Kay Hardesty Logan Foundation
- Assets
- $4.0m
- Revenue
- $1.5m
- Investments
- $3.7m
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 01/2013
- Data as of
- 12/2022
- EIN
- 46-0912518
Organization Overview
Kay Hardesty Logan Foundation is located in Alexandria, VA. The organization was established in 2013. 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. Kay Hardesty 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 12/2022, Kay Hardesty Logan Foundation generated $1.5m 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 (9.2%) each year. All expenses for the organization totaled $775.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kay Hardesty Logan Foundation has awarded 41 individual grants totaling $1,665,140. 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 |
|---|---|---|---|
Marty W Merkley Director/president & Sec. | 1 | $0 | |
Mary Laughlin Jensen Director/vice President | 0.1 | $0 | |
Mary Henderson Palmer Director/treasurer | 0.1 | $0 | |
Lisa M Hughes ESQ Assistant Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500,000 |
| Interest on Savings | $4,814 |
| Dividends & Interest | $71,102 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$88,866 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,487,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,261 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,169 |
| Printing and publications | $0 |
| Other expenses | $46 |
| Total operating and administrative expenses | $54,985 |
| Contributions, gifts, grants paid | $720,390 |
| Total expenses and disbursements | $775,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $301,922 |
| 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 | $2,663,403 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,395 |
| Total assets | $4,033,381 |
| 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, Kay Hardesty Logan Foundation has awarded $720,390 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
A GIFT FOR MUSIC PURPOSE: GENERAL PURPOSES | $45,500 |
A GIFT FOR TEACHING INC PURPOSE: GENERAL PURPOSES | $15,000 |
CHAUTAUQUA FOUNDATION PURPOSE: JEFFREY GREENE CERAMICS SCHOOL | $5,020 |
CHAUTAUQUA FOUNDATION PURPOSE: DAVID EFFRON CONDUCTING FELLOWSHIP | $4,870 |
CHAUTAUQUA FOUNDATION PURPOSE: UILTZ STROHL ART EXHIBIT | $7,500 |
ORLANDO PHILHARMONIC ORCHESTRA PURPOSE: 2021 EDUCATION PROGRAMS | $55,000 |