Louis And Helen Fanaroff Charitable Foundation Ltd
- Assets
- $2.2m
- Revenue
- $151.2k
- Investments
- $2.2m
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 03/1983
- Data as of
- 06/2023
- EIN
- 52-1276724
Organization Overview
Louis And Helen Fanaroff Charitable Foundation Ltd is located in Gaithersburg, MD. The organization was established in 1983. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Louis And Helen Fanaroff Charitable Foundation Ltd 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 06/2023, Louis And Helen Fanaroff Charitable Foundation Ltd generated $151.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $183.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Louis And Helen Fanaroff Charitable Foundation Ltd has awarded 173 individual grants totaling $807,014. 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 |
|---|---|---|---|
Steven Fanaroff Director | 2 | $0 | |
Sonia Polsky Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $103,309 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,807 |
| Capital Gain Net Income | $47,807 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53 |
| Total Revenue | $151,169 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,938 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66 |
| Total operating and administrative expenses | $48,552 |
| Contributions, gifts, grants paid | $135,000 |
| Total expenses and disbursements | $183,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $73,441 |
| 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 | $100,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,234,858 |
| 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, Louis And Helen Fanaroff Charitable Foundation Ltd has awarded $135,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ACTIVE MINDS PURPOSE: SUPPORT MENTAL HEALTH EDUCATION | $2,500 |
AMERICAN HEART ASSOCIATION PURPOSE: FIGHT HEART DISEASE | $1,500 |
AQUILINO CANCER CENTER PURPOSE: GENERAL SUPPORT | $6,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: TO COMBAT DEFAMATION AND HATE-CRIMES RELATED TO THE JEWISH COMMUNITY | $10,000 |
AMERICAN DIABETES ASSOCIATION PURPOSE: TO SUPPORT DIABETES RESEARCH | $1,500 |
BRIGHT BEGINNINGS INC PURPOSE: GENERAL SUPPORT | $2,000 |