Reva & David Logan Foundation
- Assets
- $54.7m
- Revenue
- $9.8m
- Investments
- $40.3m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1966
- Data as of
- 12/2021
- EIN
- 36-6139439
Organization Overview
Reva & David Logan Foundation is located in Chicago, IL. The organization was established in 1966. 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. Reva & David Logan 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 12/2021, Reva & David Logan Foundation generated $9.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $13.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Reva & David Logan Foundation has awarded 546 individual grants totaling $31,899,342. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Logan President/director/treasurer | 40 | $150,000 | |
Preeti Veerlapati Grants Manager | 40 | $95,000 | |
Lyle R Allen Jr Program Officer | 40 | $80,231 | |
Jessica P Mott Program Officer | 40 | $75,462 | |
Chris M Huaracha Accounting Manager | 40 | $73,250 | |
Crystal Logan Secretary/director | 30 | $67,923 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rsm Us Llp | 12/30/21 | $89,050 |
South Lakeview Llc | 12/30/21 | $100,000 |
Foley & Lardner Llp | 12/30/21 | $113,299 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $270 |
| Dividends & Interest | $69,920 |
| Net Rental Income | -$45,220 |
| Net Gain on Sale of Assets | $9,428,311 |
| Capital Gain Net Income | $9,428,311 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,797,033 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $217,923 |
| Other employee salaries and wages | $449,769 |
| Pension plans, employee benefits | $5,000 |
| Interest | $271,504 |
| Taxes | $195,530 |
| Depreciation | $242,231 |
| Occupancy | $69,679 |
| Travel, conferences, and meetings | $6,344 |
| Printing and publications | $0 |
| Other expenses | $344,834 |
| Total operating and administrative expenses | $2,124,141 |
| Contributions, gifts, grants paid | $11,451,124 |
| Total expenses and disbursements | $13,575,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,944 |
| Savings and temporary cash investments | $3,655,142 |
| 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 | $930,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $3,091,357 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,532,984 |
| Other assets | $0 |
| Total assets | $54,742,714 |
| 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 | $18,316,642 |
| Total liabilities | $18,316,642 |
Grants Awarded
Over the last fiscal year, Reva & David Logan Foundation has awarded $16,159,168 in support to 262 organizations.
| Grant Recipient | Amount |
|---|---|
Emeryville, CA PURPOSE: GENERAL OPERATING | $500,312 |
Chicago, IL PURPOSE: BPNC'S COLLEGE SUCCESS PROGRAM | $414,245 |
Emeryville, CA PURPOSE: GENERAL OPERATING | $400,000 |
THE PEOPLE'S MUSIC SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $350,000 |
Milwaukee, WI PURPOSE: GENERAL OPERATING | $320,000 |
ROSES IN CONCRETE COMMUNITY SCHOOL PURPOSE: GENERAL OPERATING | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
William R Kenan Jr Charitable Trust Chicago, IL | $564,490,046 | $137,606,226 |
Polk Bros Foundation Inc Chicago, IL | $329,136,356 | $57,050,478 |
Pritzker Foundation Chicago, IL | $0 | $47,756,040 |
Trott Family Foundation Chicago, IL | $0 | $2,395,873 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Manton Foundation Chicago, IL | $499,091,994 | $69,635,634 |