Rollins Luethkemeyer Foundation Inc
- Assets
- $71.0m
- Revenue
- $3.3m
- Investments
- $69.1m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 04/1963
- Data as of
- 12/2022
- EIN
- 52-6041536
Organization Overview
Rollins Luethkemeyer Foundation Inc is located in Baltimore, MD. The organization was established in 1963. 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. Rollins Luethkemeyer Foundation Inc 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, Rollins Luethkemeyer Foundation Inc generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rollins Luethkemeyer Foundation Inc has awarded 61 individual grants totaling $11,919,822. 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
THE FOUNDATION MAKES CONTRIBUTIONS TO OTHER SECTION 501(C)(3) ORGANIZATIONS INVOLVED IN DIRECT CHARITABLE ACTIVITIES. SEE ATTACHED SCHEDULE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Luetkemeyer President | 5 | $0 | |
Richard E Levine Vice President / Secretary | 0 | $0 | |
Christina D Carr Treasurer | 3 | $20,000 | |
Thomas F Mullan III Director | 0 | $0 | |
Robert Black III Director | 5 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harbor Investment Advisory | 12/30/22 | $78,669 |
Brown Advisory | 12/30/22 | $62,504 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,010,067 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,265,803 |
| Capital Gain Net Income | $2,265,803 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,275,870 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $150,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $113,458 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $849 |
| Total operating and administrative expenses | $572,424 |
| Contributions, gifts, grants paid | $3,498,540 |
| Total expenses and disbursements | $4,070,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,161,506 |
| 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 | $35,639,111 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $700,419 |
| Total assets | $70,959,676 |
| Accounts payable and accrued expenses | $897 |
| 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 | $897 |
Grants Awarded
Over the last fiscal year, Rollins Luethkemeyer Foundation Inc has awarded $3,498,540 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ENDOWMENT FOUNDATION (APPLEWOOD DONOR ADVISED FUND) PURPOSE: UNRESTRICTED | $1,008,688 |
ENTITLEMENTS HOW INC PURPOSE: UNRESTRICTED | $100,000 |
CENTER STAGE PURPOSE: UNRESTRICTED | $5,000 |
NATIONAL SPORTING LIBRARY PURPOSE: UNRESTRICED | $25,000 |
MCDONOGH SCHOOL PURPOSE: VARIOUS | $558,852 |
GILCHRIST CENTER FOR HOSPICE CARE PURPOSE: UNRESTRICTED | $60,000 |