Bruce And Karen Levenson Family Foundation Inc
- Assets
- $14.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 08/2016
- Data as of
- 12/2021
- EIN
- 47-4630940
Organization Overview
Bruce And Karen Levenson Family Foundation Inc is located in Mclean, VA. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bruce And Karen Levenson Family Foundation Inc 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 12/2021, Bruce And Karen Levenson Family Foundation Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (37.1%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ACCOMPLISHES ITS CHARITABLE PURPOSES SOLELY THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS AND GRANTS AND DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES OR MAKE PROGRAM-RELATED INVESTMENTS. THE FOUNDATIONS DOES NOT ALLOCATE ANY OF ITS ADMINISTRATIVE EXPENSES TO DISBURSEMENTS FOR CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce D Levenson Director, President | 0 | $0 | |
Scott Levenson Director, Vp, Treasurer | 0 | $0 | |
Karen L Levenson Director, Secretary | 0 | $0 | |
Brian Levenson Director, VP | 0 | $0 | |
Michael Levenson Director, VP | 0 | $0 | |
Tamara Levenson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $421,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,012,199 |
| Capital Gain Net Income | $1,012,199 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $140,311 |
| Total Revenue | $1,573,581 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $76,232 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,074 |
| Total operating and administrative expenses | $110,806 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $110,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,138,860 |
| 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 | $0 |
| Other assets | $12,052,085 |
| Total assets | $14,190,945 |
| 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, Bruce And Karen Levenson Family Foundation Inc has awarded $1,403,335 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MARYLAND COLLEGE PURPOSE: GENERAL FUND | $1,243,335 |
Saint Louis, MO PURPOSE: GENERAL FUNDING | $150,000 |
Long Island City, NY PURPOSE: GENERAL FUNDING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |