Azby Fund
- Assets
- $25.6m
- Revenue
- $1.5m
- Investments
- $18.7m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 12/1970
- Data as of
- 12/2023
- EIN
- 72-6049781
Organization Overview
Azby Fund is located in New Orleans, LA. The organization was established in 1970. 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. Azby Fund 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 12/2023, Azby Fund generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Azby Fund has awarded 220 individual grants totaling $3,490,920. 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 |
|---|---|---|---|
Ann Fitzmorris President | 1 | $0 | |
Aimee' F Siegel Director | 0.5 | $0 | |
James R Morton Secretary Treasurer | 0.5 | $0 | |
Michael S Liebaert Executive Director Retired | 0.5 | $0 | |
Michael S Liebaert Secretary Treasurer | 35 | $95,605 | |
Patrick W Fitzmorris Executive Director | 35 | $171,356 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,128 |
| Dividends & Interest | $542,381 |
| Net Rental Income | $70,888 |
| Net Gain on Sale of Assets | $447,617 |
| Capital Gain Net Income | $447,617 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $359,582 |
| Total Revenue | $1,525,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $266,961 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $158,181 |
| Interest | $3,198 |
| Taxes | $231,368 |
| Depreciation | $2,940 |
| Occupancy | $46,809 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,171 |
| Total operating and administrative expenses | $925,179 |
| Contributions, gifts, grants paid | $715,000 |
| Total expenses and disbursements | $1,640,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360 |
| Savings and temporary cash investments | $1,393,246 |
| Net Accounts receivable | $12,891 |
| 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 | $5,398,809 |
| Investments—mortgage loans | $0 |
| Investments—other | $316,555 |
| Net Land, buildings, and equipment | $67,922 |
| Other assets | $5,520 |
| Total assets | $25,573,711 |
| Accounts payable and accrued expenses | $2,500 |
| 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 | $14,350 |
| Total liabilities | $16,850 |
Grants Awarded
Over the last fiscal year, Azby Fund has awarded $715,000 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
30 X NINETY THEATRE INC PURPOSE: ARTS THEATER | $2,500 |
ANTENNA PURPOSE: ARTS | $1,500 |
ARCHBISHOP HANNAN HIGH SCHOOL PURPOSE: EDUCATIONAL | $12,500 |
ART KLUB NOLA INC PURPOSE: ARTS | $2,000 |
ARTS COUNCIL OF NEW ORLEANS PURPOSE: ARTS | $10,000 |
BROTHER MARTIN HIGH SCHOOL PURPOSE: EDUCATIONAL | $2,500 |