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Bruce And Karen Levenson Family Foundation Inc

  • Mclean, VA
  • Tax-exempt since Aug. 2016
  • EIN: 47-4630940

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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$233k (2023)

Expenses
$5.27M (2023)

Total Assets
$7.64M (2023)

Total Liabilities
$0 (2023)

Years with missing data
Source: Form 990 tax filings from 2015 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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$233,196
Expenses
$5,266,697
Net Income
-$5,033,501
Net Assets
$7,638,909
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $187,094
80.2%
Sales of Assets -$28,544
Other Income $74,646
32.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,262,783
99.9%
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 $7,638,909
Total Liabilities $0
Net Assets $7,638,909
Compensation
Key Employees and Officers Compensation Other
Bruce D Levenson (Director, President) $0 $0
Karen L Levenson (Director, Secretary) $0 $0
Scott Levenson (Director, Vp, Treasurer) $0 $0
Brian Levenson (Director, Vp) $0 $0
Michael Levenson (Director, Vp) $0 $0
Tamara Levenson (Director) $0 $0
Robin Levenson (Director) $0 $0
Samantha Levenson (Director) $0 $0
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Document Links

990-PF
Filed on Nov. 12, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$431,685
Expenses
$2,050,791
Net Income
-$1,619,106
Net Assets
$12,570,486
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $353,162
81.8%
Sales of Assets -$68,114
Other Income $146,637
34.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,000,000
97.5%
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 $12,570,486
Total Liabilities $0
Net Assets $12,570,486
Compensation
Key Employees and Officers Compensation Other
Bruce D Levenson (Director, President) $0 $0
Karen L Levenson (Director, Secretary) $0 $0
Scott Levenson (Director, Vp, Treasurer) $0 $0
Brian Levenson (Director, Vp) $0 $0
Michael Levenson (Director, Vp) $0 $0
Tamara Levenson (Director) $0 $0
Robin Levenson (Director) $0 $0
Samantha Levenson (Director) $0 $0
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Document Links

990-PF
Filed on Nov. 10, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,573,581
Expenses
$110,806
Net Income
$1,462,775
Net Assets
$14,190,945
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $421,071
26.8%
Sales of Assets $1,012,199
64.3%
Other Income $140,311
8.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $250
0.2%
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 $14,190,945
Total Liabilities $0
Net Assets $14,190,945
Compensation
Key Employees and Officers Compensation Other
Bruce D Levenson (Director, President) $0 $0
Karen L Levenson (Director, Secretary) $0 $0
Scott Levenson (Director, Vp, Treasurer) $0 $0
Brian Levenson (Director, Vp) $0 $0
Michael Levenson (Director, Vp) $0 $0
Tamara Levenson (Director) $0 $0
Robin Levenson (Director) $0 $0
Samantha Berschler (Director) $0 $0
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Document Links

990-PF
Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,689,399
Expenses
$7,791,348
Net Income
-$6,101,949
Net Assets
$21,568,555
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6,016
0.4%
Dividends $818,410
48.4%
Sales of Assets $864,973
51.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,633,336
98.0%
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 $21,568,556
Total Liabilities $1
Net Assets $21,568,555
Compensation
Key Employees and Officers Compensation Other
Bruce D Levenson (Director, President) $0 $0
Karen L Levenson (Director, Secretary) $0 $0
Scott Levenson (Director, Vp, Treasurer) $0 $0
Brian Levenson (Director, Vp) $0 $0
Michael Levenson (Director, Vp) $0 $0
Tamara Levenson (Director) $0 $0
Robin Levenson (Director) $0 $0
Samantha Pevarofff Berschler (Director) $0 $0
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Document Links

990-PF
Filed on Oct. 14, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,554,529
Expenses
$1,659,609
Net Income
-$105,080
Net Assets
$27,657,093
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $28,686
1.8%
Dividends $777,465
50.0%
Sales of Assets $748,378
48.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,403,335
84.6%
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 $27,657,093
Total Liabilities $0
Net Assets $27,657,093
Compensation
Key Employees and Officers Compensation Other
Bruce D Levenson (Director, President) $0 $0
Karen L Levenson (Director, Secretary) $0 $0
Scott Levenson (Director, Vp, Treasurer) $0 $0
Brian Levenson (Director, Vp) $0 $0
Michael Levenson (Director, Vp) $0 $0
Tamara Levenson (Director) $0 $0
Robin Levenson (Director) $0 $0
Samantha Pevarofff Berschler (Director) $0 $0
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Document Links

990-PF
Filed on Oct. 30, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,320,886
Expenses
$11,044,939
Net Income
$1,275,947
Net Assets
$27,767,958
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $17,703
0.1%
Dividends $884,674
7.2%
Sales of Assets $11,418,509
92.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,910,000
98.8%
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 $27,767,958
Total Liabilities $0
Net Assets $27,767,958
Compensation
Key Employees and Officers Compensation Other
Bruce D Levenson (Director, President) $0 $0
Karen L Levenson (Director, Secretary) $0 $0
Scott Levenson (Director, Vp, Treasurer) $0 $0
Brian Levenson (Director, Vp) $0 $0
Michael Levenson (Director, Vp) $0 $0
Tamara Levenson (Director) $0 $0
Robin Levenson (Director) $0 $0
Samantha Berschler (Director) $0 $0
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Document Links

990-PF
Filed on Nov. 6, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,975,690
Expenses
$0
Net Income
$15,975,690
Net Assets
$14,032,929
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $15,971,958
100.0%
Interest Revenue $124
0.0%
Dividends $3,608
0.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $14,032,929
Total Liabilities $0
Net Assets $14,032,929

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

About This Data

What Is 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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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

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E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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