Louis Armstrong Educational Foundation Inc
- Assets
- $0.0
- Revenue
- $2.6m
- Investments
- $6.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1987
- Data as of
- 06/2021
- EIN
- 13-2659286
Organization Overview
Louis Armstrong Educational Foundation Inc is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louis Armstrong Educational Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Louis Armstrong Educational Foundation Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 9.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Louis Armstrong Educational Foundation Inc has awarded 146 individual grants totaling $4,514,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOUIS ARMSTRONG EMERGENCY FUND FOR JAZZ MUSICIANS: IN APRIL 2020, THE FUND BEGAN MAKING GRANTS TO FREELANCE JAZZ MUSICIANS THAT WERE NEGATIVELY IMPACTED BY THE COVID-19 PANDEMIC. DURING THE YEAR ENDED JUNE 30, 2021, THE FOUNDATION ISSUED A TOTAL OF 330,000 OF GRANTS TO OVER 500 MUSICIANS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Harris Executive Di | 20 | $85,000 | |
Wynton Marsalis President | 5 | $0 | |
Howard Schain Treasurer | 7.5 | $0 | |
David Chevan Secretary | 2.5 | $0 | |
Robin Bell-Stevens Vice-Preside | 5 | $0 | |
George Wein Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $115,032 |
| Interest on Savings | $71 |
| Dividends & Interest | $230,646 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,463,830 |
| Total Revenue | $2,567,808 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,000 |
| Pension plans, employee benefits | $9,401 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $450,238 |
| Contributions, gifts, grants paid | $796,500 |
| Total expenses and disbursements | $1,246,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,019 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $474,339 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Louis Armstrong Educational Foundation Inc has awarded $466,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY - CENTER FOR PURPOSE: GENERAL | $120,500 |
LOUIS ARMSTRONG DEPT OF MUSIC PURPOSE: GENERAL | $75,000 |
LOUIS SATCHMO ARMSTRONG SUMMER PURPOSE: GENERAL | $60,000 |
ASCAP FOUNDATION PURPOSE: GENERAL | $60,000 |
New York, NY PURPOSE: GENERAL | $60,000 |
NEW ORLEANS JAZZ MUSEUM PURPOSE: GENERAL | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Louis Armstrong Educational Foundation Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
The Gramercy Park Foundation Inc New York, NY PURPOSE: EDUCATION | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
Dudley Square Realty Corporation Boston, MA | $98,074,702 | $123 |
Stockton Affiliated Services Inc Galloway, NJ | $3,017,488 | $12,674,409 |
Auxiliary Campus Enterprises And Services State University College Alfred, NY | $11,814,689 | $16,740,654 |
College Of Staten Island Auxiliary Services Corp Inc Staten Island, NY | $62,695,629 | $9,780,570 |
American Friends Of The National Gallery London Inc New York, NY | $305,852,204 | $2,300,126 |
Auxiliary Services Corporation Of Suny Cortland Cortland, NY | $19,099,097 | $10,450,642 |
The Roosevelt Institute New York, NY | $39,947,474 | $14,561,739 |