The Logan Foundation
- Assets
- $1.4m
- Revenue
- $195.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 06/1989
- Data as of
- 12/2022
- EIN
- 48-1061492
Organization Overview
The Logan Foundation is located in Wichita, KS. The organization was established in 1989. 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. Logan 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 12/2022, Logan Foundation generated $195.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $186.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Logan Foundation has awarded 165 individual grants totaling $1,197,865. 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
CONTRIBUTIONS TO RELIGOUS AND COMMUNITY BASED CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Logan President | 1 | $0 | |
Margaret Logan Secretary/treasurer | 1 | $0 | |
Peter L Peterson Director | 1 | $0 | |
Stephen Logan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $113,236 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,226 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,390 |
| Capital Gain Net Income | $11,390 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $195,852 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,526 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,654 |
| Total operating and administrative expenses | $17,400 |
| Contributions, gifts, grants paid | $169,200 |
| Total expenses and disbursements | $186,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,453 |
| Savings and temporary cash investments | $80,078 |
| 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 | $1,214 |
| Total assets | $1,366,763 |
| 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, The Logan Foundation has awarded $169,200 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: UNRESTRICTED | $500 |
DM STEARNS MISSIONARY FOUNDATION PURPOSE: UNRESTRICTED | $1,800 |
CLASSICAL SCHOOL OF WICHITA PURPOSE: UNRESTRICTED | $100,000 |
EVANGELICAL COVENANT CHURCH PURPOSE: UNRESTRICTED | $2,000 |
FAITH MAPPINGS PURPOSE: UNRESTRICTED | $24,000 |
FIRST EVANGELICAL FREE CHURCH PURPOSE: UNRESTRICTED | $3,000 |