Louis Foundation
- Assets
- $2.3m
- Revenue
- $23.6k
- Investments
- $2.0m
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 42-6660492
Organization Overview
Louis Foundation is located in Cambridge, MA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Louis 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, Louis Foundation generated $23.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (37.3%) each year. All expenses for the organization totaled $295.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Louis Foundation has awarded 254 individual grants totaling $2,033,375. 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 |
|---|---|---|---|
Langdon B Wheeler Trustee | 1 | $0 | |
M Katherine Metcalfe Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $202 |
| Dividends & Interest | $90,639 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$67,200 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,641 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,068 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $5,728 |
| Contributions, gifts, grants paid | $289,450 |
| Total expenses and disbursements | $295,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $317,711 |
| 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 | $2,009,443 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,327,154 |
| 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, Louis Foundation has awarded $289,450 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION OF MASS INC PURPOSE: CHARITABLE | $1,000 |
ARLINGTON RESCUE SQUAD INC PURPOSE: CHARITABLE | $200 |
ALOHA FOUNDATION PURPOSE: CHARITABLE | $58,000 |
BENNINGTON COUNTY CHORAL SOCIETY INC PURPOSE: CHARITABLE | $250 |
BOSTON CHILDREN'S HOSPITAL PURPOSE: CHARITABLE | $25,000 |
BREAKTHROUGHT GREATER BOSTON PURPOSE: CHARITABLE | $1,000 |