The Oscar J Tolmas Charitable Trust
- Assets
- $57.5m
- Revenue
- $3.2m
- Investments
- $55.8m
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 07/2014
- Data as of
- 12/2022
- 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 12/2022, Oscar J Tolmas Charitable Trust generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $3.8m during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 5 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 2016, Oscar J Tolmas Charitable Trust has awarded 239 individual grants totaling $11,384,908. 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
TO ASSIST 65 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 | $297,000 | |
Lisa N Romano Vice-President/ Trustee | 40 | $246,500 |
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 | $22 |
| Dividends & Interest | $1,982,452 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,191,399 |
| Capital Gain Net Income | $1,191,399 |
| Net ST Capital Gain | $0 |
| Income Modifications | $56,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $11 |
| Total Revenue | $3,173,884 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $543,500 |
| Other employee salaries and wages | $32,095 |
| Pension plans, employee benefits | $119,172 |
| Interest | $0 |
| Taxes | $101,478 |
| Depreciation | $1,788 |
| Occupancy | $41,532 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,969 |
| Total operating and administrative expenses | $1,094,514 |
| Contributions, gifts, grants paid | $2,671,012 |
| Total expenses and disbursements | $3,765,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $625,486 |
| 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 | $30,723,488 |
| Net Land, buildings, and equipment | $1,124,263 |
| Other assets | $10,848 |
| Total assets | $57,549,877 |
| 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 | $1,978 |
| Total liabilities | $1,978 |
Grants Awarded
Over the last fiscal year, The Oscar J Tolmas Charitable Trust has awarded $2,671,012 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHBISHOP CHAPELLE HIGH SCHOOL PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $13,000 |
ACADIANA VETERAN ALLIANCE PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $10,000 |
ARC PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $43,000 |
BETH ISRAEL PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $100,612 |
ANGEL'S PLACE PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $45,000 |
BRIDGE HOUSE CORPORATION PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $175,000 |