David I Oreck Foundation
- Assets
- $2.2m
- Revenue
- $123.6k
- Investments
- $2.2m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 72-1486909
Organization Overview
David I Oreck Foundation is located in New Orleans, LA. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. David I Oreck 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, David I Oreck Foundation generated $123.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $114.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, David I Oreck Foundation has awarded 70 individual grants totaling $849,525. 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
THE FOUNDATION MADE DONATIONS TO VARIOUS 501(C) 3 ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David I Oreck President | 0.6 | $0 | |
Bruce J Oreck Treasurer | 0.6 | $0 | |
Thomas A Oreck Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $62,360 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,045 |
| Capital Gain Net Income | $61,045 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $175 |
| Total Revenue | $123,580 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,793 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,509 |
| Total operating and administrative expenses | $10,802 |
| Contributions, gifts, grants paid | $103,575 |
| Total expenses and disbursements | $114,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,563 |
| 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 | $1,209 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,241,950 |
| Accounts payable and accrued expenses | $3,500 |
| 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 | $3,500 |
Grants Awarded
Over the last fiscal year, David I Oreck Foundation has awarded $103,575 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Metairie, LA PURPOSE: RELIGIOUS | $35,000 |
WYES-TV PURPOSE: PUBLIC BROADCASTING | $25,000 |
New Orleans, LA PURPOSE: WWII SUPPORT | $15,000 |
MAYO FOUNDATION PURPOSE: PUBLICATION IN MEDIA | $10,000 |
Glendale, CA PURPOSE: HUMANITARIAN | $5,000 |
FLAME PURPOSE: PUBLICATION IN MEDIA | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Walton Family Charitable Support Foundation Inc Bentonville, AR | $1,144,906,373 | $82,175,150 |
Nancy Ann Hunt Foundation Dallas, TX | $31,623,544 | $3,101,295 |
Don & Sybil Harrington Foundation Amarillo, TX | $137,610,156 | $21,691,315 |
John G Kenedy Jr Charitable Trust San Antonio, TX | $156,709,366 | $16,142,301 |
Bnsf Foundation Fort Worth, TX | $5,580,534 | $10,145,505 |
Walter S & Evan C Jones Trust Bank Iv Kansas Na Ttee Dallas, TX | $63,158,301 | $11,519,606 |
Thomas M & Helen Mckee & John P Ryan Foundation Inc Fort Worth, TX | $135,188,288 | $6,250,331 |
Charles G Woodward Tr Uw Dallas, TX | $129,576,152 | $18,439,245 |
John G Kenedy Jr Charitable Tr -Surface Estate Tr San Antonio, TX | $47,111,872 | $10,559,440 |
Mccombs Enterprises Flexible Benefit Cafeteria Plan & Trust San Antonio, TX | $5,330,904 | $6,919,349 |
David M Crowley Foundation Dallas, TX | $161,428,863 | $16,560,741 |
El Rosario Charitable Trust Brownsville, TX | $1,099,454 | $4,709,069 |