Nonprofits/Organizations/27-4349693
Active
501(c)(3)
T22 · Philanthropy, Voluntarism & Grantmaking
Form 990

Sol and Mildred Lederman Supporting Foundation

DBA: THE SOL AND MILDRED LEDERMAN FOUNDATION

EIN 27-4349693NEW YORK, NY 100221302Founded 2010WebsiteIRS Tax Year 2022 · Period ending June 30, 2023
Mission Statement

SUPPORTS THE MISSION OF UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK, INC.

IRS Tax Year 2022

Period ending June 30, 2023

Tax years 2023, 2024 filings not yet available. This is the most recent filing on record.

Total Revenue

$0

-100.0%YoY

Total Expenses

$100K

+78.7%YoY

Net Assets

$1.3M

0%YoY

Employees

0

Grants Paid

$100K

Program Expense Ratio

99.9%

This nonprofit profile presents IRS Form 990 tax filing data for Sol and Mildred Lederman Supporting Foundation (EIN: 27-4349693), based on the 2022 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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RoundPaper IndicatorsTax Year 2022

Financial Health

Revenue declined -100.0% to $0
Program spending ratio of 99.9% — excellent
160.9 months of operating reserves — strong cushion
Expenses increased +78.7% year-over-year

Transparency

Conflict of interest policy adopted
Whistleblower policy in place
Financial statements independently audited
5-member board, 3 independent

Compensation

Top compensation: $224,516 (SECRETARY/TREASURER/TRUSTEE)
Top exec pay is 224.3% of total expenses — elevated
Schedule J filed for 2 individuals — detailed disclosure
No executive perks reported

Program Effectiveness

1 program reported
99.9% of spending goes to programs
No programs generate independent revenue
$100K in grants paid to other organizations

Financial Stability

Debt-to-asset ratio of 4.3% — low leverage
0.1 months cash runway — tight liquidity
Net assets trending upward over recent filings

Risk Flags

No insider or excess benefit transactions
No material diversion or misuse reported
Family or business relationships among officers/directors

Indicators derived from IRS Form 990 data. Not financial advice.

Organization Summary

Sol and Mildred Lederman Supporting Foundation is a 501(c)(3) nonprofit headquartered in NEW YORK, NY, founded in 2010. It is classified under NTEE code T22 (Private Independent Foundations), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2011. In its 2022 filing, the organization reported $0 in total revenue, a 100.0% decrease from the prior year, and $100K in total expenses. STANLEY BAUMBLATT, SECRETARY/TREASURER/TRUSTEE, is the highest-compensated individual at $224,516. The organization runs 1 program, totaling $100K in program expenses. 5 of 6 recommended governance policies are in place.

Sol and Mildred Lederman Supporting Foundation is classified under NTEE code T22 (Private Independent Foundations), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 21.

Programs(Tax Year 2022)

1 record

Programs Overview

Sol and Mildred Lederman Supporting Foundation operates 1 program, with total program expenses of $100K. Sol and Mildred Lederman Supporting Foundation's largest program accounts for 100% of total program spending.

1
Program 1Expenses: $100,000

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 2020–2022)

3 records

Financial Highlights

Over the past 3 years, Sol and Mildred Lederman Supporting Foundation's revenue has declined from $127K to $0, a 100.0% decrease. Program expenses represent 100% of total spending.

Revenue decreased 100.0% year-over-year, while expenses grew 78.7%.

Sol and Mildred Lederman Supporting Foundation allocates 100% to programs, 0% to management and general.

Sol and Mildred Lederman Supporting Foundation distributed $100K in grants to other organizations and individuals, representing 100% of total expenses.

Over 3 filings from 2020–2022, Sol and Mildred Lederman Supporting Foundation declined revenue from $127K to $0 (-100.0%) while maintaining a program expense ratio of 100%.

Sol and Mildred Lederman Supporting Foundation holds $1.4M in total assets against $60K in liabilities (debt-to-asset ratio of 4%). The organization has 160.9 months of operating reserves. Cash and equivalents of $787 cover approximately 0.1 months of expenses.

Revenue

YearTotal RevenueContributionsGov't GrantsProgram RevenueInvestment
2022$0$0$0$0$0
2021$86K$0$0$0$86K
2020$127K$0$0$0$127K

Expenses

YearTotal ExpensesProgramManagementFundraisingGrants Paid
2022$100K$100K$75$0$100K
2021$56K$50K$6K$0$50K
2020$35K$25K$10K$0$25K

Program Expense Ratio

99.9%

Admin Expense Ratio

0.1%

Fundraising Efficiency

Operating Reserve

160.9 mo

People & Compensation(Tax Year 2022)

5 records

Compensation Summary

Sol and Mildred Lederman Supporting Foundation reported compensation for 5 officers and key employees. Total officer compensation was $445K, representing 444.5% of total expenses.

Sol and Mildred Lederman Supporting Foundation's highest-compensated individual received $225K in total compensation. Total officer compensation of $445K represents 444.5% of total expenses.

NameTitleTypeHours/wkComp from OrgRelated OrgsTotal
STANLEY BAUMBLATTSECRETARY/TREASURER/TRUSTEE
OfficerDirector
1.00$0$187,127$224,516
CURTIS SOBINTRUSTEE
Director
1.00$0$159,943$220,270
ELLEN ROSENMANPRESIDENT/TRUSTEE
OfficerDirector
$0$0$0
LAWRENCE GOTTLIEBTRUSTEE
Director
$0$0$0
HAYLEY REJWANTRUSTEE
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

CURTIS SOBIN

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Governance & Compliance(Tax Year 2022)

Governance Snapshot

Sol and Mildred Lederman Supporting 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.

Sol and Mildred Lederman Supporting Foundation's financial statements are audited, an audit committee oversees the process.

Sol and Mildred Lederman Supporting Foundation has family or business relationships among officers, directors, or key employees.

Policies & Oversight

Conflict of interest policy
Whistleblower policy
Document retention policy
CEO compensation review process
Other officer compensation review
990 provided to governing body
Board members5
Independent members3

Audit & Financial Oversight

Financial statements audited
Independent audit
Audit committee
Federal grant audit required

Grants Awarded(Tax Year 2022)

6 records

Grantmaking Summary

Sol and Mildred Lederman Supporting Foundation awarded $100K across 6 grants to organizations. Top recipients include MID-ISLAND Y JEWISH COMMUNITY CENTER (PLAINVIEW, NY) — $20K for for general charitable purposes; NORTHWELL HEALTH (WESTBURY, NY) — $20K for for general charitable purposes; THE SAFE CENTER LONG ISLAND (BETHPAGE, NY) — $20K for for general charitable purposes.

Organization Grants

RecipientLocationAmountPurpose
MID-ISLAND Y JEWISH COMMUNITY CENTER111841899PLAINVIEW, NY$20KFOR GENERAL CHARITABLE PURPOSES
NORTHWELL HEALTH113418133WESTBURY, NY$20KFOR GENERAL CHARITABLE PURPOSES
THE SAFE CENTER LONG ISLAND112442377BETHPAGE, NY$20KFOR GENERAL CHARITABLE PURPOSES
UJA-FEDERATION OF NEW YORK510172429NEW YORK, NY$20KGRANT TO SUPPORTED ORGANIZATION
AMERICAN SOCIETY FOR TECHNION - ISRAEL INSTITUTE OF TECHNOLOGY INC130434195NEW YORK, NY$10KFOR GENERAL CHARITABLE PURPOSES
THE COMMUNITY SYNAGOGUE111992681PORT WASHINGTON, NY$10KFOR GENERAL CHARITABLE PURPOSES

Filing History(Tax Years 2011–2022)

3 records

Showing the 3 Form 990 filings currently in our system.

Tax YearFormPeriodRevenueExpensesNet Assets
2022
990
2022-07-01 – 2023-06-30$0$100K$1.3M
2021
990
2021-07-01 – 2022-06-30$86K$56K$1.3M
2020
990
2020-07-01 – 2021-06-30$127K$35K$1.5M
2011–2019No filings acquired yet

Frequently Asked Questions

What does Sol and Mildred Lederman Supporting Foundation do?

SUPPORTS THE MISSION OF UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK, INC.

How much revenue does Sol and Mildred Lederman Supporting Foundation have?

Sol and Mildred Lederman Supporting Foundation reported $0 in total revenue for tax year 2022, down 100.0% from the prior year.

Who is the highest-paid executive at Sol and Mildred Lederman Supporting Foundation?

STANLEY BAUMBLATT, SECRETARY/TREASURER/TRUSTEE, received $224,516 in total compensation as of tax year 2022.

Is Sol and Mildred Lederman Supporting Foundation a 501(c)(3)?

Yes, Sol and Mildred Lederman Supporting Foundation is classified as a 501(c)(3) tax-exempt organization.

Where is Sol and Mildred Lederman Supporting Foundation located?

Sol and Mildred Lederman Supporting Foundation is headquartered in NEW YORK, NY 100221302.

What type of nonprofit is Sol and Mildred Lederman Supporting Foundation?

Sol and Mildred Lederman Supporting Foundation is classified under NTEE code T22 (Private Independent Foundations), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.

Is Sol and Mildred Lederman Supporting Foundation audited?

Yes, Sol and Mildred Lederman Supporting Foundation's financial statements are audited, and the organization has an audit committee.

Does Sol and Mildred Lederman Supporting Foundation give grants?

Yes, Sol and Mildred Lederman Supporting Foundation distributed $100,000 in grants to other organizations and individuals in tax year 2022. Top recipients include MID-ISLAND Y JEWISH COMMUNITY CENTER, NORTHWELL HEALTH, THE SAFE CENTER LONG ISLAND.

Data Source

IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.

Publicly available IRS data
Verified filing records
Updated quarterly
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