Louise H Moffett Family Foundation
- Assets
- $50.3k
- Revenue
- $671.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 11/1997
- Data as of
- 09/2023
- 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 09/2023, Louise H Moffett Family Foundation generated $671.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $652.9k during the year ending 09/2023. While expenses have increased by 19.9% per year over the past 4 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 362 individual grants totaling $1,981,250. 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 | $671,500 |
| 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 | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $671,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,223 |
| Total operating and administrative expenses | $2,888 |
| Contributions, gifts, grants paid | $650,000 |
| Total expenses and disbursements | $652,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,261 |
| 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 | $50,261 |
| 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 $650,000 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN INSTITUTE FOR FOREIGN STUDIES(AIFS) PURPOSE: COLLEGE SCHOLARSHIPS | $3,000 |
ARCHBISHOP HANNAN HIGH SCHOOL PURPOSE: HIGH SCHOOL SCHOLARSHIPS | $12,000 |
ARCHBISHOP RUMMEL HIGH SCHOOL PURPOSE: HIGH SCHOOL SCHOLARSHIPS | $3,000 |
ARIZONA STATE UNIVERSITY PURPOSE: COLLEGE SCHOLARSHIPS | $60,000 |
AUDUBON NATURE INSTITUTE INC PURPOSE: ENVIRONMENTAL AWARENESS | $15,000 |
BATON ROUGE COMMUNITY COLLEGE PURPOSE: COLLEGE SCHOLARSHIPS | $3,000 |