Loomis Foundation Inc
- Assets
- $0.0
- Revenue
- $76.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Overland Park, KS
- Founding
- 05/1994
- Data as of
- 03/2023
- EIN
- 56-1849009
Organization Overview
Loomis Foundation Inc is located in Overland Park, KS. The organization was established in 1994. 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. Loomis 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 03/2023, Loomis Foundation Inc generated $76.1k 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 (18.4%) each year. All expenses for the organization totaled $42.3m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Loomis Foundation Inc has awarded 625 individual grants totaling $48,276,324. 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 |
|---|---|---|---|
Charlton Burns Treasurer | 10 | $12,000 | |
Joseph Burns President | 3 | $12,000 | |
William Burns Secretary | 3 | $12,000 | |
Karen Burns Associate | 1 | $0 | |
William Burns IV Associate | 1 | $0 | |
Sally Burns Associate | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $86 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,207 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,839 |
| Capital Gain Net Income | $16,839 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $76,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $874 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47 |
| Total operating and administrative expenses | $108,189 |
| Contributions, gifts, grants paid | $42,173,087 |
| Total expenses and disbursements | $42,281,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Loomis Foundation Inc has awarded $42,173,087 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LOOMIS CHARITABLE FOUNDATION INC PURPOSE: GENERAL CHARITABLE PURPOSES | $14,057,696 |
LOOMIS FAMILY FOUNDATION INC PURPOSE: GENERAL CHARITABLE PURPOSES | $14,057,695 |
SPORTSWOOD CHARITABLE FOUNDATION INC PURPOSE: GENERAL CHARITABLE PURPOSES | $14,057,696 |