Looser Flake Charitable Foundationnfp
- Assets
- $6.6m
- Revenue
- $730.0k
- Investments
- $6.3m
- Employees
- 0
- Location
- Moline, IL
- Founding
- 08/2009
- Data as of
- 12/2021
- 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 12/2021, Looser Flake Charitable Foundationnfp generated $730.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $471.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Looser Flake Charitable Foundationnfp has awarded 11 individual grants totaling $672,499. 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 |
|---|---|---|---|
Community Fdn Of The Great River Be Consultant | 20 | $48,000 | |
Quad City Bank Trust Company Investment Manager | 20 | $43,554 | |
Frank S Mitvalsky Director | 1 | $0 | |
John A Slover Director/president/asst Se | 1 | $0 | |
Tracy Brashears Director/secretary/treasur | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,433 |
| Dividends & Interest | $161,223 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $561,324 |
| Capital Gain Net Income | $561,324 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $729,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $91,554 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,406 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63 |
| Total operating and administrative expenses | $113,951 |
| Contributions, gifts, grants paid | $357,043 |
| Total expenses and disbursements | $470,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$21 |
| Savings and temporary cash investments | $332,304 |
| 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 | $6,623,092 |
| 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 $357,043 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SHERRARD CUSD #200 PURPOSE: GRANT AWARD FOR COMMITMENT TO INNOVATION | $96,887 |
MERCER COUNTY SCHOOL DISTRICT PURPOSE: GRANT AWARDED FOR VOCATIONAL MODERNIZATION INITIATIVE | $88,156 |
MERCER COUNTY HEALTH DEPARTMENT PURPOSE: GRANT AWARDED FOR SUPPORT MENTAL HEALTH ACTION PROGRAM | $52,000 |
Aledo, IL PURPOSE: GRANT TO SUPPORT 2021 BACKBONE SUPPORT & CHALLENGE | $50,000 |
MERCER COUNTY FAMILY YMCA PURPOSE: GRANT TO SUPPORT CONTINUING THE DREAM CAPITAL CAMPAIGN | $50,000 |
Bettendorf, IA PURPOSE: CONTRIBUTION TO LOOSER FLAKE FOUNDATION FUND | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |