Miles Lerman Family Foundation
- Assets
- $6.1m
- Revenue
- -$173.9k
- Investments
- $5.9m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 02/1976
- Data as of
- 06/2024
- EIN
- 51-0169039
Organization Overview
Miles Lerman Family Foundation is located in Philadelphia, PA. The organization was established in 1976. 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. Miles Lerman Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Miles Lerman Family Foundation has awarded 15 individual grants totaling $1,251,084. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lerman Trustee | 0.25 | $0 | |
Jeanette Lerman Neubauer Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,758 |
| Dividends & Interest | $82,897 |
| Net Rental Income | -$54,748 |
| Net Gain on Sale of Assets | -$299,839 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,957 |
| Total Revenue | -$173,909 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $28,200 |
| Pension plans, employee benefits | $594 |
| Interest | $0 |
| Taxes | $4,610 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $116,638 |
| Total operating and administrative expenses | $167,190 |
| Contributions, gifts, grants paid | $301,492 |
| Total expenses and disbursements | $468,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,690 |
| Savings and temporary cash investments | $117,304 |
| 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 | $2,354,503 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,409 |
| Total assets | $6,127,738 |
| Accounts payable and accrued expenses | $54 |
| 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 | $3,000 |
| Total liabilities | $3,054 |
Grants Awarded
Over the last fiscal year, Miles Lerman Family Foundation has awarded $301,492 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHEVRA KADISHA OF ALLIANCE PURPOSE: GENERAL SUPPORT | $1,800 |
DAVID LERMAN & SHELLEY WALLOCK - DONOR ADVISED FUND PURPOSE: GENERAL SUPPORT | $20,000 |
JEWISH COMMUNAL FUND PURPOSE: GENERAL SUPPORT | $279,692 |