The A L Levine Family Foundation Inc
- Assets
- $10.6m
- Revenue
- $1.0m
- Investments
- $10.2m
- Employees
- 0
- Location
- Wayne, NJ
- Founding
- 07/1995
- Data as of
- 09/2021
- EIN
- 65-0554692
Organization Overview
The A L Levine Family Foundation Inc is located in Wayne, NJ. The organization was established in 1995. 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. A L Levine 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 09/2021, A L Levine Family Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $560.8k during the year ending 09/2021. While expenses have increased by 10.5% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carole Ann Steiger Director | 5 | $7,000 | |
Peter L Levine Director | 1 | $7,000 | |
David L Steiger Director | 1 | $7,000 | |
Andrew R Steiger Director | 5 | $7,000 | |
Arthur L Levine Director | 1 | $7,000 | |
Joel J Steiger Director | 1 | $7,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31 |
| Dividends & Interest | $282,706 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $764,955 |
| Capital Gain Net Income | $764,955 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,630 |
| Total Revenue | $1,049,322 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,336 |
| Total operating and administrative expenses | $115,666 |
| Contributions, gifts, grants paid | $445,150 |
| Total expenses and disbursements | $560,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $358,837 |
| 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 | $4,268,247 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,585,957 |
| 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 |
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