Marilyn Lichtman Foundation
- Assets
- $45.8m
- Revenue
- $741.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Wantagh, NY
- Founding
- 09/2017
- Data as of
- 12/2023
- EIN
- 81-2803908
Organization Overview
Marilyn Lichtman Foundation is located in Wantagh, NY. The organization was established in 2017. 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. Marilyn Lichtman 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 12/2023, Marilyn Lichtman Foundation generated $741.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $3.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Marilyn Lichtman Foundation has awarded 357 individual grants totaling $8,011,603. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOYLESTOWN HOSPITAL
THE BRONX ZOO
WOUNDED WARRIORS
SOLEBURY POLICE DEPARTMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Brull President | 40 | $221,000 | |
Anthony Abbate CPA Vice President/treasurer | 20 | $162,500 | |
Richard Yarmel ESQ Secretary | 20 | $162,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $694 |
| Dividends & Interest | $1,549,242 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$808,125 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $741,811 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $546,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78,141 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66,140 |
| Total operating and administrative expenses | $894,272 |
| Contributions, gifts, grants paid | $2,164,126 |
| Total expenses and disbursements | $3,058,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $777,688 |
| 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 | $24,135 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $44,989,091 |
| Total assets | $45,790,914 |
| Accounts payable and accrued expenses | $62,500 |
| 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 | $62,500 |
Grants Awarded
Over the last fiscal year, Marilyn Lichtman Foundation has awarded $2,164,126 in support to 115 organizations.
| Grant Recipient | Amount |
|---|---|
13THIRTY CANCER CONNECT INC PURPOSE: GENERAL CHARITY | $26,000 |
ADIRONDACK MOUNTAIN CLUB INC PURPOSE: GENERAL CHARITY | $25,000 |
ADVENT HEALTH FOUNDATION INC PURPOSE: GENERAL CHARITY | $10,000 |
ACDS INC PURPOSE: GENERAL CHARITY | $10,000 |
AMERICAN WILD HORSE CAMPAIGN PURPOSE: GENERAL CHARITY | $5,000 |
ALLIED FOUNDATION INC PURPOSE: GENERAL CHARITY | $2,000 |