Laurence W Levine Foundation Inc is located in New York, NY. The organization was established in 1994. 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. Laurence W Levine 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 12/2023, Laurence W Levine Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 8.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Laurence W Levine Foundation Inc has awarded 314 individual grants totaling $7,046,500. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Susan Kane Pres, Treas & Direct | 4 | $4,500 | |
Jay Levine Vice Pres & Direct | 2 | $4,500 | |
Russell Kane Director | 2 | $4,500 | |
Beth Feldman Director | 2 | $4,500 | |
Lesley Logue Director | 2 | $4,500 | |
James Levine Director | 2 | $4,500 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $338,512 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $445,200 |
Capital Gain Net Income | $445,200 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $945,107 |
Total Revenue | $1,728,819 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $31,500 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $5,775 |
Depreciation | $0 |
Occupancy | $9,000 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $6,812 |
Total operating and administrative expenses | $144,309 |
Contributions, gifts, grants paid | $1,625,000 |
Total expenses and disbursements | $1,769,309 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $341,347 |
Savings and temporary cash investments | $149,500 |
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 | $2,728,318 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $12,052,826 |
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 |
Over the last fiscal year, Laurence W Levine Foundation Inc has awarded $1,625,000 in support to 43 organizations.
Grant Recipient | Amount |
---|---|
MUHLENBERG COLLEGE PURPOSE: EXEMPT ORGANIZATION PURPOSE | $8,000 |
MELVILLE JEWISH CENTER PURPOSE: EXEMPT ORGANIZATION PURPOSE | $17,000 |
THE CARON FOUNDATION PURPOSE: EXEMPT ORGANIZATION PURPOSE | $10,000 |
PERKIOMEN SCHOOL PURPOSE: EXEMPT ORGANIZATION PURPOSE | $10,000 |
SMART KIDS PURPOSE: ORGANIZATION'S EXEMPT | $10,000 |
ARBUTOS PURPOSE: EXEMPT ORGANIZATION PURPOSE | $15,000 |