Ethel M Looram Foundation Incorporated
- Assets
- $1.6m
- Revenue
- $82.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 08/1961
- Data as of
- 08/2024
- EIN
- 52-6047724
Organization Overview
Ethel M Looram Foundation Incorporated is located in Baltimore, MD. The organization was established in 1961. 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. Ethel M Looram Foundation Incorporated 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 08/2024, Ethel M Looram Foundation Incorporated generated $82.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $143.1k during the year ending 08/2024. While expenses have increased by 4.8% 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 2020, Ethel M Looram Foundation Incorporated has awarded 308 individual grants totaling $519,664. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Preston F Mcadoo Trustee President Treasurer | 0 | $0 | |
John H Mcadoo Trustee Secretary | 0 | $0 | |
Peter M Coy Trustee | 0 | $0 | |
Timothy Emerson Coy Trustee | 0 | $0 | |
Sally Deford Buck Trustee | 0 | $0 | |
Robert B Deford III Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,855 |
| Dividends & Interest | $38,481 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,578 |
| Capital Gain Net Income | $40,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43 |
| Total Revenue | $81,957 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $870 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,851 |
| Total operating and administrative expenses | $16,111 |
| Contributions, gifts, grants paid | $127,000 |
| Total expenses and disbursements | $143,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,023 |
| 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 | $0 |
| Total assets | $1,568,077 |
| 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, Ethel M Looram Foundation Incorporated has awarded $127,000 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN WILDLIFE FOUNDATION PURPOSE: UNRESTRICTED FOR DONEES DISCRETIONARY APPLICATION | $1,000 |
BALTIMORE SYMPHONY ORCHESTRA PURPOSE: UNRESTRICTED FOR DONEES DISCRETIONARY APPLICATION | $1,000 |
BALTIMORE MUSEUM OF ART PURPOSE: UNRESTRICTED FOR DONEES DISCRETIONARY APPLICATION | $1,000 |
BISHOP'S FUND ANNUAL APPEAL PURPOSE: UNRESTRICTED FOR DONEES DISCRETIONARY APPLICATION | $1,000 |
CBEC PURPOSE: UNRESTRICTED FOR DONEES DISCRETIONARY APPLICATION | $500 |
CELEBRATION BARN THEATER PURPOSE: UNRESTRICTED FOR DONEES DISCRETIONARY APPLICATION | $5,333 |