The Levy Family Foundation
SUPPORTS THE MISSION OF UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK, INC.
IRS Tax Year 2023
Period ending June 30, 2024
Total Revenue
$0
Total Expenses
$33K
Net Assets
$1.1M
Employees
0
Grants Paid
$33K
Program Expense Ratio
99.3%
This nonprofit profile presents IRS Form 990 tax filing data for The Levy Family Foundation (EIN: 13-3499576), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
The Levy Family Foundation is a 501(c)(3) nonprofit headquartered in NEW YORK, NY, founded in 1991. The organization has held tax-exempt status since 1989. In its 2023 filing, the organization reported $0 in total revenue, and $33K in total expenses. WILLIAM D SAMERS, TRUSTEE, is the highest-compensated individual at $390,528. The organization runs 1 program, totaling $33K in program expenses. 5 of 6 recommended governance policies are in place.
Programs(Tax Year 2023)
1 record
The Levy Family Foundation operates 1 program, with total program expenses of $33K. The Levy Family Foundation's largest program accounts for 100% of total program spending.
GRANTS ARE MADE TO UJA-FEDERATION OF NEW YORK AND OTHER TAX EXEMPT ORGANIZATIONS IN FURTHERANCE OF UJA-FEDERATION OF NEW YORK'S CHARITABLE PURPOSES.
Financial Overview(Tax Years 2020–2023)
4 records
Over the past 4 years, The Levy Family Foundation's revenue has declined from $98K to $0, a 100.0% decrease. Program expenses represent 99% of total spending.
Expenses declined 29.6%, while net assets rose to $1.1M, up 5.0% from the prior year.
The Levy Family Foundation allocates 99% to programs, 1% to management and general.
The Levy Family Foundation distributed $33K in grants to other organizations and individuals, representing 99% of total expenses.
Over 4 filings from 2020–2023, The Levy Family Foundation declined revenue from $98K to $0 (-100.0%) while maintaining a program expense ratio of 99%.
The Levy Family Foundation holds $1.2M in total assets against $42K in liabilities (debt-to-asset ratio of 4%). The organization has 399.9 months of operating reserves. Cash and equivalents of $16K cover approximately 5.7 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $0 | $0 | $0 | $0 | $0 |
| 2022 | $0 | $0 | $0 | $0 | $0 |
| 2021 | $67K | $0 | $0 | $0 | $67K |
| 2020 | $98K | $0 | $0 | $0 | $98K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $33K | $33K | $250 | $0 | $33K |
| 2022 | $47K | $47K | $250 | $0 | $47K |
| 2021 | $45K | $40K | $5K | $0 | $40K |
| 2020 | $47K | $40K | $7K | $0 | $40K |
Program Expense Ratio
99.3%
Admin Expense Ratio
0.8%
Fundraising Efficiency
—
Operating Reserve
399.9 mo
People & Compensation(Tax Year 2023)
5 records
The Levy Family Foundation reported compensation for 5 officers and key employees. Total officer compensation was $631K, representing 1896.4% of total expenses.
The Levy Family Foundation's highest-compensated individual received $391K in total compensation. Total officer compensation of $631K represents 1896.4% of total expenses.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| WILLIAM D SAMERS | TRUSTEE | Director | 1.00 | $0 | $321,484 | $390,528 |
| STANLEY BAUMBLATT | SECRETARY/TREASURER/TRUSTE | OfficerDirector | 1.00 | $0 | $193,560 | $240,020 |
| MIMI FRANK | PRESIDENT/TRUSTEE | OfficerDirector | — | $0 | $0 | $0 |
| DONNA JAKUBOVITZ | TRUSTEE | Director | — | $0 | $0 | $0 |
| JUDY SAFRAN | TRUSTEE | Director | — | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
STANLEY BAUMBLATT
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
WILLIAM D SAMERS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2023)
The Levy Family Foundation has 5 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 5 members, 3 of whom are independent.
The Levy Family Foundation's financial statements are audited, an audit committee oversees the process.
The Levy Family Foundation has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2023)
1 record
The Levy Family Foundation awarded $28K across 1 grant to organizations. Top recipients include UJA-FEDERATION OF NEW YORK (NEW YORK, NY) — $28K for grant to supported organization.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| UJA-FEDERATION OF NEW YORK510172429 | NEW YORK, NY | $28K | GRANT TO SUPPORTED ORGANIZATION |
Filing History(Tax Years 1989–2023)
4 records
Showing the 4 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-07-01 – 2024-06-30 | $0 | $33K | $1.1M |
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $0 | $47K | $1.1M |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $67K | $45K | $1.0M |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $98K | $47K | $1.2M |
| 1989–2019 | No filings acquired yet | ||||
Frequently Asked Questions
What does The Levy Family Foundation do?
SUPPORTS THE MISSION OF UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK, INC.
How much revenue does The Levy Family Foundation have?
The Levy Family Foundation reported $0 in total revenue for tax year 2023.
Who is the highest-paid executive at The Levy Family Foundation?
WILLIAM D SAMERS, TRUSTEE, received $390,528 in total compensation as of tax year 2023.
Is The Levy Family Foundation a 501(c)(3)?
Yes, The Levy Family Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is The Levy Family Foundation located?
The Levy Family Foundation is headquartered in NEW YORK, NY 100221302.
Is The Levy Family Foundation audited?
Yes, The Levy Family Foundation's financial statements are audited, and the organization has an audit committee.
Does The Levy Family Foundation give grants?
Yes, The Levy Family Foundation distributed $33,000 in grants to other organizations and individuals in tax year 2023. Top recipients include UJA-FEDERATION OF NEW YORK.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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