Litowitz Foundation Inc

Miami, FL
Tax-exempt since Aug. 1997
EIN: 65-0763609

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Revenue

$497k (2023)

Expenses

$686k (2023)

Total Assets

$13.8M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 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

Revenue

$497,397

Expenses

$686,222

Net Income

-$188,825

Net Assets

$13,792,872

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$342,555	68.9%
Sales of Assets	$125,180	25.2%
Other Income	$29,662	6.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$636,059	92.7%
Compensation of Officers*	$45,600	6.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,792,872
Total Liabilities	$0
Net Assets	$13,792,872

Compensation

Key Employees and Officers	Compensation	Other
Budd Litowitz (Pres./Treas.)	$39,200	$0
Deana Litowitz (Vp)	$3,200	$0
Arthur Litowitz (Secretary)	$3,200	$0

990-PF

Filed on Jan. 17, 2025

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

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Fiscal Year Ending Dec.
2022

Revenue

$343,315

Expenses

$852,323

Net Income

-$509,008

Net Assets

$13,160,932

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$283,674	82.6%
Sales of Assets	$64,296	18.7%
Other Income	-$4,655

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$814,782	95.6%
Compensation of Officers*	$36,000	4.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,160,932
Total Liabilities	$0
Net Assets	$13,160,932

Compensation

Key Employees and Officers	Compensation	Other
Budd Litowitz (Pres./Treas.)	$36,000	$0
Susan Litowitz (Vp)	$0	$0
Arthur Litowitz (Secretary)	$0	$0

990-PF

Filed on Nov. 9, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,804,395

Expenses

$924,995

Net Income

$879,400

Net Assets

$15,540,394

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$369,138	20.5%
Sales of Assets	$1,355,396	75.1%
Other Income	$79,861	4.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$840,179	90.8%
Compensation of Officers*	$40,800	4.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,540,394
Total Liabilities	$0
Net Assets	$15,540,394

Compensation

Key Employees and Officers	Compensation	Other
Budd Litowitz (Pres./Treas.)	$37,600	$0
Susan Litowitz (Vp)	$1,600	$0
Arthur Litowitz (Secretary)	$1,600	$0

990-PF

Filed on Nov. 4, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

-$225,459

Expenses

$813,931

Net Income

-$1,039,390

Net Assets

$14,386,425

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$304,949
Sales of Assets	$0
Other Income	$76,900

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$764,323	93.9%
Compensation of Officers*	$45,000	5.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,386,426
Total Liabilities	$1
Net Assets	$14,386,425

Compensation

Key Employees and Officers	Compensation	Other
Budd Litowitz (Pres./Treas.)	$39,000	$0
Susan Litowitz (Vp)	$3,000	$0
Arthur Litowitz (Secretary)	$3,000	$0
Donna Litowitz (Director)	$0	$0

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990-PF

Filed on Nov. 5, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$662,765

Expenses

$936,032

Net Income

-$273,267

Net Assets

$14,802,670

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$446,880	67.4%
Sales of Assets	$153,956	23.2%
Other Income	$61,929	9.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$888,911	95.0%
Compensation of Officers*	$36,000	3.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,802,671
Total Liabilities	$1
Net Assets	$14,802,670

Compensation

Key Employees and Officers	Compensation	Other
Budd Litowitz (Pres./Treas.)	$36,000	$0
Susan Litowitz (Vp)	$0	$0
Arthur Litowitz (Secretary)	$0	$0
Donna Litowitz (Director)	$0	$0

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990-PF

Filed on Nov. 11, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$523,526

Expenses

$1,132,396

Net Income

-$608,870

Net Assets

$13,583,055

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150,000	28.7%
Interest Revenue	$0
Dividends	$382,038	73.0%
Sales of Assets	$16,230	3.1%
Other Income	-$24,742

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,007,975	89.0%
Compensation of Officers*	$45,600	4.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,583,055
Total Liabilities	$0
Net Assets	$13,583,055

Compensation

Key Employees and Officers	Compensation	Other
Budd Litowitz (Pres./Treas.)	$38,400	$0
Susan Litowitz (Vp)	$2,400	$0
Arthur Litowitz (Secretary)	$2,400	$0
Donna Litowitz (Director)	$2,400	$0

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990-PF

Filed on Nov. 7, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$980,838

Expenses

$969,856

Net Income

$10,982

Net Assets

$15,351,070

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$349,490	35.6%
Sales of Assets	$658,122	67.1%
Other Income	-$26,774

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$827,012	85.3%
Compensation of Officers*	$36,000	3.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,351,070
Total Liabilities	$0
Net Assets	$15,351,070

Compensation

Key Employees and Officers	Compensation	Other
Budd Litowitz (Vp)	$36,000	$0
Robert Litowitz (Pres./Treas.)	$0	$0
Donna Litowitz (Vp / Sec.)	$0	$0
Susan Litowitz (Director)	$0	$0
Arthur Litowitz (Director)	$0	$0

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990-PF

Filed on Oct. 29, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$419,952

Expenses

$826,982

Net Income

-$407,030

Net Assets

$15,230,474

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$302,978	72.1%
Sales of Assets	$95,258	22.7%
Other Income	$21,716	5.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$707,027	85.5%
Compensation of Officers*	$48,000	5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,230,474
Total Liabilities	$0
Net Assets	$15,230,474

Compensation

Key Employees and Officers	Compensation	Other
Budd Litowitz (Vp)	$38,400	$0
Robert Litowitz (Pres./Treas.)	$2,400	$0
Donna Litowitz (Vp / Sec.)	$2,400	$0
Susan Litowitz (Director)	$2,400	$0
Arthur Litowitz (Director)	$2,400	$0

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990-PF

Filed on Nov. 7, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$3,501,392

Expenses

$867,035

Net Income

$2,634,357

Net Assets

$14,545,395

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$270,106	7.7%
Sales of Assets	$1,442,772	41.2%
Other Income	$1,788,514	51.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$801,764	92.5%
Compensation of Officers*	$36,000	4.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,545,395
Total Liabilities	$0
Net Assets	$14,545,395

Compensation

Key Employees and Officers	Compensation	Other
Budd Litowitz (Vp)	$36,000	$0
Robert Litowitz (Pres./Treas.)	$0	$0
Donna Litowitz (Vp / Sec.)	$0	$0
Susan Litowitz (Director)	$0	$0
Arthur Litowitz (Director)	$0	$0

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990-PF

Filed on Nov. 2, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$8,034,785

Expenses

$1,090,661

Net Income

$6,944,124

Net Assets

$20,409,604

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$176,058	2.2%
Sales of Assets	$5,966,236	74.3%
Other Income	$1,892,491	23.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$913,396	83.7%
Compensation of Officers*	$6,000	0.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,527,147
Total Liabilities	$117,543
Net Assets	$20,409,604

Compensation

Key Employees and Officers	Compensation	Other
Robert Litowitz (Pres./Treas.)	$1,200	$0
Donna Litowitz (Vp / Sec.)	$1,200	$0
Budd Litowitz (Vp)	$1,200	$0
Susan Litowitz (Director)	$1,200	$0
Arthur Litowitz (Director)	$1,200	$0

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990-PF

Filed on Nov. 3, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$864

Expenses

$753,124

Net Income

-$752,260

Net Assets

$18,397,701

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$172,177	> 100%
Sales of Assets	$10,761	> 100%
Other Income	-$182,074

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$706,069	93.8%
Compensation of Officers*	$6,000	0.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,397,701
Total Liabilities	$0
Net Assets	$18,397,701

Compensation

Key Employees and Officers	Compensation	Other
Robert Litowitz (Pres./Treas.)	$1,200	$0
Donna Litowitz (Vp / Sec.)	$1,200	$0
Budd Litowitz (Vp)	$1,200	$0
Susan Litowitz (Director)	$1,200	$0
Arthur Litowitz (Director)	$1,200	$0

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990-PF

Filed on July 31, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$9,789

Expenses

$728,899

Net Income

-$719,110

Net Assets

$14,690,162

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$162,058	> 100%
Sales of Assets	$0
Other Income	-$133,695

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$651,102	89.3%
Compensation of Officers*	$6,000	0.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,690,163
Total Liabilities	$1
Net Assets	$14,690,162

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

-$182,887

Expenses

$537,040

Net Income

-$719,927

Net Assets

$13,616,284

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$160,039
Sales of Assets	$0
Other Income	-$250,483

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$509,940	95.0%
Compensation of Officers*	$6,000	1.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,616,285
Total Liabilities	$1
Net Assets	$13,616,284

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

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Litowitz Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $497k (2023)

Expenses $686k (2023)

Total Assets $13.8M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$497k (2023)

Expenses

$686k (2023)

Total Assets

$13.8M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

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2021

Fiscal Year Ending Dec.
2020

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2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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