Lorraine Obrien Foundation Inc
- Assets
- $5.2m
- Revenue
- $214.9k
- Investments
- $4.9m
- Employees
- 0
- Location
- White Plains, NY
- Founding
- 02/2019
- Data as of
- 06/2023
- EIN
- 82-5164201
Organization Overview
Lorraine Obrien Foundation Inc is located in White Plains, NY. The organization was established in 2019. 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. Lorraine Obrien 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 06/2023, Lorraine Obrien Foundation Inc generated $214.9k 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 (47.5%) each year. All expenses for the organization totaled $340.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lorraine Obrien Foundation Inc has awarded 47 individual grants totaling $802,500. 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 |
|---|---|---|---|
Paul G Amicucci Dir, VP | 1 | $12,500 | |
Ellen J Thurm Dir, Sec | 1 | $12,500 | |
Harry Waizer Dir, Treas | 2 | $7,500 | |
Karen Walsh Dir, Pres | 2 | $17,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,259 |
| Dividends & Interest | $142,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,814 |
| Capital Gain Net Income | $69,814 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19 |
| Total Revenue | $214,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,253 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,682 |
| Total operating and administrative expenses | $160,184 |
| Contributions, gifts, grants paid | $180,000 |
| Total expenses and disbursements | $340,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $301,175 |
| 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 | $5,225,116 |
| 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, Lorraine Obrien Foundation Inc has awarded $180,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
EL CENTRO HISPANO INC PURPOSE: SUPPORT FOR THE CENTRO HISPANO HOMEWORK HELP CENTER | $20,000 |
FAMILY SERVICE SOCIETY OF YONKERS PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
HEBREW FREE LOAN SOCIETY INC PURPOSE: TRAINING & CERTIFICATION FUNDS FOR UKRAINIAN NEW ARRIVALS | $25,000 |
HUDSON LINK FOR HIGHER EDUCATION IN PRISON INC PURPOSE: TO SUPPORT THE TECHNOLOGY EXPANSION OF HUDSON LINK'S BACHELOR'S DEGREE PROGRAM AT SHAWANGUNK CORRECTIONAL FACILITY | $20,000 |
NEIGHBORS LINK CORP PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
PLANNED PARENTHOOD HUDSON PECONIC INC PURPOSE: TO SUPPORT TEEN INFORMATION AND PEER SERVICES PROGRAM | $15,000 |