Willis & Mildred Pellerin Foundation
- Assets
- $1.4m
- Revenue
- $101.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Kenner, LA
- Founding
- 02/1976
- Data as of
- 05/2024
- EIN
- 51-0166877
Organization Overview
Willis & Mildred Pellerin Foundation is located in Kenner, LA. The organization was established in 1976. 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. Willis & Mildred Pellerin 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 05/2024, Willis & Mildred Pellerin Foundation generated $101.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $110.8k during the year ending 05/2024. While expenses have increased by 4.7% 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 2021, Willis & Mildred Pellerin Foundation has awarded 169 individual grants totaling $370,100. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Gerald L Foret Trustee | 0 | $0 | |
Brian Leftwich Trustee | 0 | $0 | |
Ray Pellerin Trustee | 0 | $0 | |
James W Pellerin Trustee | 0 | $0 | |
Curtis A Pellerin Trustee | 0 | $0 | |
Mark R Munson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000 |
| Interest on Savings | $2 |
| Dividends & Interest | $59,793 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,873 |
| Capital Gain Net Income | $35,873 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,668 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $10,000 |
| Pension plans, employee benefits | $0 |
| Interest | $321 |
| Taxes | $512 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $797 |
| Total operating and administrative expenses | $23,821 |
| Contributions, gifts, grants paid | $87,000 |
| Total expenses and disbursements | $110,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $242,865 |
| 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 | $24,606 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $121 |
| Total assets | $1,448,123 |
| 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 | $186 |
| Total liabilities | $186 |
Grants Awarded
Over the last fiscal year, Willis & Mildred Pellerin Foundation has awarded $87,000 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXIS LOWERY PURPOSE: TO ASSIST QUALIFIED STUDENTS IN FURTHERING THEIR EDUCATION | $2,200 |
ANNA MONTGOMERY PURPOSE: TO ASSIST QUALIFIED STUDENTS IN FURTHERING THEIR EDUCATION | $2,800 |
ASHLEY HELLER PURPOSE: TO ASSIST QUALIFED STUDENTS IN FURTHERING THEIR EDUCATION | $2,800 |
ANNA WRIGHT PURPOSE: TO ASSIST QUALIFIED STUDENTS IN FURTHERING THEIR EDUCATION | $200 |
BLAKE SMITH PURPOSE: TO ASSIST QUALIFIED STUDENTS IN FURTHERING THEIR EDUCATION | $2,400 |
CARSON QUEBEDEAUX PURPOSE: TO ASSIST QUALIFIED STUDENTS IN FURTHERING THEIR EDUCATION | $2,400 |