Laughing Man Foundation
- Assets
- $2.0m
- Revenue
- $66.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Quogue, NY
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 47-3978050
Organization Overview
Laughing Man Foundation is located in Quogue, NY. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laughing Man 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 12/2022, Laughing Man Foundation generated $66.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $158.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Laughing Man Foundation has awarded 13 individual grants totaling $447,529. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE INNOVATIVE AND EFFECTIVE EDUCATIONAL INITIATIVES IN THE UNITED STATES AND ELSEWHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKE GRANT TO FAIR TRADE USA TO PROMOTE INNOVATIVE EDUCATIONAL INITIATIVES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Steingard Director/cfo/secretary | 10 | $0 | |
David Steingard Director/ceo | 10 | $0 | |
Felicia Zarai Director | 10 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $66,636 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,795 |
| Depreciation | $29,886 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,051 |
| Total operating and administrative expenses | $152,312 |
| Contributions, gifts, grants paid | $6,422 |
| Total expenses and disbursements | $158,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,608 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,084 |
| Other assets | $0 |
| Total assets | $2,008,692 |
| 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, Laughing Man Foundation has awarded $6,422 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
QUOGUE SCHOOL HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $500 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $922 |
TASTE OF TRIBECA FESTIVAL PURPOSE: GENERAL SUPPORT | $5,000 |