The Looper Foundation
- Assets
- $43.7m
- Revenue
- $2.6m
- Investments
- $32.8m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1991
- Data as of
- 12/2022
- EIN
- 76-0330594
Organization Overview
The Looper Foundation is located in Houston, TX. The organization was established in 1991. 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. Looper 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, Looper Foundation generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 7 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, Looper Foundation has awarded 32 individual grants totaling $3,340,128. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE FOUNDATION ENGAGES CONSULTANTS TO ADVISE ITS GRANTEES IN THE AREAS OF OPERATING EFFICIENCY, COMMUNITY PROFILE AND AWARENESS, RELATIONS AMONG OPERATING PERSONNEL, COUNSELING AND PROGRAM EVALUATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Looper President | 10 | $0 | |
Jeannie Lynn Able Vice Pres. | 2 | $0 | |
Doris Looper Secretary | 2 | $0 | |
Tanya Jean Pitre Treasurer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hire Universe | 12/30/22 | $120,000 |
Lynn Ziegenfuss | 12/30/22 | $77,296 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $56,400 |
| Interest on Savings | $13,339 |
| Dividends & Interest | $441,577 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,055,746 |
| Capital Gain Net Income | $284,072 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,027,970 |
| Total Revenue | $2,595,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $171,292 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,394 |
| Printing and publications | $0 |
| Other expenses | $411,584 |
| Total operating and administrative expenses | $905,192 |
| Contributions, gifts, grants paid | $1,690,128 |
| Total expenses and disbursements | $2,595,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,682 |
| Savings and temporary cash investments | $10,798,750 |
| 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 | $6,507,171 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,700,230 |
| 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, The Looper Foundation has awarded $1,690,128 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
KANAKUK MINISTRIES PURPOSE: GENERAL SUPPORT | $42,333 |
FULLER THEOLOGICAL SEMINARY PURPOSE: CENTER FOR SPIRITUAL FORMATION | $110,000 |
FULLER THEOLOGICAL SEMINARY PURPOSE: VOCATION FORMATION GRANT | $120,900 |
ECO PURPOSE: ORDINATION PROCESS GRANT | $100,000 |
FULLER THEOLOGICAL SEMINARY PURPOSE: DE PREE LEADERSHIP CENTER | $186,895 |
GORDON-CONWELL THEOLOGICAL SEMINARY INC PURPOSE: DISCIPLESHIP GRANT | $300,000 |