Edward G Schlieder Educational Foundation
- Assets
- $55.8m
- Revenue
- $10.1m
- Investments
- $52.8m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/1951
- Data as of
- 12/2021
- EIN
- 72-0408974
Organization Overview
Edward G Schlieder Educational Foundation is located in New Orleans, LA. The organization was established in 1951. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward G Schlieder Educational Foundation 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, Edward G Schlieder Educational Foundation generated $10.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 1.0% 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 2016, Edward G Schlieder Educational Foundation has awarded 58 individual grants totaling $15,355,543. 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
GRANTS AND ADMINISTRATIVE EXPENSES - SEE FORM 990-PF PAGE 1 COLUMN (D) -DISBURSEMENTS FOR CHARITABLE PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Edgecombe Exec Secretary/consultant | 5 | $60,000 | |
Laura S Shields Director & Treasurer | 0.25 | $0 | |
Elizabeth S Nalty Director & President | 2 | $0 | |
John W Waid Director & Secretary | 0.5 | $0 | |
Shelby Westfeldt Mills Director | 0.25 | $0 | |
Thomas D Westfeldt Director & Vice President | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Green Turtle Lp | 12/30/21 | $122,861 |
Villere & Company Llc | 12/30/21 | $82,232 |
Eagle Capital Management | 12/30/21 | $449,596 |
Highland Investment Management Group Llc | 12/30/21 | $535,742 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41 |
| Dividends & Interest | $678,485 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,428,387 |
| Capital Gain Net Income | $9,428,387 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,106,913 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,886 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,226 |
| Total operating and administrative expenses | $1,411,126 |
| Contributions, gifts, grants paid | $3,246,320 |
| Total expenses and disbursements | $4,657,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $654,280 |
| Savings and temporary cash investments | $2,351,385 |
| 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 | $55,806,093 |
| 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, Edward G Schlieder Educational Foundation has awarded $4,281,320 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
TULANE UNIVERSITY PURPOSE: RICHARDSON MEMORIAL CENTER (ARCHITECTURE SCHOOL) RENOVATION | $750,000 |
TRINITY EPISCOPAL SCHOOL PURPOSE: TRINITY 2024 CAPITAL CAMPAIGN | $500,000 |
CENTENARY COLLEGE PURPOSE: HURLEY SCHOOL OF MUSIC RENOVATIONS | $500,000 |
TULANE UNIVERSITY PURPOSE: RICHARDSON MEMORIAL CENTER (ARCHITECTURE SCHOOL) RENOVATION | $375,000 |
LOUISIANA STATE UNIVERSITY PURPOSE: PENNINGTON BIOMEDICAL RESEARCH FOUNDATION - LABORATORY EQUIPMENT | $343,720 |
TRINITY EPISCOPAL SCHOOL PURPOSE: TRINITY 2024 CAPITAL CAMPAIGN | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
University Of Southern Mississippi Foundation Hattiesburg, MS | $151,472,857 | $19,113,544 |
Robert M Hearin Support Foundation Jackson, MS | $193,382,417 | $17,750,137 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |
University Of Texas Law School Foundation Austin, TX | $263,458,115 | $22,437,207 |
Dallas Seminary Foundation Dallas, TX | $76,216,359 | $8,000,736 |
Sul Ross State University Foundation Alpine, TX | $1,687,998 | $1,230,429 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |