Milton H Latter Educational And Charitable Foundation
- Assets
- $1.0m
- Revenue
- $75.2k
- Investments
- $1.0m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/1947
- Data as of
- 12/2021
- EIN
- 72-6028027
Organization Overview
Milton H Latter Educational And Charitable Foundation is located in New Orleans, LA. The organization was established in 1947. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milton H Latter Educational And Charitable 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, Milton H Latter Educational And Charitable Foundation generated $75.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $49.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa A Schlesinger Vice-President | 0 | $0 | |
Katherine L Buckman President | 0 | $0 | |
Patricia L Barnett Vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,907 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,305 |
| Capital Gain Net Income | $45,305 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,351 |
| Contributions, gifts, grants paid | $42,000 |
| Total expenses and disbursements | $49,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211 |
| 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 | $1,031,026 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,031,237 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $42,000 |
| 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 | $42,000 |
Grants Awarded
Over the last fiscal year, Milton H Latter Educational And Charitable Foundation has awarded $100,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND HARVEST FOOD BANK PURPOSE: COMMUNITY SUPPORT | $25,000 |
TEMPLE SINAI PURPOSE: RELIGIOUS | $25,000 |
SECOND HARVEST FOOD BANK PURPOSE: COMMUNITY SUPPORT | $25,000 |
TEMPLE SINAI PURPOSE: RELIGIOUS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Houston Foundation Houston, TX | $176,095,945 | $16,062,659 |
Harmony Education Foundation Houston, TX | $114,104,071 | $8,179,563 |
Mc Neese State University Foundation Lake Charles, LA | $101,832,401 | $15,814,029 |
University Of Houston Law Foundation Houston, TX | $45,914,455 | $12,108,059 |
The Texas A & M University Commerce Foundation Commerce, TX | $38,245,128 | $4,326,106 |
Provident Group - Tubman Quad Properties Inc Baton Rouge, LA | $65,014,017 | $2,517,219 |
Lsu Real Estate And Facilities Foundation Baton Rouge, LA | $27,883,351 | $21,043,945 |
Alamo Colleges Foundation Inc San Antonio, TX | $77,782,031 | $21,582,510 |
Plumbers And Steamfitters Health Welfare And Educational Fund Metairie, LA | $10,022,630 | $8,551,794 |
Mary R Gallaspy Charitable Trust No Two Natchitoches, LA | $32,819,833 | $7,568,243 |
Texas Music Educators Association Inc Austin, TX | $10,305,852 | $5,351,237 |
Texas High School Rodeo Association Inc Center, TX | $1,481,050 | $6,538,446 |