Reva & David Logan Foundation
- Assets
- $52.3m
- Revenue
- $4.2m
- Investments
- $37.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1966
- Data as of
- 12/2022
- EIN
- 36-6139439
Organization Overview
Reva & David Logan Foundation is located in Chicago, IL. The organization was established in 1966. 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. Reva & David Logan 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 12/2022, Reva & David Logan Foundation generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $14.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Reva & David Logan Foundation has awarded 802 individual grants totaling $49,786,544. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REVA AND DAVID LOGAN FOUNDATION FOOD RESCUE AND REDISTRIBUTION PROGRAM:THE FOUNDATION SEIZED THE OPPORTUNITY TO RESCUE FOOD AND CONSUMER GOODS FROM MAJOR RETAILERS WHO OTHERWISE WOULD HAVE DISPOSED OF THESE GOODS. THE FOUNDATION INCURRED ALL THE COSTS IN REDISTRIBUTION OF THE FOOD AND CONSUMER GOODS INCLUDING PICKING UP AND DELIVERING OF THE NEEDED ITEMS. THE FOOD AND CONSUMER PRODUCTS WERE REDISTRIBUTED TO LOCAL ORGANIZATIONS THAT PASSED THE GOODS ON TO NEEDY FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Logan President/director/treasurer | 40 | $150,000 | |
Crystal Logan Secretary/director | 30 | $78,077 | |
Patrick Brosnan Director | 2 | $0 | |
Leslie Savickas Director | 2 | $0 | |
Martin Reynolds Director | 2 | $0 | |
Reuben Logan Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foley & Lardner Llp | 12/30/22 | $133,297 |
South Lakeview Llc | 12/30/22 | $120,652 |
Rsm Us Llp | 12/30/22 | $61,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,052 |
| Interest on Savings | $3,402 |
| Dividends & Interest | $78,285 |
| Net Rental Income | -$157,372 |
| Net Gain on Sale of Assets | $3,886,845 |
| Capital Gain Net Income | $3,886,845 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,226,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $228,077 |
| Other employee salaries and wages | $474,866 |
| Pension plans, employee benefits | $92,436 |
| Interest | $653,066 |
| Taxes | $353,066 |
| Depreciation | $258,342 |
| Occupancy | $56,285 |
| Travel, conferences, and meetings | $28,771 |
| Printing and publications | $0 |
| Other expenses | $409,960 |
| Total operating and administrative expenses | $2,901,664 |
| Contributions, gifts, grants paid | $11,795,162 |
| Total expenses and disbursements | $14,696,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,633 |
| Savings and temporary cash investments | $1,581,263 |
| 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 | $884,667 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $3,022,407 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $8,837,622 |
| Other assets | $151,393 |
| Total assets | $52,307,057 |
| 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 | $26,237,950 |
| Total liabilities | $26,237,950 |
Grants Awarded
Over the last fiscal year, Reva & David Logan Foundation has awarded $17,887,202 in support to 256 organizations.
| Grant Recipient | Amount |
|---|---|
100REPORTERS PURPOSE: DOUBLE EXPOSURE INVESTIGATIVE FILM FESTIVAL AND SYMPOSIUM | $150,000 |
3ARTS PURPOSE: 3ARTS AWARD PARTNERSHIP AND GENERAL OPERATING SUPPORT | $75,000 |
ABOUT FACE THEATRE PURPOSE: GENERAL OPERATING SUPPORT | $65,000 |
AIRWARS PURPOSE: CRITICAL INVESTIGATIONS INTO CIVILIAN HARM - DETERMINED TO BE AN EQUIVALENT OF A US PUBLIC CHARITY | $110,000 |
ALBANY PARK THEATER PROJECT PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
AMERICAN DOCUMENTARY INCPOV PURPOSE: POV SHORTS, GENERAL OPERATING | $25,000 |