Salmen Family Foundation
- Assets
- $3.0m
- Revenue
- -$120.4k
- Investments
- $2.7m
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 04/1962
- Data as of
- 03/2024
- EIN
- 72-6027566
Organization Overview
Salmen Family Foundation is located in Metairie, LA. The organization was established in 1962. 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. Salmen 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.
Since 2016, Salmen Family Foundation has awarded 191 individual grants totaling $1,577,000. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PAID - SCHEDULED ON PAGE 11, PART XV
ADMINISTRATIVE EXPENSES
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 |
|---|---|---|---|
Ralph C Cox Jr Treasurer/ Director | 0.5 | $0 | |
Nancy Ciraulo Vice President/ Director | 0.5 | $0 | |
Frederick Lewis President/director | 0.5 | $0 | |
Tom Thornhill Director | 0.5 | $0 | |
Caroline Lewis Secretary/director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,707 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$179,772 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $621 |
| Total Revenue | -$120,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $41 |
| Taxes | $421 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33 |
| Total operating and administrative expenses | $19,559 |
| Contributions, gifts, grants paid | $198,000 |
| Total expenses and disbursements | $217,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,112 |
| Savings and temporary cash investments | $271,635 |
| 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 | $3,030,063 |
| 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, Salmen Family Foundation has awarded $198,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGE HOUSE GRACE HOUSE PURPOSE: UNRESTRICTED | $5,000 |
BOYS HOPE GIRLS HOPE OF NEW ORLEANS PURPOSE: UNRESTRICTED | $30,000 |
CLEAR ANSWERS TO LA MENTAL HEALTH CALM PURPOSE: UNRESTRICTED | $15,000 |
BRIGHT SCHOOL FOR THE DEAF PURPOSE: UNRESTRICTED | $1,000 |
COMMUNITY CHRISTIAN CONCERN PURPOSE: UNRESTRICTED | $10,000 |
FAMILY PROMISE OF ST TAMMANY PURPOSE: UNRESTRICTED | $2,000 |