Alfred J Loftus Charitable Trust
- Assets
- $2.3m
- Revenue
- $185.0k
- Investments
- $2.2m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 12/1996
- Data as of
- 05/2024
- EIN
- 43-6700480
Organization Overview
Alfred J Loftus Charitable Trust is located in Milwaukee, WI. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Alfred J Loftus Charitable Trust 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 05/2024, Alfred J Loftus Charitable Trust generated $185.0k 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 (5.1%) each year. All expenses for the organization totaled $243.8k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Alfred J Loftus Charitable Trust has awarded 29 individual grants totaling $1,085,039. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,898 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,048 |
| Capital Gain Net Income | $113,048 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28 |
| Total Revenue | $184,974 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,663 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,864 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $46,027 |
| Contributions, gifts, grants paid | $197,745 |
| Total expenses and disbursements | $243,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,709 |
| 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 | $1,691,790 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,250,310 |
| 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, Alfred J Loftus Charitable Trust has awarded $197,745 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LUTHERAN SENIOR SERVICES PURPOSE: GENERAL OPERATING | $49,436 |
LCMS FOUNDATION PURPOSE: GENERAL OPERATING | $98,873 |
HUMANITRI PURPOSE: GENERAL OPERATING | $49,436 |