Liatis Foundation
- Assets
- $10.0m
- Revenue
- -$152.1k
- Investments
- $9.6m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/1994
- Data as of
- 12/2018
- EIN
- 76-0420275
Organization Overview
Liatis Foundation is located in Houston, TX. The organization was established in 1994. 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.
For the year ending 12/2018, Liatis Foundation generated -$152.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $235.7k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITIES. IT ONLY DISBURSES CHARTIABLE FUNDS TO OTHER TAX EXEMPT ORANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juanita A Borick Director | 0 | $0 | |
Steven James Borick President | 0 | $0 | |
Linda Susan Borick Secretary | 0 | $0 | |
Robert Allen Borick Director | 0 | $0 | |
Lauren Brooke Johnson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $225,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$461,404 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $84,035 |
| Total Revenue | -$152,119 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,938 |
| Total operating and administrative expenses | $15,778 |
| Contributions, gifts, grants paid | $219,900 |
| Total expenses and disbursements | $235,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,816 |
| Savings and temporary cash investments | $303,846 |
| 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 | $1,732,090 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $67,201 |
| Total assets | $9,993,255 |
| 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, Liatis Foundation has awarded $219,900 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
MIZEL INSTITUTE PURPOSE: CHARITABLE DONATION | $10,000 |
CHABAD OF HAWAII PURPOSE: CHARITABLE DONATION | $500 |
COUNTERTERRORISM EDUCATION LEARNING LAB PURPOSE: CHARITABLE DONATION | $10,000 |
NORTHERN LIGHT SCHOOL PURPOSE: CHARITABLE DONATION | $10,000 |
CHABAD OF HAWAII PURPOSE: CHARITABLE DONATION | $5,400 |
GATEWAY TO HEAVEN CHURCH OF GOD IN CHRIST PURPOSE: CHARITABLE DONATION | $10,000 |