Lachman Family Foundation Inc
- Assets
- $342.4k
- Revenue
- $82.8k
- Investments
- $342.3k
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 82-1024427
Organization Overview
Lachman Family Foundation Inc is located in Palm Beach, FL. The organization was established in 2019. 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. Lachman Family Foundation Inc 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, Lachman Family Foundation Inc generated $82.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.9%) each year. All expenses for the organization totaled $214.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lachman Family Foundation Inc has awarded 44 individual grants totaling $1,018,716. 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 Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO ORGANIZATIONS CERTIFIED AS PUBLIC CHARITIES FOR THE FOLLOWING PURPOSES: RELIGIOUS, EDUCATIONAL, SCIENTIFIC, LITERARY, FOSTERING NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION AND THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO ORGANIZATIONS CERTIFIED AS PUBLIC CHARITIES FOR THE FOLLOWING PURPOSES: RELIGIOUS, EDUCATIONAL, SCIENTIFIC, LITERARY, FOSTERING NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION AND THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS.
INCORPORATED IN 4A
INCORPORATED IN 4A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Lachman President | 0 | $0 | |
William Lachman Vice President/secretary | 0 | $0 | |
Roslyn Lachman Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $11,930 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,842 |
| Capital Gain Net Income | $70,842 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $82,777 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $98 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $20,820 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73 |
| Total operating and administrative expenses | $28,657 |
| Contributions, gifts, grants paid | $186,070 |
| Total expenses and disbursements | $214,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $177 |
| 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 | $342,436 |
| 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, Lachman Family Foundation Inc has awarded $186,070 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: GENERAL SUPPORT OF THE MEDICAL SCHOOL | $15,000 |
FRIENDS OF VGH & UBC HOSPITAL PURPOSE: GENERAL CHARITABLE SUPPORT | $52,500 |
PALM BEACH ISLAND HOSPICE FOUNDATION PURPOSE: TO ENHANCE GRIEF COUNSELING AND FAMILY TRANSITION OUTREACH PROGRAMS | $15,000 |
PALM BEACH SYMPHONY PURPOSE: GENERAL OPERATIONS SUPPORT | $43,500 |
TEMPLE EMANU-EL OF PALM BEACH PURPOSE: GENERAL CHARITABLE SUPPORT | $17,620 |
TEMPLE SHALOM PURPOSE: GENERAL CHARITABLE SUPPORT | $16,000 |