Levine Family Foundation
- Assets
- $6.1m
- Revenue
- $507.0k
- Investments
- $4.2m
- Employees
- 0
- Location
- Lighthouse Point, FL
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-3859777
Organization Overview
Levine Family Foundation is located in Lighthouse Point, FL. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Levine 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 12/2022, Levine Family Foundation generated $507.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.8% each year .
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREATER ANN ARBOR JEWISH FEDERATION PROVIDES COMMUNITY SUPPORT FOR GREATER ANN ARBOR AND SURROUNDING AREAS IN MICHIGAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Levine President | 15 | $0 | |
Elizabeth Wilsman CPA Director | 5 | $0 | |
Joshua Greenbaum Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $506,982 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $506,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,508 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,493 |
| Contributions, gifts, grants paid | $953,765 |
| Total expenses and disbursements | $968,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,297,716 |
| 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 | $577,520 |
| 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 | $6,069,275 |
| 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, Levine Family Foundation has awarded $953,765 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION OF ANN ARBOR PURPOSE: SERVING THE NEEDS OFTHE GREATER ANN ARBORAREA | $500,000 |
RAILS TO TRAILS PROJECT ECO TRAIL PURPOSE: RAILS TO TRAILS ECO TRAIL AND IMPROVEMENTS | $200,000 |
FAU FOUNDATION PURPOSE: FAU FOUNDATION NEEDS-RAVIV ENGINEERING PROJECT | $150,000 |
CHABAD STUDENT CENTER PURPOSE: BOCA RATON CHABAD NEEDSFOR STUDENTS | $30,000 |
FRIENDS OF LIFSHITZ COLLEGE PURPOSE: JEWISH EDUCATION PROGRAMS | $50,000 |
CHABAD OF NORTH BROWARD BEACHES PURPOSE: RELIGIOUS EDUCATION FORBROWARD COUNTY AREA | $5,000 |