Lev Tov Foundation Inc
- Assets
- $3.3m
- Revenue
- $2.5m
- Investments
- $495.7k
- Employees
- 0
- Location
- Encino, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-3342353
Organization Overview
Lev Tov Foundation Inc is located in Encino, CA. 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. Lev Tov 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, Lev Tov Foundation Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 58.0% each year .
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL DISTRIBUTIONS ARE MADE SOLELY TO EXEMPT CHARITABLE ORGANIZATIONS AND INSTITUTIONS THAT QUALIFY FOR EXEMPTION EXCLUSIVELY UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Lev CEO | 0 | $0 | |
Meirah Lev Director | 0 | $0 | |
Nurit Regev Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,951 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,369 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,496,582 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $114 |
| Total operating and administrative expenses | $8,207 |
| Contributions, gifts, grants paid | $200,693 |
| Total expenses and disbursements | $208,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,780,222 |
| Savings and temporary cash investments | $0 |
| 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 | $3,275,912 |
| 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, Lev Tov Foundation Inc has awarded $200,693 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD OF THE VALLEY PURPOSE: CHARITABLE CONTRIBUTION. | $104,686 |
THE AMERICAN FRIENDS OF JUSTIFI INC PURPOSE: CHARITABLE CONTRIBUTION. | $7,500 |
JEWISH EDUCATION PROGRAM OF LONG IS PURPOSE: CHARITABLE CONTRIBUTION. | $50,000 |
SMALL DONATIONS TO VARIOUS 501C3 CL PURPOSE: CHARITABLE CONTRIBUTION. | $17,107 |
TOMCHEI LA PURPOSE: CHARITABLE CONTRIBUTION. | $5,000 |
CHABAD TREATMENT CENTER PURPOSE: CHARITABLE CONTRIBUTION. | $16,400 |