Lojo Foundation
- Assets
- $1.5m
- Revenue
- $20.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Blue Hill, ME
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 31-1775152
Organization Overview
Lojo Foundation is located in Blue Hill, ME. The organization was established in 2001. 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. Lojo Foundation 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, Lojo Foundation generated $20.0k 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 (6.8%) each year. All expenses for the organization totaled $56.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lojo Foundation has awarded 249 individual grants totaling $627,550. 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 |
|---|---|---|---|
Josephine M Ireland Chairman | 1 | $0 | |
Eva M Louda Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29 |
| Dividends & Interest | $29,440 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,483 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,986 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $125 |
| Total operating and administrative expenses | $10,252 |
| Contributions, gifts, grants paid | $46,500 |
| Total expenses and disbursements | $56,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,037 |
| 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 | $1,467,370 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,495,407 |
| Accounts payable and accrued expenses | $125 |
| Grants payable | $10,000 |
| 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 | $10,125 |
Grants Awarded
Over the last fiscal year, Lojo Foundation has awarded $46,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
THE CARPENTER'S BOAT SHOP PURPOSE: ANNUAL FUND | $2,500 |
HENRY ART GALLERY PURPOSE: ANNUAL FUND | $2,500 |
HOME PURPOSE: ANNUAL FUND | $2,500 |
TREE OF LIFE PURPOSE: ANNUAL FUND | $2,500 |
BLUE HILL LIBRARY PURPOSE: ANNUAL FUND | $5,000 |
PLANNED PARENTHOOD PURPOSE: ANNUAL FUND | $2,500 |