Louis Legacy Foundation
- Assets
- $1.5m
- Revenue
- $69.2k
- Investments
- $1.5m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 20-3788008
Organization Overview
Louis Legacy Foundation is located in Chicago, IL. The organization was established in 2006. 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. Louis Legacy 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, Louis Legacy Foundation generated $69.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $128.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis Legacy Foundation has awarded 36 individual grants totaling $497,870. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Louis President | 0.1 | $0 | |
Sidney Hulburd Vice President | 0.1 | $0 | |
John J Louis IV Treasurer | 0.1 | $0 | |
Maddie Louis Secretary | 0.1 | $0 | |
Rhys Louis Member Liaison | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,480 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,176 |
| Capital Gain Net Income | $23,176 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,521 |
| Total Revenue | $69,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,005 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,064 |
| Total operating and administrative expenses | $24,568 |
| Contributions, gifts, grants paid | $103,750 |
| Total expenses and disbursements | $128,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,689 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,389 |
| Total assets | $1,540,504 |
| 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 | $8,738 |
| Total liabilities | $8,738 |
Grants Awarded
Over the last fiscal year, Louis Legacy Foundation has awarded $105,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S MUSEUM OF THE ARTS PURPOSE: EDUCATION | $7,000 |
DESERT VOICES ORAL LEARNING CENTER PURPOSE: ELEMENTARY, SECONDARY EDUCATION | $10,000 |
HEALTHY BEGINNINGS PURPOSE: MEDICAL & EDUCATION | $5,000 |
LOVE YOUR BRAIN FOUNDATION INC PURPOSE: MEDICAL | $5,000 |
STOMP OUT BULLYING PURPOSE: CHARITABLE | $10,000 |
SQUASH & EDUCATION ALLIANCE PURPOSE: EDUCATION | $10,000 |