Lubetsky Family Foundation Inc
- Assets
- $1.7m
- Revenue
- $545.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-3947524
Organization Overview
Lubetsky Family Foundation Inc is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. Lubetsky 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, Lubetsky Family Foundation Inc generated $545.7k 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 (11.8%) each year. All expenses for the organization totaled $58.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Lubetsky Family Foundation Inc has awarded 11 individual grants totaling $160,000. 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 |
|---|---|---|---|
Sheila L Birnbaum Dir, Pres | 1 | $0 | |
Lauren Lubetsky Dir, Treas | 1 | $0 | |
Sara Lubetsky Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $527,744 |
| Interest on Savings | $188 |
| Dividends & Interest | $10,052 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,711 |
| Capital Gain Net Income | $57,506 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $545,695 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,498 |
| Total operating and administrative expenses | $13,482 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $58,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $114,650 |
| 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 | $1,672,419 |
| 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, Lubetsky Family Foundation Inc has awarded $45,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AVENUES FOR JUSTICE INC PURPOSE: HIRE UP PROGRAM TO EXPAND CAREER & LIFE SKILLS TRAINING FOR COURT-INVOLVED AT-RISK YOUTH | $20,000 |
HENRY STREET SETTLEMENT PURPOSE: ESOL-JOB READINESS PROGRAM FOR HIGH-IMPACT RETENTION SERVICES | $25,000 |