Lubert Family Foundation Inc
- Assets
- $15.4m
- Revenue
- $892.0k
- Investments
- $13.5m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 01/2006
- Data as of
- 12/2022
- EIN
- 66-0639002
Organization Overview
Lubert Family Foundation Inc is located in Philadelphia, PA. The organization was established in 2006. 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. Lubert 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 12/2022, Lubert Family Foundation Inc generated $892.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $874.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lubert Family Foundation Inc has awarded 116 individual grants totaling $2,586,403. 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 |
|---|---|---|---|
Ira M Lubert President | 1 | $0 | |
Kristine Ives Vice-President | 1 | $0 | |
Tricia Billings Secretary | 1 | $0 | |
Jonathan Lubert Treasurer | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41,389 |
| Dividends & Interest | $248,917 |
| Net Rental Income | $7,762 |
| Net Gain on Sale of Assets | $579,987 |
| Capital Gain Net Income | $582,298 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,948 |
| Total Revenue | $892,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $18,388 |
| Taxes | $3,153 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $152,306 |
| Total operating and administrative expenses | $173,847 |
| Contributions, gifts, grants paid | $700,370 |
| Total expenses and disbursements | $874,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,940,206 |
| Savings and temporary cash investments | $0 |
| 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 | $4,368,615 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,276 |
| Total assets | $15,418,684 |
| 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, Lubert Family Foundation Inc has awarded $700,370 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
A CURE FOR ROBERT PURPOSE: SUPPORT CURE FOR MORQUIO | $15,000 |
A SENSE OF HOME PURPOSE: HOMES FOR YOUTHS AGING OUT OF FOSTER CARE | $10,000 |
AMERICAN HEART ASSOCIATION PURPOSE: SUPPORT HEART RESEARCH | $5,000 |
AMERICAN INDIAN COLLEGE FUND PURPOSE: SUPPORT NATIVE STUDENTS' ACCESS TO HIGHER EDUCATION | $10,000 |
ACADEMY IN MANAYUNK PURPOSE: EDUCATIONAL SUPPORT FOR CHILDREN WITH DISABILTIES | $20,000 |
AMERICAN STUDIO PURPOSE: POLITICAL OP-EDS AND SOCIAL ACTIVISM | $7,500 |