Jesse And Rose Loeb Foundation Inc
- Assets
- $8.6m
- Revenue
- $233.2k
- Investments
- $8.5m
- Employees
- 0
- Location
- Warrenton, VA
- Founding
- 06/1992
- Data as of
- 09/2023
- EIN
- 54-1604839
Organization Overview
Jesse And Rose Loeb Foundation Inc is located in Warrenton, VA. The organization was established in 1992. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Jesse And Rose Loeb 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 09/2023, Jesse And Rose Loeb Foundation Inc generated $233.2k 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 (3.5%) each year. All expenses for the organization totaled $604.1k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jesse And Rose Loeb Foundation Inc has awarded 291 individual grants totaling $4,199,500. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION BOARD REVIEWS DOZENS OF EXEMPT ORGANIZATION APPLICATIONS IN THE FAUQUIER COUNTY, VIRGINIA REGION AND ANNUALLY AWARDS GRANTS BASED ON CAPITAL NEEDS.
THROUGH ITS APPLICATION PROCESS THE BOARD'S SECOND LARGEST ACTIVITY IS TO AWARD SCHOLARSHIPS TO COLLEGE BOUND STUDENTS FROM THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas H Kirk Executive Director | 8 | $35,510 | |
Donald R Yowell Director | 0.25 | $1,600 | |
Sue Ann Meek Director | 0.25 | $2,400 | |
G Wayne Eastham Director | 0.25 | $1,600 | |
Richard Monohan Director | 0.25 | $1,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $264,321 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$31,563 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $415 |
| Other Income | $0 |
| Total Revenue | $233,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,710 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,250 |
| Depreciation | $0 |
| Occupancy | $14,044 |
| Travel, conferences, and meetings | $1,316 |
| Printing and publications | $0 |
| Other expenses | $8,715 |
| Total operating and administrative expenses | $122,656 |
| Contributions, gifts, grants paid | $481,450 |
| Total expenses and disbursements | $604,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,818 |
| Savings and temporary cash investments | $42,228 |
| Net Accounts receivable | $34,746 |
| 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 | $1,050 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $72 |
| Other assets | $10,960 |
| Total assets | $8,565,831 |
| 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, Jesse And Rose Loeb Foundation Inc has awarded $481,450 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ALYSSA KATE JULATON PURPOSE: SCHOLARSHIP - BRIGHAM YOUNG UNIVERSITY | $5,000 |
ALYSSA ROBSON PURPOSE: SCHOLARSHIP - LIBERTY UNIVERSITY | $5,000 |
ANNALIE DEL GALLO PURPOSE: SCHOLARSHIP JMU | $5,000 |
ASHANDRA ASAMOAH PURPOSE: SCHOLARSHIP - UVA | $5,000 |
BENEDICTINE SISTERS OF VA PURPOSE: DONATION | $12,500 |
CASTLETON COMMUNITY FIRE DEPT PURPOSE: DONATION | $30,000 |