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Lambs Foundation INC FY2021 filing

Tax-deductible

New York, NY501(c)(3)EIN 13-6138296Revenue $47K in FY2021

On file with the IRSthelambsfoundation.org3 West 51st Street 5th Floor, 10019-6909 · New York, NYTax-exempt since Mar 1949Publicly supported — 509(a)(2)

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

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $133K a year · 235% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 22.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $37K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$47K
-47% vs prior year
Spent
$204K
To programs
77%
Net assets
$1.4M
By yearFY2020–FY2023
Revenue
$47K
FY2021▼ -47%
Tap a bar for its year
Revenue by fiscal year
FY2020$89K
FY2021$47K
FY2022$55K
FY2023$35K
Expenses
$204K
FY2021▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$153K
FY2021$204K
FY2022$225K
FY2023$175K
Net assets
$1.4M
FY2021▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.4M
FY2022$1.1M
FY2023$959K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Mar 1949.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $156K Management & general 21% · $44K Fundraising 2% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Marc Baron
President
$0Pt VII · Sec A
Peter Kingsley
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Deborah Stone
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lambs Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports nonprofit theater groups and arts education.

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Provided by the organization

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2 programs · $156K · in their own filed words · FY2021
01

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

$156Kprogram 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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Smith Winchell Est TrFY2024$37K
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

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$47K
Ln 12
Gifts and grantsLn 1h$26K
Investment incomeLn 3$19K
Other incomeLn 4–11$2K
Money outPt IX
$204K
Ln 25
Programscol B$156K
Managementcol C$44K
Fundraisingcol D$4K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$374K
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26K
Investment incomeLn 3$19K
Other incomeLn 4–11$2K
Total revenueLn 12$47K
Assets in detailPt X, end of year
CashLn 1$363K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$374K
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$469K$374K
InvestmentsLn 11–13$1.1M$1.0M
Land, buildings, equipmentLn 10c$7K$2K
Total assetsLn 16$1.6M$1.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.6M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$73K$73K
Grants to domestic individualsLn 2$14K$14K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$1K$1K$31
OccupancyLn 16$50K$35K$12K$2K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$58K$28K$29K$2K
All other expensesLn 24e$34$34
Total functional expensesLn 25$204K$156K$44K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $35K$175K−$140K$959K 990 PDF
FY2022 $55K$225K−$170K$1.1M 990 PDF
FY2021 Viewing $47K$204K−$157K$1.4M 990 PDF
FY2020 $89K$153K−$64K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $47,058 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $49,699$26,128
I-9 Program service revenue$0
I-10 Investment incomePrior year $19,225$18,506
I-11 Other revenuePrior year $19,869$2,424
I-12 Total revenuePrior year $88,793$47,058
I-13 Grants and similar amounts paidPrior year $68,786$86,845
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $83,773$117,224
I-18 Total expensesPrior year $152,559$204,069
I-19 Revenue less expensesPrior year −$63,766−$157,011
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $47,058 across 5 lines filed
VIII-1f All other contributions, gifts and grants$26,128
VIII-1h Total contributions, gifts and grants$26,128
VIII-3 Investment incomeExcluded from tax $18,506$18,506
VIII-5 RoyaltiesExcluded from tax $2,424$2,424
VIII-12 Total revenueExcluded from tax $20,930$47,058
Part IX · Statement of functional expenses $204,069 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $72,900$72,900
IX-2 Grants to domestic individualsPrograms $13,945$13,945
IX-11c Accounting feesManagement $1,431$1,431
IX-13 Office expensesPrograms $1,042 · Management $31$1,073
IX-16 OccupancyPrograms $34,954 · Management $12,483 · Fundraising $2,497$49,934
IX-22 Depreciation, depletion and amortizationPrograms $5,191$5,191
IX-23 InsuranceManagement $1,156$1,156
IX-24 Other expenses (24a–d)Programs $28,151 · Management $28,558 · Fundraising $1,696$58,405
IX-24e All other expensesManagement $34$34
IX-25 Total functional expensesPrograms $156,183 · Management $43,693 · Fundraising $4,193$204,069
Part X · Balance sheet $1,418,224 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $457,979$362,750
X-2 Savings and temporary cash investmentsStart of year $10,811$10,840
X-10c Land, buildings and equipment, netStart of year $6,921$1,730
X-11 Publicly traded securitiesStart of year $1,104,296$1,042,904
X-16 Total assetsStart of year $1,580,007$1,418,224
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,580,007$1,418,224
X-32 Total net assets or fund balancesStart of year $1,580,007$1,418,224
X-33 Total liabilities and net assetsStart of year $1,580,007$1,418,224
Part XI · Reconciliation of net assets $1,418,224 net assets at year end
XI-1 Total revenue$47,058
XI-2 Total expenses$204,069
XI-3 Revenue less expenses−$157,011
XI-4 Net assets at start of year$1,580,007
XI-5 Net unrealized gains (losses) on investments−$4,772
XI-10 Net assets at end of year$1,418,224

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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