Labatt Foundation Inc
- Assets
- $10.8m
- Revenue
- $316.3k
- Investments
- $10.3m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 10/2008
- Data as of
- 09/2023
- EIN
- 26-0580240
Organization Overview
Labatt Foundation Inc is located in San Antonio, TX. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Labatt 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 09/2023, Labatt Foundation Inc generated $316.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $676.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Labatt Foundation Inc has awarded 37 individual grants totaling $3,104,414. 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 |
|---|---|---|---|
Blair P Labatt Jr President | 1 | $0 | |
Annie M Labatt Vice President | 1 | $0 | |
Al Silva Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $119 |
| Dividends & Interest | $282,472 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,707 |
| Capital Gain Net Income | $33,707 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $316,298 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,809 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $45,054 |
| Contributions, gifts, grants paid | $631,750 |
| Total expenses and disbursements | $676,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $507,767 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,773,857 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $516,000 |
| 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 | $516,000 |
Grants Awarded
Over the last fiscal year, Labatt Foundation Inc has awarded $631,750 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
OPERA SAN ANTONIO PURPOSE: PROGRAM SUPPORT | $60,000 |
HEADWATERS AT INCARNATE WORD PURPOSE: PROGRAM SUPPORT | $20,000 |
SAN ANTONIO BOOK FESTIVAL PURPOSE: PROGRAM SUPPORT | $2,500 |
MCNAY ART MUSEUM PURPOSE: PROGRAM SUPPORT | $3,500 |
TEXAS CAVALIERS PURPOSE: PROGRAM SUPPORT | $5,750 |
CHRISTA ROSA FOUNDATION PURPOSE: PROGRAM SUPPORT | $7,500 |