Loughlin Family Foundation Inc
- Assets
- $653.6k
- Revenue
- $30.9k
- Investments
- $629.5k
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 22-3547366
Organization Overview
Loughlin Family Foundation Inc is located in Philadelphia, PA. The organization was established in 1998. 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. Loughlin 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 12/2022, Loughlin Family Foundation Inc generated $30.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $58.6k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William D Loughlin President | 1 | $0 | |
John P Loughlin Treasurer | 1 | $0 | |
Thomas G Loughlin Trustee | 1 | $0 | |
James M Loughlin Trustee | 1 | $0 | |
Mark T Loughlin Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,807 |
| Capital Gain Net Income | $18,807 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,916 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,133 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,240 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,090 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $58,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,078 |
| 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 | $629,534 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $653,612 |
| 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, Loughlin Family Foundation Inc has awarded $32,500 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
TEWKSBURY LAND TRUST PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |
ENGINEERS FOR A SUSTAINABLE PURPOSE: GENERAL CHARITABLE PURPOSES | $3,000 |
RARITAN HEADWATERS ASSOCIATION PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |
TEWKSBURY FAMILY ASSISTANCE PURPOSE: GENERAL CHARITABLE PURPOSES | $750 |
TRUSTEES OF HAMPSHIRE PURPOSE: GENERAL CHARITABLE PURPOSES | $100 |
FLEMINGTON AREA FOOD PANTRY PURPOSE: GENERAL CHARITABLE PURPOSES | $750 |