Looser Flake Charitable Foundationnfp
- Assets
- $6.0m
- Revenue
- $206.7k
- Investments
- $5.8m
- Employees
- 0
- Location
- Moline, IL
- Founding
- 08/2009
- Data as of
- 12/2023
- EIN
- 20-8397881
Organization Overview
Looser Flake Charitable Foundationnfp is located in Moline, IL. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Looser Flake Charitable Foundationnfp 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, Looser Flake Charitable Foundationnfp generated $206.7k 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 (6.2%) each year. All expenses for the organization totaled $493.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Looser Flake Charitable Foundationnfp has awarded 48 individual grants totaling $1,477,446. 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 |
|---|---|---|---|
Tracy Brashears Director/secretary/treasurer | 1 | $0 | |
Frank Mitvalsky Director | 1 | $0 | |
John A Slover Director/president/asst Sec | 1 | $0 | |
Name Not Listed Consultant | 20 | $50,182 | |
Name Not Listed Investment Manager | 20 | $38,906 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33,463 |
| Dividends & Interest | $164,118 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,166 |
| Capital Gain Net Income | $9,166 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $206,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $89,088 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,048 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $105,442 |
| Contributions, gifts, grants paid | $388,251 |
| Total expenses and disbursements | $493,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $190,992 |
| 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 | $0 |
| Total assets | $5,970,623 |
| 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, Looser Flake Charitable Foundationnfp has awarded $388,251 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF KEITHSBURG PURPOSE: RIVERFRONT PERFORMANCE | $30,000 |
QUAD CITIES COMMUNITY FOUNDATION PURPOSE: GRANTS W/IN CHAR PURPOSE OF | $25,000 |
AUGUSTANA COLLEGE PURPOSE: 2023 INSTALLMENT-LOOSER | $10,000 |
ALEDO MAIN STREET INC PURPOSE: MERCER COUNTY ART | $6,700 |
COMMUNITY PROJECTS FOR ALEDO INC PURPOSE: MERCER CO COMM BAND-UPGRADE | $2,000 |
COMMUNITY PROJECTS OF ALEDO INC PURPOSE: LIGHTING & SOUND-CENTRAL | $10,000 |