The Abe And Irene Levine Trust
- Assets
- $3.8m
- Revenue
- $183.2k
- Investments
- $3.6m
- Employees
- 0
- Location
- Sealy, TX
- Founding
- 01/1996
- Data as of
- 07/2024
- EIN
- 76-6100223
Organization Overview
The Abe And Irene Levine Trust is located in Sealy, TX. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Abe And Irene Levine Trust 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 07/2024, Abe And Irene Levine Trust generated $183.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $310.4k during the year ending 07/2024. While expenses have increased by 9.0% 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.
Since 2022, Abe And Irene Levine Trust has awarded 165 individual grants totaling $618,250. 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
EDUCATIONAL AND COMMUNITY SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leroy Zapalac Co-Trustee | 1 | $25,509 | |
Ryan Svoboda Co-Trustee | 1 | $25,509 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $197,265 |
| Net Rental Income | $638 |
| Net Gain on Sale of Assets | -$15,707 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,050 |
| Total Revenue | $183,246 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,018 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,326 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,329 |
| Total operating and administrative expenses | $62,423 |
| Contributions, gifts, grants paid | $248,000 |
| Total expenses and disbursements | $310,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,891 |
| Savings and temporary cash investments | $5,158 |
| 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 | $106,338 |
| Other assets | $25,000 |
| Total assets | $3,787,818 |
| 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, The Abe And Irene Levine Trust has awarded $248,000 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
SEALY ELEMENTARY ACTIVITY FUND - BEHAVIORAL MONITORING PROGRAM (CK 1949) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $1,000 |
SELMAN ELEMENTARY ACTIVITY FUND - BEHAVIORAL MONITORING PROGRAM (CK 1950) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $1,000 |
SEALY JR HIGHACTIVITY FUND - BEHAVIORAL MONITORING PROGRAM (CK 1951) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $1,000 |
SEALY HIGH SCHOOL ACTIVITY FUND - BEHAVIORAL MONITORING PROGRAM (CK 1952) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $1,000 |
KRISTIE CRUZ - SEALY ELEMENTARY TEACHER OF THE YEAR (CK 1958) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $2,750 |
SEALY POLICE DEPARTMENT - BLUE SANTA PROGRAM TOY DRIVE (CK 1955) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $500 |