Labatt Foundation Inc
- Assets
- $11.2m
- Revenue
- $924.2k
- Investments
- $11.1m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 10/2008
- Data as of
- 09/2021
- 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 09/2021, Labatt Foundation Inc generated $924.2k in total revenue. All expenses for the organization totaled $620.0k during the year ending 09/2021. While expenses have increased by 59.5% per year over the past 5 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 2017, Labatt Foundation Inc has awarded 24 individual grants totaling $2,318,708. 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 | $6 |
| Dividends & Interest | $237,038 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $687,192 |
| Capital Gain Net Income | $687,192 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $924,236 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,770 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $44,890 |
| Contributions, gifts, grants paid | $575,144 |
| Total expenses and disbursements | $620,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,850 |
| 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 | $11,176,758 |
| 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, Labatt Foundation Inc has awarded $575,144 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHWEST COMMUNITY FOUNDATION PURPOSE: PROGRAM SUPPORT | $540,000 |
OPERA SAN ANTONIO PURPOSE: PROGRAM SUPPORT | $20,000 |
Houston, TX PURPOSE: PROGRAM SUPPORT | $10,000 |
ARC HUMANITIES PURPOSE: PROGRAM SUPPORT | $5,144 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Hamm Foundation Oklahoma City, OK | $15,100,240 | $36,211,204 |
Hildebrand Foundation Houston, TX | $114,322,883 | $23,614,226 |
Carl A Davis And Lois E Davis Foundation Houston, TX | $0 | $544,470 |
Hirsch Family Foundation Dallas, TX | $52,981,348 | $34,969,949 |
Entergy Charitable Foundation New Orleans, LA | $10,718,766 | $2,697,786 |
Smith Family Foundation Austin, TX | $2,063,167 | $8,401,265 |
Nancy Smith Hurd Foundation Tr San Antonio, TX | $73,883,656 | $7,181,888 |
Santander Consumer Usa Inc Foundation Dallas, TX | $61,196,374 | $60,000,000 |
Hal & Charlie Peterson Foundation Kerrville, TX | $63,600,144 | $3,895,944 |
Boone Family Foundation Dallas, TX | $0 | $1,805,045 |
William A Brookshire Foundation Lakeway, TX | $44,188,133 | $14,237,408 |
Con Alma Health Foundation Santa Fe, NM | $33,283,264 | $4,439,981 |