Lawrence Charitable Foundation
- Assets
- $2.6m
- Revenue
- $75.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Lawrence, NY
- Founding
- 06/2000
- Data as of
- 12/2023
- EIN
- 31-1709120
Organization Overview
Lawrence Charitable Foundation is located in Lawrence, NY. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Lawrence Charitable Foundation generated $75.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $145.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lawrence Charitable Foundation has awarded 69 individual grants totaling $633,918. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AID TO MANY NEEDY CHARITABLE INSTITUTIONS THEY WERE PROVIDED WITH GRANTS TO AID THE NEEDY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Gettenberg Trustee | 3 | $0 | |
Lynn Gettenberg Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,273 |
| Dividends & Interest | $24,671 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,081 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,101 |
| Total Revenue | $74,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,314 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,567 |
| Contributions, gifts, grants paid | $138,541 |
| Total expenses and disbursements | $145,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,128,368 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,460,795 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,589,163 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lawrence Charitable Foundation has awarded $138,541 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CHARITABLE RECPIENTS 1500 OR LESS PURPOSE: AID TO NEEDY | $25,090 |
VAAD HARABONIM LINYANEI TZEDAKA PURPOSE: AID TO NEEDY | $10,000 |
CONG AHAVAS TZEDEKA VCHESSED PURPOSE: AID TO NEEDY | $10,250 |
CONG CHINO V CHISDA PURPOSE: AID TO NEEDY | $40,000 |
CONGREGATION BETH SHOLOM PURPOSE: RELIGIOUS ORGANIZATION | $3,200 |
KEW GARDENS SYNAGOGUE PURPOSE: RELIGIOUS ORGANIZATION | $20,000 |