Leo W Seal United Methodist Church Trust
- Assets
- $17.5m
- Revenue
- $2.3m
- Investments
- $16.5m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/2011
- Data as of
- 12/2021
- EIN
- 27-0169216
Organization Overview
Leo W Seal United Methodist Church Trust is located in New Orleans, LA. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Leo W Seal United Methodist Church Trust 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, Leo W Seal United Methodist Church Trust generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $459.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Leo W Seal United Methodist Church Trust has awarded 30 individual grants totaling $1,786,731. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF THE MAIN STREET UNITED METHODIST CHURCH
SUPPORT OF THE MS METHODIST HOSPITAL AND REHABILITATION CENT
SUPPORT OF THE UNITED METHODIST CHILDREN'S HOME
SUPPORT OF THE SEASHORE UNITED METHODIST ASSEMBLY
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $584,863 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,716,524 |
| Capital Gain Net Income | $1,716,524 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,301,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $119,030 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,251 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $170,221 |
| Contributions, gifts, grants paid | $289,369 |
| Total expenses and disbursements | $459,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000,930 |
| 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 | $0 |
| Total assets | $17,519,447 |
| 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, Leo W Seal United Methodist Church Trust has awarded $289,369 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MAIN STREET UMC PURPOSE: GENERAL SUPPORT | $82,180 |
MS METHODIST REHAB CENTER PURPOSE: GENERAL SUPPORT | $41,380 |
UNITED METHODIST CHILDREN'S HOME PURPOSE: GENERAL SUPPORT | $41,380 |
GENERAL COUNCIL ON FINANCE AND ADMINS OF PURPOSE: GENERAL SUPPORT | $34,435 |
BOARD OF PENSION PURPOSE: GENERAL SUPPORT | $34,435 |
WAVELAND UMC PURPOSE: GENERAL SUPPORT | $12,223 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
Impetus Foundation San Antonio, TX | $248,495,187 | $85,291,192 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |