Levin Family Foundation
- Assets
- $648.1k
- Revenue
- $53.6k
- Investments
- $397.3k
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 07/1998
- Data as of
- 06/2024
- EIN
- 76-0572174
Organization Overview
Levin Family Foundation is located in Galveston, TX. The organization was established in 1998. 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. Levin Family 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 06/2024, Levin Family Foundation generated $53.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $64.2k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Levin Family Foundation has awarded 56 individual grants totaling $330,550. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO 501(C)(3), RELIGIOUS AND GOVERNMENTAL ENTITIES THAT PROMOTE THE CHARITABLE PURPOSES OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Hornstein Director | 2 | $6,000 | |
Susan L Hornstein Director | 2 | $6,000 | |
Gerry Lee Hornstein Secretary/treas | 6 | $6,000 | |
Gene Hornstein President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,076 |
| Dividends & Interest | $38,661 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,010 |
| Capital Gain Net Income | $6,010 |
| Net ST Capital Gain | $6,010 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,896 |
| Total Revenue | $53,643 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,295 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $356 |
| Other expenses | $0 |
| Total operating and administrative expenses | $28,403 |
| Contributions, gifts, grants paid | $35,800 |
| Total expenses and disbursements | $64,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,987 |
| Savings and temporary cash investments | $100,833 |
| 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 | $404 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $111,569 |
| Total assets | $648,065 |
| 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, Levin Family Foundation has awarded $35,800 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MC DONALD HOUSE PURPOSE: GENERAL | $1,500 |
GRAND 1894 OPERA HOUSE PURPOSE: GENERAL | $10,000 |
UTMB-GALVESTON TEXAS PURPOSE: GENERAL | $4,300 |
MEALS ON WHEELS PURPOSE: GENERAL | $3,000 |
BRYAN MUSEUM PURPOSE: GENERAL | $2,500 |
GALVESTON ISLAND HUMANE SOCIETY PURPOSE: GENERAL | $8,500 |