Lester M & Sally Entin Foundation
- Assets
- $8.4m
- Revenue
- $2.0m
- Investments
- $8.2m
- Employees
- 0
- Location
- Livingston, NJ
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 65-0758118
Organization Overview
Lester M & Sally Entin Foundation is located in Livingston, NJ. The organization was established in 1997. 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. Lester M & Sally Entin Foundation 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, Lester M & Sally Entin Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 40.8% each year . All expenses for the organization totaled $583.9k during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 8 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 2016, Lester M & Sally Entin Foundation has awarded 344 individual grants totaling $2,478,656. 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 |
|---|---|---|---|
Marc J Lenner Pres., Treas. And Director | 5 | $40,000 | |
Robert A Hoberman Vp, Sect'y And Director | 5 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,886 |
| Dividends & Interest | $119,346 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,881,668 |
| Capital Gain Net Income | $1,881,668 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,648 |
| Total Revenue | $2,017,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $130,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $60,000 |
| Interest | $0 |
| Taxes | $12,709 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,562 |
| Total operating and administrative expenses | $251,478 |
| Contributions, gifts, grants paid | $332,400 |
| Total expenses and disbursements | $583,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $168,909 |
| 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 | $5,291 |
| Total assets | $8,377,500 |
| Accounts payable and accrued expenses | $250 |
| 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 | $250 |
Grants Awarded
Over the last fiscal year, Lester M & Sally Entin Foundation has awarded $332,400 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
5 UNDER 40 FOUNDATION CORP PURPOSE: DONATION | $5,000 |
BAY AREA SCORES PURPOSE: DONATION | $5,000 |
COMMUNITY FOUNDATION OF NEW JERSY PURPOSE: DONATION | $5,000 |
CONGREGATION DOR TIKVAH PURPOSE: DONATION | $1,800 |
CONGREGATION B'NAI JESHURUN PURPOSE: DONATION | $20,000 |
CROHNS & COLITIS FOUNDATION PURPOSE: DONATION | $15,000 |