Loeb Family Foundation Inc
- Assets
- $5.6m
- Revenue
- $111.5k
- Investments
- $5.4m
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 01/1988
- Data as of
- 03/2024
- EIN
- 63-0960783
Organization Overview
Loeb Family Foundation Inc is located in Montgomery, AL. The organization was established in 1988. 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. Loeb Family 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 03/2024, Loeb Family Foundation Inc generated $111.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $343.0k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Loeb Family Foundation Inc has awarded 654 individual grants totaling $2,545,391. 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 |
|---|---|---|---|
Regions Bank Trust Department Trustee | 2 | $0 | |
Elizabeth L Friedman Board Of Directors | 0 | $0 | |
Patricia L Rosenbaum Board Of Directors | 0 | $0 | |
James L Loeb Jr Board Of Directors | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $125,899 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$47,665 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,235 |
| Total Revenue | $111,469 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,981 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $54,513 |
| Contributions, gifts, grants paid | $288,500 |
| Total expenses and disbursements | $343,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $191,690 |
| 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 | $5,363,406 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,555,096 |
| 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, Loeb Family Foundation Inc has awarded $288,500 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
TEMPLE ISAIAH PURPOSE: RELIGIOUS | $25,500 |
HOFSTRA UNIVERSITY PURPOSE: EDUCATIONAL | $20,000 |
ALLIANCE THEATRE COMPANY PURPOSE: CULTURAL/EDUCATIONAL | $17,000 |
HIGH MUSEUM OF ART PURPOSE: CULTURAL/EDUCATIONAL | $17,000 |
TEMPLE BETH OR PURPOSE: RELIGIOUS | $15,750 |
FAMILY SUNSHINE CENTER PURPOSE: HUMANITARIAN | $15,000 |