Ella West Freeman Foundation
- Assets
- $22.4m
- Revenue
- $883.6k
- Investments
- $21.9m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 06/1941
- Data as of
- 12/2022
- EIN
- 72-6018322
Organization Overview
Ella West Freeman Foundation is located in New Orleans, LA. The organization was established in 1941. 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. Ella West Freeman 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 12/2022, Ella West Freeman Foundation generated $883.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ella West Freeman Foundation has awarded 61 individual grants totaling $4,649,381. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Freeman Chair | 1 | $0 | |
Virgnia Rowan Secretary | 1 | $0 | |
Philip Woollam Trustee | 1 | $0 | |
R West Freeman III Vice Chair | 1 | $0 | |
Peter Freeman Trustee | 1 | $0 | |
Sarah Freeman Carey Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,260 |
| Dividends & Interest | $388,547 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $503,039 |
| Capital Gain Net Income | $503,451 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$15,267 |
| Total Revenue | $883,579 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,965 |
| Total operating and administrative expenses | $176,183 |
| Contributions, gifts, grants paid | $1,351,833 |
| Total expenses and disbursements | $1,528,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $375,247 |
| 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 | $21,944,054 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $38,892 |
| Total assets | $22,358,193 |
| 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, Ella West Freeman Foundation has awarded $1,486,833 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS - SEE ATTACHED STATEMENT PURPOSE: SEE ATTACHED | $1,351,604 |
FROM PASS-THROUGHS PURPOSE: VARIOUS | $229 |
BRIDGE HOUSE CORPORATION PURPOSE: SEE ATTACHED | $25,000 |
DEEP SOUTH TODAY PURPOSE: SEE ATTACHED | $50,000 |
GREATER NEW ORLEANS FOUNDATION PURPOSE: SEE ATTACHED | $60,000 |