Cummins-Levenstein Charitable Foundation
- Assets
- $5.8m
- Revenue
- $635.9k
- Investments
- $5.7m
- Employees
- 0
- Location
- Montvale, NJ
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 81-2764358
Organization Overview
Cummins-Levenstein Charitable Foundation is located in Montvale, NJ. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Cummins-Levenstein Charitable 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 12/2021, Cummins-Levenstein Charitable Foundation generated $635.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $400.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Cummins-Levenstein Charitable Foundation has awarded 51 individual grants totaling $822,200. 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 |
|---|---|---|---|
Lauren Levenstein President | 0.5 | $0 | |
Richard Levenstein Vice Preside | 0 | $0 | |
Kelly Levenstein Secretary | 0.5 | $0 | |
Richard Rausa Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $132,436 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $503,403 |
| Capital Gain Net Income | $503,403 |
| Net ST Capital Gain | $9,191 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $635,858 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,833 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70,505 |
| Total operating and administrative expenses | $83,468 |
| Contributions, gifts, grants paid | $316,700 |
| Total expenses and disbursements | $400,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,942 |
| Savings and temporary cash investments | $96,205 |
| 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 | $0 |
| Total assets | $5,836,884 |
| 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, Cummins-Levenstein Charitable Foundation has awarded $316,700 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
TULANE EDUCATIONAL FUND PURPOSE: EDUCATION | $52,500 |
Fort Pierce, FL PURPOSE: CHARITY | $25,000 |
SECOND HARVEST FOOD BANK OF NO PURPOSE: CHARITY | $25,000 |
Palm City, FL PURPOSE: ARTS, EDUCATION | $21,200 |
New York, NY PURPOSE: EDUCATION | $20,000 |
ACLU FOUNDATION PURPOSE: HUMAN RIGHTS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Candid New York, NY | $88,006,038 | $55,202,801 |
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |
Tapfound Inc New York, NY | $4,933,878 | $7,053,619 |
Chief Executives For Corporate Purpose Inc New York, NY | $5,985,740 | $5,961,385 |
Sovereign Military Hospitaller Order Of St John Of Jerusalem Of New York, NY | $5,131,952 | $5,108,487 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
Datakind Brooklyn, NY | $7,052,955 | $2,773,630 |