The Oscar J Tolmas Charitable Trust
- Assets
- $58.1m
- Revenue
- $4.3m
- Investments
- $56.2m
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-7235211
Organization Overview
The Oscar J Tolmas Charitable Trust is located in Metairie, LA. The organization was established in 2014. 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. Oscar J Tolmas 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 12/2021, Oscar J Tolmas Charitable Trust generated $4.3m 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 (42.0%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Oscar J Tolmas Charitable Trust has awarded 231 individual grants totaling $11,249,048. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST 55 TAX EXEMPT ORGANIZATIONS WITH THEIR TAX EXEMPT MISSIONS (SEE SCHEDULE OF DONATIONS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent J Giardina President/ Trustee | 40 | $286,000 | |
Lisa N Romano Vice-President/ Trustee | 40 | $236,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley Smith Barney Holdings Llc | 12/30/16 | $141,012 |
Deutsche Bank Securities Inc | 12/30/16 | $27,608 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $136 |
| Dividends & Interest | $1,943,568 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,335,657 |
| Capital Gain Net Income | $2,335,657 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $288 |
| Total Revenue | $4,279,649 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $522,500 |
| Other employee salaries and wages | $28,370 |
| Pension plans, employee benefits | $112,210 |
| Interest | $0 |
| Taxes | $82,191 |
| Depreciation | $3,611 |
| Occupancy | $40,961 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,824 |
| Total operating and administrative expenses | $1,042,280 |
| Contributions, gifts, grants paid | $3,046,112 |
| Total expenses and disbursements | $4,088,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $799,191 |
| 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 | $37,879,148 |
| Net Land, buildings, and equipment | $1,126,051 |
| Other assets | $4,364 |
| Total assets | $58,086,420 |
| 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 | $2,879 |
| Total liabilities | $2,879 |
Grants Awarded
Over the last fiscal year, The Oscar J Tolmas Charitable Trust has awarded $3,835,112 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
VOLUNTEERS OF AMERICA SOUTHEAST LA PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $555,000 |
WYES PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $400,000 |
Metairie, LA PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $300,000 |
Jefferson, LA PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $230,000 |
New Orleans, LA PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $195,000 |
NATIONAL WW II MUSEUM PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Angelo Area Foundation San Angelo, TX | $221,834,647 | $42,062,458 |
Mercy Ships Foundation Lindale, TX | $100,019,661 | $12,520,932 |
Texas Womens Foundation Dallas, TX | $33,197,240 | $8,443,158 |
Gayle And Tom Benson Charitablefoundation Metairie, LA | $44,526 | $10,673,881 |
The Oscar J Tolmas Charitable Trust Metairie, LA | $58,086,420 | $4,279,649 |
The University Of Texas At Tyler Education Inc Tyler, TX | $0 | $51,128 |
University Of Arkansas Technology Development Foundation Fayetteville, AR | $18,380,736 | $2,093,754 |
Butcher Fund Houston, TX | $0 | $254,062 |
John R & Greli N Less Charitable Trust San Antonio, TX | $117,218,576 | $120,089,499 |
St Davids Community Health Foundation Initiatives Austin, TX | $27,867,184 | $2,942,176 |
Crow Family Foundation Inc Dallas, TX | $48,525 | $3,503 |
Southwest Airlines Employees Catastrophic Assistance Charity Dallas, TX | $24,931,177 | $1,326,488 |