Luis M Khoury Foundation Inc
- Assets
- $1.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 01/2015
- Data as of
- 04/2023
- EIN
- 47-2717483
Organization Overview
Luis M Khoury Foundation Inc is located in Plymouth, MN. The organization was established in 2015. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luis M Khoury Foundation Inc 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 04/2023, Luis M Khoury Foundation Inc generated $845.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (36.1%) each year. All expenses for the organization totaled $1.1k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (33.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
DUE TO THE COVID PANDEMIC AND THE RESULTING CHANGES IN PUBLIC PREFERENCES, THE ORGANIZATION HAS BEEN UNABLE TO HOLD AN ANNUAL GOLF OUTING. WITH LIMITED RESOURCES, THE ORGANIZATION WAS UNABLE TO MAKE A CONTRIBUTION IN SUPPORT OF RESEARCH INTO THE PREVENTION OF AND CURE FOR BILE DUCT CANCER. THE ORGANIZATION IS EVALUATING WHETHER IT IS POSSIBLE TO CONTINUE IN EXISTENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Khoury-Folkens President/executive Direct | 0.25 | $0 | |
Luis Khoury Vice President/director | 0 | $0 | |
Catherine Khoury Vice President/director | 0 | $0 | |
David Christopher Folkens CFO | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $845 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $845 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $750 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $370 |
| Total expenses | $1,120 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,057 |
| Other assets | $0 |
| Total assets | $1,057 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,057 |