Louetta M Cowden Foundation
- Assets
- $11.4m
- Revenue
- $272.1k
- Investments
- $10.9m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 02/1966
- Data as of
- 12/2023
- EIN
- 43-6052617
Organization Overview
Louetta M Cowden Foundation is located in Dallas, TX. 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. Louetta M Cowden 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, Louetta M Cowden Foundation generated $272.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $685.6k during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 9 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 2015, Louetta M Cowden Foundation has awarded 120 individual grants totaling $4,653,784. 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
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $306,064 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$33,930 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $272,134 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,994 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,813 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,500 |
| Total operating and administrative expenses | $70,557 |
| Contributions, gifts, grants paid | $615,000 |
| Total expenses and disbursements | $685,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $490,413 |
| 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 | $11,439,701 |
| 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, Louetta M Cowden Foundation has awarded $615,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLOTTE STREET FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $40,000 |
KANSAS CITY REPERTORY THEATRE PURPOSE: SUPPORT 2022-2023 YOUTH | $20,000 |
KANSAS CITY COMMUNITY GARDENS INC PURPOSE: SUPPORT FOR HOME & | $50,000 |
MOSAIC LIFE CARE FOUNDATION PURPOSE: SUPPORT CANCER SURVIVORSHIP | $200,000 |
KANSAS CITY FRIENDS OF ALVIN AILEY PURPOSE: SUPPORT ARTS EDUCATION | $40,000 |
NATIONAL WWI MUSEUM & MEMORIAL PURPOSE: SUPPORT A SECOND CENTURY: | $100,000 |