Lorio Foundation
- Assets
- $0.0
- Revenue
- $3.8m
- Investments
- $23.4m
- Employees
- 0
- Location
- Thibodaux, LA
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 72-1318244
Organization Overview
Lorio Foundation is located in Thibodaux, LA. The organization was established in 1997. 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. Lorio 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, Lorio Foundation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Camille A Morvant III Exec Dir | 30 | $68,250 | |
Christopher Terracina Pres | 5 | $0 | |
Rita Dickie Vice Pres | 30 | $64,714 | |
Ann Boudreaux Cpa | 10 | $37,800 | |
Rita H Dickie Vice Pres | 30 | $64,714 | |
Camille Morvant II Exec Dir | 30 | $68,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,323 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,442,598 |
| Profit on Inventory Sales | $0 |
| Other Income | $283 |
| Total Revenue | $3,769,163 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,964 |
| Pension plans, employee benefits | $0 |
| Depreciation | $5,710 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $321,576 |
| Contributions, gifts, grants paid | $1,328,312 |
| Total expenses and disbursements | $1,649,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,614 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $22,552 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |