Loebs Family Foundation
- Assets
- $2.4m
- Revenue
- $266.6k
- Investments
- $2.4m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 31-6653452
Organization Overview
Loebs Family Foundation is located in Boston, MA. The organization was established in 2001. 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. Loebs Family 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, Loebs Family Foundation generated $266.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $528.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Loebs Family Foundation has awarded 67 individual grants totaling $1,950,000. 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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard C Loebs Trustee | 1 | $0 | |
Stephen A Haire Trustee | 1 | $0 | |
Louise M Nadler Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $395 |
| Dividends & Interest | $65,254 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $200,913 |
| Capital Gain Net Income | $200,913 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $47 |
| Total Revenue | $266,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $43,499 |
| Contributions, gifts, grants paid | $485,000 |
| Total expenses and disbursements | $528,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,404 |
| 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 | $2,400,834 |
| 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, Loebs Family Foundation has awarded $485,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ST COLUMBA'S CHAPEL PURPOSE: UNRESTRICTED | $110,000 |
TRINITY EPISCOPAL CHURCH PURPOSE: UNRESTRICTED | $10,000 |
LEMON BAY CONSERVANCY PURPOSE: UNRESTRICTED | $25,000 |
SUNCOAST HUMANE SOCIETY PURPOSE: CAPITAL CAMPAIGN-NEW | $25,000 |
BRIGHAM AND WOMEN'S HOSPITAL PURPOSE: VASCULAR MEDICINE | $10,000 |
AQUIDNECK LAND TRUST PURPOSE: UNRESTRICTED FOR GENERAL | $50,000 |