Louis And Gladyce Foster Family Foundation
- Assets
- $0.0
- Revenue
- $100.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Stockton, CA
- Founding
- 03/2015
- Data as of
- 06/2020
- EIN
- 47-1512976
Organization Overview
Louis And Gladyce Foster Family Foundation is located in Stockton, CA. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louis And Gladyce Foster 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 06/2020, Louis And Gladyce Foster Family Foundation generated $100.3k 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 (46.9%) each year. All expenses for the organization totaled $15.5m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis And Gladyce Foster Family Foundation has awarded 109 individual grants totaling $39,718,879. 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 |
|---|---|---|---|
Judith D Witt President | 2 | $0 | |
Craig G Witt Secretary | 2 | $0 | |
Basil G Witt Director | 2 | $0 | |
Steven L Witt Director | 2 | $0 | |
Diana N Oyster Director | 2 | $0 | |
Christopher Witt Treasurer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neuberger Berman | 6/29/20 | $93,085 |
Bowman & Company Llp | 6/29/20 | $53,420 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $177,992 |
| Dividends & Interest | $132,943 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$208,796 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,822 |
| Total Revenue | $100,317 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,615 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $109,296 |
| Total operating and administrative expenses | $260,416 |
| Contributions, gifts, grants paid | $15,285,308 |
| Total expenses and disbursements | $15,545,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Louis And Gladyce Foster Family Foundation has awarded $15,285,308 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
PARENTS TELEVISION COUNCIL PURPOSE: CHARITABLE | $35,000 |
PAWS FOR PURPLE HEARTS PURPOSE: CHARITABLE | $10,000 |
WEST HILLS HIGH SC PURPOSE: CHARITABLE | $10,000 |
SAINT FRANCIS HIGH SCHOOL PURPOSE: CHARITABLE | $10,000 |
FRIENDS OF ROBINSON GARDENS PURPOSE: CHARITABLE | $10,000 |
HANDS FOR HOPE PURPOSE: CHARITABLE | $10,000 |