Richard Lounsbery Foundation Inc
- Assets
- $24.6m
- Revenue
- $3.6m
- Investments
- $23.8m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1960
- Data as of
- 12/2022
- EIN
- 13-6081860
Organization Overview
Richard Lounsbery Foundation Inc is located in Washington, DC. The organization was established in 1960. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard Lounsbery 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 12/2022, Richard Lounsbery Foundation Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 4 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 2020, Richard Lounsbery Foundation Inc has awarded 174 individual grants totaling $10,454,123. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse H Ausubel Chairman | 5 | $50,000 | |
David D Sabatini Vice Chairman | 2 | $20,000 | |
June Yearwood Treasurer | 5 | $0 | |
Maxmillian Angerholzer III Director | 5 | $20,000 | |
Catherine Dulac Director | 2 | $20,000 | |
Rose E Gottemoeller Director | 2 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,340,000 |
| Interest on Savings | $69 |
| Dividends & Interest | $742,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $528,532 |
| Capital Gain Net Income | $528,532 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,611,461 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $291,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $32,946 |
| Interest | $0 |
| Taxes | $17,641 |
| Depreciation | $349 |
| Occupancy | $21,417 |
| Travel, conferences, and meetings | $30,108 |
| Printing and publications | $0 |
| Other expenses | $26,080 |
| Total operating and administrative expenses | $608,607 |
| Contributions, gifts, grants paid | $3,574,209 |
| Total expenses and disbursements | $4,182,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,696 |
| Savings and temporary cash investments | $674,419 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,536,423 |
| Net Land, buildings, and equipment | $176 |
| Other assets | $0 |
| Total assets | $24,608,459 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Richard Lounsbery Foundation Inc has awarded $3,574,209 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR MARITIME RESEARCH AND EXPERIMENTATION PURPOSE: EMPOWERING NATO'S TECHNOLOGICAL EDGE: ENVIRONMENTAL DIMENSIONS | $300,000 |
COLD SPRING HARBOR LABORATORY DNA LEARNING CENTER PURPOSE: VIDEOS AND ANIMATIONS TO EXPLAIN ENVIRONMENTAL DNA TO A BROAD AUDIENCE | $110,873 |
TRUSTEES OF BOSTON UNIVERSITY PURPOSE: CONSERVATION BIOLOGY TEXTBOOK FOR AFRICA: SECOND EDITION AND FRENCH TRANSLATION | $40,000 |
NEW PARNASSUS INCORPORATED PURPOSE: SEED FUNDING FOR A NEW OPERA ABOUT NAPOLEON EXPLORING ALTERNATIVE HISTORICAL OUTCOMES | $125,000 |
STEM ADVOCACY INSTITUTE PURPOSE: SAI FELLOWS PROGRAM - LAUNCHING THE NEXT GENERATION OF INFORMAL STEM PROGRAMS | $49,795 |
HUMANUS DOCUMENTARY FILMS FOUNDATION PURPOSE: JAZZ IN PARIS DOCUMENTARY - THE FRANCO-AMERICAN JOY OF SWING | $54,500 |