Rollins Luethkemeyer Foundation Inc
- Assets
- $71.3m
- Revenue
- $9.4m
- Investments
- $67.8m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 04/1963
- Data as of
- 12/2021
- EIN
- 52-6041536
Organization Overview
Rollins Luethkemeyer Foundation Inc is located in Baltimore, MD. The organization was established in 1963. 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. Rollins Luethkemeyer 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 12/2021, Rollins Luethkemeyer Foundation Inc generated $9.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 4 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 2020, Rollins Luethkemeyer Foundation Inc has awarded 40 individual grants totaling $8,421,282. 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
THE FOUNDATION MAKES CONTRIBUTIONS TO OTHER SECTION 501(C)(3) ORGANIZATIONS INVOLVED IN DIRECT CHARITABLE ACTIVITIES. SEE ATTACHED SCHEDULE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Black III Director | 5 | $50,000 | |
Christina D Carr Treasurer | 3 | $20,000 | |
John A Luetkemeyer President | 5 | $0 | |
James C Davis Director | 0 | $0 | |
Richard E Levine Vice President / Secretary | 0 | $0 | |
Thomas F Mullan III Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harbor Investment Advisory | 12/30/21 | $86,613 |
Brown Advisory | 12/30/21 | $64,032 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,397,954 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,960,215 |
| Capital Gain Net Income | $7,960,215 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,358,169 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $150,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $138,347 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $812 |
| Total operating and administrative expenses | $550,546 |
| Contributions, gifts, grants paid | $4,116,920 |
| Total expenses and disbursements | $4,667,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,903,121 |
| 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 | $34,983,300 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $594,979 |
| Total assets | $71,255,123 |
| Accounts payable and accrued expenses | $2,292 |
| 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 | $2,292 |
Grants Awarded
Over the last fiscal year, Rollins Luethkemeyer Foundation Inc has awarded $4,116,920 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ENDOWMENT FOUNDATION (APPLEWOOD DONOR ADVISED FUND) PURPOSE: UNRESTRICTED | $2,054,420 |
Baltimore, MD PURPOSE: UNRESTRICTED | $1,250,000 |
Chestertown, MD PURPOSE: UNRESTRICTED | $200,000 |
Lexington, KY PURPOSE: UNRESTRICTED | $100,000 |
MCDONOGH SCHOOL PURPOSE: VARIOUS | $100,000 |
RONALD MCDONALD HOUSE CHARITIES PURPOSE: UNRESTRICTED | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |