Lambs Foundation INC

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EIN 13-6138296 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2023
Revenue
$35K
FY2023▼ -36%
Expenses
$175K
FY2023▼ -22%

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Supports nonprofit theater groups and arts education. For fiscal year 2023 it reported $35K in revenue, $175K in expenses, and $959K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
New York, NY
Website
www.thelambsfoundation.org
Filings
4 on file (2020–2023)
Revenue
$35KFY2023
Expenses
$175K
Net assets
$959K
People
4
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Size
<$100K
What they do
Supports nonprofit theater groups and arts education.
Leadership
Peter Kingsley · Vice Preside
Money in and out
$35K revenue, $175K expenses
Bottom line
70% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

WARNING

Last filed FY2023 — 3 yrs ago

Most recent Form 990 on file is for fiscal year 2023 (3 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Smith Winchell Est Tr

1 distinct foundation funder(s) on file, $37K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

70% to programs

70% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

<$100K · ↓ -36% vs prior year

Revenue band <$100K, -36% versus the prior filing year (down). See detail →

Where the money goes · FY2023
Total revenue
$35K
Pt VIII · Ln 12
Total expenses
$175K
Pt IX · Ln 25
Net assets
$959K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$140K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.28 Fundraising $0.02
Program efficiency
70%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
65.8mo
months of highly liquid reserves at operating expense rate▲ +12% vs prior filing year
Surplus margin
-401%
revenue over expenses, this year▼ -29% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$959K
FY2023▼ -13%
Total liabilities
$0
FY2023
Revenue less expensesPt I · Ln 19−$140K
Total assetsPt X · Ln 16$959K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CLambs Foundation INC
EINHdr · item D13-6138296
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.thelambsfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1949

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Rec/Corres S
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $123K of program spending, described in the organization's own filed words · FY2023.
01

Provide support for nonprofit theatre groups and otherwise support the arts.

$123Kprogram expense
02

The foundation owns a collection of art and memorabilia dating back to the mid 1800's, a veritable living history of new york theater history. The foundation maintains and restores the collection. When possible, the organization also adds to the collection.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$28K · 82%
Other revenue$6K · 18%
Investment income$225 · 1%
Contributions & grants82%$28K
Other revenue18%$6K
Investment income1%$225
Total revenueLn 12$35K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.28 Fundraising $0.02
Program services70%$123K
Management & general28%$48K
Fundraising2%$3K
Total functional expensesLn 25$175K

Balance Sheet

Part X · end of year
CashLn 1$362K
Total assetsLn 16$959K
Total liabilitiesLn 26$0
Total net assetsLn 32$959K
Months of cash on handcomputed24.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $959K · Operating expenses/yr $175K
65.8 months
Where the money goes
Program services
Program services $123K · Total expenses $175K
70%
Management & General
Management & general $48K · Total expenses $175K
28%
Fundraising
Fundraising $3K · Total expenses $175K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $28K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $28K · Total revenue $35K
82%
Government reliance
Government grants — · Total revenue $35K
—
Earned-income share
Program service revenue $0 · Total revenue $35K
0%
Investment reliance
Investment income $225 · Total revenue $35K
+0.6%
Program self-sufficiency
Program service revenue $0 · Total expenses $175K
0%
Growth & trend
Revenue growth (YoY)
This year $35K · Prior year $55K
-36%
Net-asset trend (YoY)
End of year $959K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $35K · Expenses $175K
-401%
Liabilities-to-Assets
Total liabilities — · Total assets $959K
—
Net-asset ratio
Net assets $959K · Total assets $959K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $597K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $959K
62%
People & payroll
Highest Reported Total Compensation
Individual Peter Kingsley · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $175K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $175K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 28%——
Fundraising cost ratio 12%——
Revenue growth -36%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$37K
Grants paid · 8 grants · $91K · 2020–2023
Unitemized GrantFY2023$17,813
Unitemized GrantFY2022$17,655
The Actors Fund of AmericaNY · FY2022$7,000
Unitemized GrantFY2021$13,945
The Actors Fund of AmericaNY · FY2021$7,700
Sag-Aftra FoundationCA · FY2021$7,000
Unitemized GrantFY2020$14,525
Sag-Aftra FoundationCA · FY2020$5,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$35K revenue · viewing · ⤓ 990 PDF
FY2022$55K revenue · ⤓ 990 PDF
FY2021$47K revenue · ⤓ 990 PDF
FY2020$89K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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