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Richard S And Karen Lefrak Charitable Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$3.29M (2023)

Expenses
$3.75M (2023)

Total Assets
$10.9M (2023)

Total Liabilities
$0 (2023)

Years with missing data
Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Nov.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,285,623
Expenses
$3,746,543
Net Income
-$460,920
Net Assets
$10,936,808
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,459,631
> 100%
Interest Revenue $22,460
0.7%
Dividends $244,389
7.4%
Sales of Assets -$440,857
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,690,784
98.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,936,808
Total Liabilities $0
Net Assets $10,936,808
Compensation
Key Employees and Officers Compensation Other
Thomas A Varley End 62023 (Director & President) $0 $0
Brian Mclean (Director & Executive Vice President) $0 $0
Jay Mchugh (Director & Vice President) $0 $0
Joshua Grant (Director) $0 $0

Document Links

Fiscal Year Ending Nov.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,991
Expenses
$2,952,175
Net Income
-$2,934,184
Net Assets
$11,391,086
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $625
3.5%
Dividends $104,889
> 100%
Sales of Assets -$87,523
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,895,241
98.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,391,086
Total Liabilities $0
Net Assets $11,391,086
Compensation
Key Employees and Officers Compensation Other
Thomas A Varley (Director & President) $0 $0
Linda Durso End 112022 (Treasurer) $0 $0
Brian Mclean (Director & Secretary) $0 $0

Document Links

Fiscal Year Ending Nov.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,645,759
Expenses
$2,322,628
Net Income
$1,323,131
Net Assets
$14,322,030
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,500,000
96.0%
Interest Revenue $0
Dividends $145,759
4.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,131,778
91.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $14,322,030
Total Liabilities $0
Net Assets $14,322,030
Compensation
Key Employees and Officers Compensation Other
Thomas A Varley (Director & President) $0 $0
Heather M Drysdale End 82021 (Director & Secretary) $0 $0
Linda Durso (Treasurer) $0 $0

Document Links

Fiscal Year Ending Nov.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,883,283
Expenses
$8,474,312
Net Income
$3,408,971
Net Assets
$12,998,898
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $11,300,000
95.1%
Interest Revenue $0
Dividends $247,298
2.1%
Sales of Assets $335,985
2.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,252,185
97.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,998,899
Total Liabilities $1
Net Assets $12,998,898
Compensation
Key Employees and Officers Compensation Other
Thomas A Varley (Director & President) $0 $0
Heather M Drysdale (Director & Secretary) $0 $0
Linda Durso (Treasurer) $0 $0

Document Links

Fiscal Year Ending Nov.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,891,219
Expenses
$5,484,576
Net Income
-$2,593,357
Net Assets
$9,589,927
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,586,972
89.5%
Interest Revenue $0
Dividends $302,762
10.5%
Sales of Assets $0
Other Income $11,514
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,411,423
98.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,589,928
Total Liabilities $1
Net Assets $9,589,927
Compensation
Key Employees and Officers Compensation Other
Thomas A Varley (Director & President) $0 $0
Heather M Drysdale (Director & Secretary) $0 $0
Linda Durso (Treasurer) $0 $0

Document Links

Fiscal Year Ending Nov.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,174,018
Expenses
$3,892,866
Net Income
$8,281,152
Net Assets
$14,589,785
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,723,992
71.7%
Interest Revenue $0
Dividends $22,036
0.2%
Sales of Assets $3,363,682
27.6%
Other Income $64,308
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,646,075
93.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $14,589,785
Total Liabilities $0
Net Assets $14,589,785
Compensation
Key Employees and Officers Compensation Other
Thomas A Varley (Director & President) $0 $0
Heather M Drysdale (Director & Secretary) $0 $0
Linda Durso (Treasurer) $0 $0

Document Links

Fiscal Year Ending Nov.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$591,531
Expenses
$2,995,494
Net Income
-$2,403,963
Net Assets
$6,308,633
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $274,541
46.4%
Interest Revenue $0
Dividends $3,234
0.5%
Sales of Assets $215,945
36.5%
Other Income $97,811
16.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,790,923
93.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,308,633
Total Liabilities $0
Net Assets $6,308,633

Document Links

Fiscal Year Ending Nov.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,348,896
Expenses
$2,799,818
Net Income
$2,549,078
Net Assets
$8,955,179
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,899,418
54.2%
Interest Revenue $0
Dividends $56,723
1.1%
Sales of Assets $2,107,391
39.4%
Other Income $285,364
5.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,408,575
86.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $8,955,179
Total Liabilities $0
Net Assets $8,955,179
Compensation
Key Employees and Officers Compensation Other
Heather M Drysdale (Director, President & Secretary) $0 $0
Linda Durso (Treasurer) $0 $0

Document Links

Fiscal Year Ending Nov.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,323,420
Expenses
$2,779,921
Net Income
$6,543,499
Net Assets
$8,072,135
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,199,794
87.9%
Interest Revenue $0
Dividends $89,814
1.0%
Sales of Assets $881,244
9.5%
Other Income $152,568
1.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,552,287
91.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $8,072,135
Total Liabilities $0
Net Assets $8,072,135

Document Links

Fiscal Year Ending Nov.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,025,138
Expenses
$3,630,115
Net Income
-$604,977
Net Assets
$1,546,486
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,000,000
99.2%
Interest Revenue $0
Dividends $14,529
0.5%
Sales of Assets $10,609
0.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,604,220
99.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,546,486
Total Liabilities $0
Net Assets $1,546,486

Document Links

Fiscal Year Ending Nov.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,979,140
Expenses
$2,949,878
Net Income
$29,262
Net Assets
$2,151,463
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,000,000
> 100%
Interest Revenue $0
Dividends $3,839
0.1%
Sales of Assets $0
Other Income $1,311
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,941,937
99.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,151,463
Total Liabilities $0
Net Assets $2,151,463

Document Links

Fiscal Year Ending Nov.
2010

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,002,499
Expenses
$2,802,932
Net Income
$199,567
Net Assets
$2,122,201
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,000,000
99.9%
Interest Revenue $0
Dividends $32,166
1.1%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,791,065
99.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,122,201
Total Liabilities $0
Net Assets $2,122,201

Document Links

Fiscal Year Ending Nov.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2000

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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