Cummins-Levenstein Charitable Foundation
- Assets
- $5.7m
- Revenue
- $229.7k
- Investments
- $5.6m
- Employees
- 0
- Location
- Montvale, NJ
- Founding
- 06/2016
- Data as of
- 12/2022
- 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 12/2022, Cummins-Levenstein Charitable Foundation generated $229.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.5%) each year. All expenses for the organization totaled $367.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Cummins-Levenstein Charitable Foundation has awarded 69 individual grants totaling $1,112,200. 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 | 0.5 | $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 | $138 |
| Dividends & Interest | $154,173 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,366 |
| Capital Gain Net Income | $75,366 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $229,677 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,956 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,084 |
| Total operating and administrative expenses | $77,580 |
| Contributions, gifts, grants paid | $290,000 |
| Total expenses and disbursements | $367,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,966 |
| Savings and temporary cash investments | $57,776 |
| 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 | $5,580 |
| Total assets | $5,698,981 |
| 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 $290,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
TULANE UNIVERSITY PURPOSE: EDUCATION | $40,000 |
ACLU FOUNDATION PURPOSE: HUMAN RIGHTS | $15,000 |
TREASURE COAST SYMPHONY PURPOSE: ARTS | $10,000 |
DONORSCHOOSEORG PURPOSE: EDUCATION | $25,000 |
CAPITAL AREA FOOD BANK PURPOSE: CHARITY | $15,000 |
NATIONAL CENTER FOR STATE COURTS PURPOSE: EDUCATION | $7,500 |