Loeb Family Foundation Inc
- Assets
- $2.4m
- Revenue
- $235.8k
- Investments
- $2.4m
- Employees
- 0
- Location
- Winnetka, IL
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 83-3165912
Organization Overview
Loeb Family Foundation Inc is located in Winnetka, IL. The organization was established in 2019. 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. Loeb Family Foundation Inc 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, Loeb Family Foundation Inc generated $235.8k 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 (25.4%) each year. All expenses for the organization totaled $149.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Loeb Family Foundation Inc has awarded 197 individual grants totaling $459,590. 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 |
|---|---|---|---|
Edward Loeb President | 0 | $0 | |
Courtney Loeb Secretary | 0 | $0 | |
Brian Callahan Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $208,800 |
| Interest on Savings | $14,781 |
| Dividends & Interest | $23,287 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,106 |
| Capital Gain Net Income | $97,156 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $235,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,052 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,962 |
| Total operating and administrative expenses | $7,964 |
| Contributions, gifts, grants paid | $141,875 |
| Total expenses and disbursements | $149,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,266 |
| 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 | $1,319,485 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,420,186 |
| 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, Loeb Family Foundation Inc has awarded $141,875 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
A JUST HARVEST PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
AID FOR WOMEN PURPOSE: CHARITABLE CONTRIBUTIONS | $500 |
AJCORG PURPOSE: CHARITABLE CONTRIBUTION | $1,500 |
AMERICA FIRST LEGAL PURPOSE: CHARITABLE CONTRIBUTION | $1,900 |
AMERICA FIRST POLICY INSTITUTE PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE CONTRIBUTION | $100 |