Louise H Moffett Family Foundation
- Assets
- $72.3k
- Revenue
- $500.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 11/1997
- Data as of
- 09/2021
- EIN
- 72-1345770
Organization Overview
Louise H Moffett Family Foundation is located in Metairie, 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. Louise H Moffett Family 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 09/2021, Louise H Moffett Family Foundation generated $500.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $455.8k during the year ending 09/2021. While expenses have increased by 14.6% 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.
Since 2020, Louise H Moffett Family Foundation has awarded 351 individual grants totaling $1,397,750. 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 |
|---|---|---|---|
Kenneth R Vega Treasurer | 1 | $0 | |
Louise H Moffett President | 1 | $0 | |
Crystal Moffett-Lourd Vice President | 1 | $0 | |
James R Moffett Jr Vice President | 1 | $0 | |
Cynthia M Molyneux Sec./exe.direct | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $3,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $500,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $560 |
| Total operating and administrative expenses | $2,295 |
| Contributions, gifts, grants paid | $453,500 |
| Total expenses and disbursements | $455,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,298 |
| 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 | $72,298 |
| 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, Louise H Moffett Family Foundation has awarded $453,500 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA STATE UNIVERSITY PURPOSE: COLLEGE SCHOLARSHIPS | $48,000 |
LOUISIANA STATE UNIVERSITY PURPOSE: COLLEGE SCHOLARSHIPS | $36,000 |
Flagstaff, AZ PURPOSE: COLLEGE SCHOLARSHIPS | $18,000 |
New Orleans, LA PURPOSE: HIGH SCHOOL SCHOLARSHIPS | $15,000 |
PHOENIX COLLEGE PURPOSE: COLLEGE SCHOLARSHIPS | $12,000 |
New Orleans, LA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Louise H Moffett Family Foundation has recieved totaling $151,500.
| Awarding Organization | Amount |
|---|---|
Goldring Family Foundation Metairie, LA PURPOSE: EDUCATION | $79,500 |
Goldring Family Foundation Metairie, LA PURPOSE: EDUCATION | $72,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |