Holocaust Legacy Foundation Inc
- Assets
- $15.7m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Boston, MA
- Founding
- Data as of
- 12/2022
- EIN
- 83-4670212
Organization Overview
Holocaust Legacy Foundation Inc is located in Boston, MA. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Holocaust Legacy Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holocaust Legacy 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 12/2022, Holocaust Legacy Foundation Inc generated $8.2m in total revenue. All expenses for the organization totaled $205.2k during the year ending 12/2022. While expenses have increased by 100.7% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND PERPETUATE THE MEMORY AND LESSONS OF THE HOLOCAUST FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOLOCAUST LEGACY FOUNDATION IS IN THE PROCESS OF CONSTRUCTING A MUSEUM.
THE HOLOCAUST LEGACY FOUNDATION PROVIDES SUPPORT TO OTHER ORGANIZATIONS THAT HAVE SIMILIAR INTERESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Kipnis President | OfficerTrustee | 40 | $150,000 |
Todd Ruderman Director | Trustee | 10 | $0 |
Scott Frank Director | OfficerTrustee | 10 | $0 |
Deborah Coltin Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schwartzsilver Architects Architectural | 12/30/23 | $1,929,568 |
Luci Creative Design | 12/30/23 | $845,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,344,077 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,344,077 |
| Total Program Service Revenue | $0 |
| Investment income | $67,776 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$182,852 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,229,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,346 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,230 |
| Compensation of current officers, directors, key employees. | $46,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $515 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,789 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,562 |
| Fees for services: Other | $4,000 |
| Advertising and promotion | $20,882 |
| Office expenses | $3,110 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,671 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $940 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $205,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $510,343 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,707,724 |
| Investments—publicly traded securities | $3,524,317 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,742,384 |
| Accounts payable and accrued expenses | $241,156 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $241,156 |
| Net assets without donor restrictions | $15,501,228 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,742,384 |
Grants Awarded
Over the last fiscal year, Holocaust Legacy Foundation Inc has awarded $171,192 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LAPPIN FOUNDATION PURPOSE: HOLOCAUST EDUCATION | $21,192 |
UNIVERSITY OF SOUTHERN CAL PURPOSE: USC SHOAH FOUNDATION | $150,000 |