The Mary Louise Foundation Inc
- Assets
- $3.6m
- Revenue
- $153.2k
- Investments
- $3.6m
- Employees
- 0
- Location
- Norfolk, NE
- Founding
- 03/2004
- Data as of
- 12/2023
- EIN
- 30-0219720
Organization Overview
The Mary Louise Foundation Inc is located in Norfolk, NE. The organization was established in 2004. 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. Mary Louise 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 12/2023, Mary Louise Foundation Inc generated $153.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $188.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mary Louise Foundation Inc has awarded 358 individual grants totaling $1,029,125. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ACCUMULATING FUNDS WITH THE PURPOSE OF PURCHASING A FACILITY OR PARTNERING IN THE OPERATION OF A FACILITY TO ALLOW STABLE HOUSING FOR DISADVANTAGED AND POOR CHILDREN ANYWHERE THE CAUSE MAY BE IN THE WORLD. THE FOUNDATION ANNUALLY DISTRIBUTES DONATIONS TO MULTIPLE CHARITABLE ORGANIZATIONS. IN THE CALENDAR YEAR 2023, 44 CHARITABLE ORGANIZATIONS WERE THE BENEFICIARIES OF DONATIONS TOTALING 61,000. ALL OF THESE DISTRIBUTIONS WERE NEED BASED AND WENT DIRECTLY TO ASSIST IN MISSION WORK FOR DISADVANTAGED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard P Abler President | 0 | $0 | |
Laneta M Abler Secretary | 0 | $0 | |
Steven Abler Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28,202 |
| Dividends & Interest | $125,021 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $153,223 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $574 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,244 |
| Contributions, gifts, grants paid | $186,375 |
| Total expenses and disbursements | $188,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,795 |
| 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 | $3,592,002 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,055 |
| Total assets | $3,615,852 |
| 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, The Mary Louise Foundation Inc has awarded $186,375 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
MISSIONS OF AFRICA PURPOSE: MISSION RELIEF | $1,000 |
RED CLOUD INDIAN SCHOOL PURPOSE: MISSION RELIEF | $2,000 |
BOYS TOWN NEBRASKA PURPOSE: DISADVANTAGED CHILDREN | $1,000 |
SOARING EAGLE PURPOSE: MISSION RELIEF | $1,000 |
EDMUNITE MISSIONS PURPOSE: MISSION RELIEF | $2,000 |
OXFAM PURPOSE: MISSION RELIEF | $1,000 |