W P & Bulah Luse Foundation
- Assets
- $12.7m
- Revenue
- $1.7m
- Investments
- $11.8m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/1949
- Data as of
- 12/2023
- EIN
- 75-6007639
Organization Overview
W P & Bulah Luse Foundation is located in Dallas, TX. The organization was established in 1949. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. W P & Bulah Luse 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 12/2023, W P & Bulah Luse Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 6.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W P & Bulah Luse Foundation has awarded 277 individual grants totaling $2,490,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America Trustee | 1 | $191,641 | |
Karen Shuford - Co Boa Grant Advisor | 10 | $1,000 | |
Daniel Kelley - Co Boa Grant Advisor | 10 | $1,000 | |
Richard Kerr-Co Boa Grant Advisor | 10 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $329,902 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,545 |
| Capital Gain Net Income | $6,545 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,357,430 |
| Total Revenue | $1,693,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $194,641 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,849 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $127,902 |
| Total operating and administrative expenses | $391,330 |
| Contributions, gifts, grants paid | $680,000 |
| Total expenses and disbursements | $1,071,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $935,596 |
| 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 | $1 |
| Total assets | $12,719,854 |
| 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, W P & Bulah Luse Foundation has awarded $680,000 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
WESLEY RANKIN COMMUNITY CENTER PURPOSE: PEAK ASCEND & SUMMER AFTER | $15,000 |
MENTAL HEALTH AMERICA OF GREATER DALLAS PURPOSE: SUPPORT "WE HELP OURSELVES" | $10,000 |
THE SENIOR SOURCE OF GREATER DALLAS PURPOSE: SUPPORT GUARDIANSHIP FOR | $15,000 |
KIPP AUSTIN PUBLIC SCHOOLS INC PURPOSE: UNRESTRICTED GENERAL | $10,000 |
AMERICAN CANCER SOCIETY NORTH TX PURPOSE: TRANSPORTATION PROGRAM FOR | $5,000 |
HOLY TRINITY CATHOLIC SCHOOL PURPOSE: TUITION ASSISTANCE | $15,000 |