Lionschain Charity Inc
- Assets
- $217.7k
- Revenue
- -$779.4k
- Investments
- $191.6k
- Employees
- 0
- Location
- Lawrence, NY
- Founding
- Data as of
- 12/2022
- EIN
- 87-4167459
Organization Overview
Lionschain Charity Inc is located in Lawrence, NY. 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. Lionschain Charity Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary Wolfson President | 5 | $0 | |
Michael Nissim Hasson Director | 1 | $0 | |
Jonathan Joseph Caras Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,100 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$781,594 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,059 |
| Total Revenue | -$779,435 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,282 |
| Taxes | $133 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19 |
| Total operating and administrative expenses | $4,434 |
| Contributions, gifts, grants paid | $208,062 |
| Total expenses and disbursements | $212,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,036 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $11,996 |
| 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 | $191,631 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $217,663 |
| 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, Lionschain Charity Inc has awarded $208,062 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
THE BEACH SHUL PURPOSE: TO REBUILD AFTER FIRE | $100,000 |
PEF ISRAEL ENDOWMENTS PURPOSE: DONATION TO ORGANIZATION THAT GRANTS FUNDS FOR PHILANTHROPIC CAUSES | $30,000 |
DARCHEI HORAAH LRABBANIM PURPOSE: EDUCATIONAL ORGANIZATION THAT ANSWERS LEGAL QUESTIONS | $63,700 |
OR HADDASH INSTITUTE PURPOSE: COMPREHENSIVE EDUCATION FOR IMMIGRANTS | $9,100 |
CHABAD LUBAVITCH OF TENNESSEE PURPOSE: PROVIDES SERVICES AND JEWISH AWARENESS REGARDLESS OF BACKGROUND OR AFFILIATION | $1,800 |
YAD HENNA SARA PURPOSE: HELPING CHILDREN WITH PTSD | $2,600 |