Foundation For Louisiana
- Assets
- $16.3m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 29
- Location
- New Orleans, LA
- Founding
- 09/2005
- Data as of
- 06/2023
- EIN
- 20-3399944
Organization Overview
Foundation For Louisiana is located in New Orleans, LA. The organization was established in 2005. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 06/2023, Foundation For Louisiana employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Louisiana 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 06/2023, Foundation For Louisiana generated $4.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $5.3m during the year ending 06/2023. While expenses have increased by 13.0% per year over the past 8 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, Foundation For Louisiana has awarded 472 individual grants totaling $18,434,617. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR LOUISIANA IS A CATALYST FOR JUSTICE. FFL INVESTS IN (CONTINUED ON SCHEDULE O) COMMUNITIES AND IDEAS, BUILDS PARTNERSHIPS, AND TRANSFORMS POLICIES AND SYSTEMS FOR AN EQUITABLE, STRONGER LOUISIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION FOR LOUISIANA (FFL) IS A SOCIAL JUSTICE PHILANTHROPIC INTERMEDIARY FOUNDED IN 2005 AS THE LOUISIANA DISASTER RECOVERY FOUNDATION TO INVEST IN THE IMMEDIATE RECOVERY OF LOUISIANA'S COMMUNITIES AFTER HURRICANE KATRINA. WHILE FFL WAS FOUNDED IN THE WAKE OF HURRICANE KATRINA, OUR FOUNDERS RECOGNIZED THE NEED TO ADDRESS THE LONGSTANDING INEQUITIES THAT HAVE SHAPED LIFE OUTCOMES FOR THE MOST MARGINALIZED OF LOUISIANANS. OUR PROGRAMS GREW IN RESPONSE TO THESE NEEDS, AND TODAY FFL FOCUSES ON RACIAL JUSTICE, CLIMATE JUSTICE, CRIMINAL JUSTICE REFORM, AND TRANSFORMAION, ECONOMIC JUSTICE, GENDER JUSTICE, AND SUPPORT FOR LOUISIANA'S VIBRANT ARTS AND CULTURE BEARERS VIA: (1) INVESTMENT: AS A PHILANTHROPIC INTERMEDIARY, WE REDISTRIBUTE RESOURCES TO ON THE GROUND PROJECTS (CONTINUED ON SCHEDULE O) THROUGHOUT LOUISIANA, THROUGH GRANTS, REGRANTING, AND LENDING RESOURCES TO ON THE GROUND PROJECTS MANY OF WHOM CAN'T ACCESS TRADITIONAL PHILANTHROPY. EACH YEAR, FFL REDISTRIBUTES APPROXIMATELY $2 MILLION TO SUPPORT ORGANIZATIONS AND PROJECTS THROUGHOUT LOUISIANA IN OUR KEY PROGRAM AREAS. (2) POWER BUILDING: WE BUILD THE CAPACITY OF OUR PARTNERS AND GRANTEES TO EFFECT CHANGE IN THEIR COMMUNITIES. OUR SIGNATURE PROGRAMS, LEAD AND TOGETHER, CONVENE EMERGING AND EXPERIENCED COMMUNITY LEADERS TO PROVIDE TRAINING RELATED TO ORGANIZING, ADVOCACY, POLICY CHANGE, LEADERSHIP, PUBLIC SPEAKING, AND GROUP FACILITATION THAT INCREASES THEIR CAPACITY TO TACKLE ISSUES OF CLIMATE CHANGE, POLICE ACCOUNTABILITY, HEALTH DISPARITIES, HOUSING ACCESS, AND MORE. (3) COLLABORATION: WE DEVELOP COLLABORATIVE INITIATIVES THROUGH LEVERAGING PUBLIC AND PRIVATE PARTNERS TO IMPACT CHANGE, SUPPORT PUBLIC POLICY INITIATIVES, AND PROVIDE CRITICAL FISCAL SPONSORSHIP AND MANAGEMENT TO EXTERNAL PROJECTS AND SPECIAL INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Jenkins Board Chair | OfficerTrustee | 3 | $0 |
Jainey Bavishi Thru 132023 Secretary | OfficerTrustee | 3 | $0 |
May T Nguyen Treasurer | OfficerTrustee | 3 | $0 |
Michelle Ramos Director | Trustee | 2 | $0 |
Halima Leak-Francis Director | Trustee | 2 | $0 |
Lt General Russel Honore Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spears Consulting Group Llc Consultant Services | 6/29/23 | $168,793 |
Amalgamated Bank Investment Services | 6/29/23 | $142,998 |
Converge Consulting Llc Consultant Services | 6/29/23 | $359,707 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,851,242 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,851,242 |
| Total Program Service Revenue | $327,870 |
| Investment income | $275,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $214 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,845,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,313,778 |
| Grants and other assistance to domestic individuals. | $99,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $737,721 |
| Compensation of current officers, directors, key employees. | $254,570 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $987,870 |
| Pension plan accruals and contributions | $151,673 |
| Other employee benefits | $0 |
| Payroll taxes | $164,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,025 |
| Fees for services: Accounting | $67,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,382 |
| Fees for services: Other | $301,996 |
| Advertising and promotion | $0 |
| Office expenses | $61,650 |
| Information technology | $91,499 |
| Royalties | $0 |
| Occupancy | $16,303 |
| Travel | $81,525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,347 |
| Insurance | $9,363 |
| All other expenses | $0 |
| Total functional expenses | $5,272,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,397,929 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $465,105 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,859 |
| Net Land, buildings, and equipment | $1,064 |
| Investments—publicly traded securities | $10,906,338 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $454,803 |
| Total assets | $16,259,098 |
| Accounts payable and accrued expenses | $319,159 |
| Grants payable | $491,750 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,451,996 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,879 |
| Total liabilities | $4,299,784 |
| Net assets without donor restrictions | $3,985,283 |
| Net assets with donor restrictions | $7,974,031 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,259,098 |
Grants Awarded
Over the last fiscal year, Foundation For Louisiana has awarded $1,521,374 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
ASSET FUNDERS NETWORK PURPOSE: ECONOMIC JUSTICE | $15,000 |
ASSISI HOUSE PURPOSE: RACIAL HEALING JUSTICE | $35,000 |
100 BLACK MEN OF ST MARY INC PURPOSE: CLIMATE JUSTICE | $10,500 |
BELLANOLA LIFESTYLE MANAGEMENT LLC PURPOSE: HURRICANE IDA | $12,500 |
BUILDERS OF THE HIGHWAY FOUNDATION PURPOSE: ECONOMIC JUSTICE | $20,000 |
DISABILITY RIGHTS LOUISIANA PURPOSE: ECONOMIC JUSTICE | $25,000 |