Trustees Of The Louise Home
- Assets
- $6.4m
- Revenue
- $304.9k
- Investments
- $6.3m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 04/1938
- Data as of
- 12/2022
- EIN
- 53-0196601
Organization Overview
Trustees Of The Louise Home is located in Bethesda, MD. The organization was established in 1938. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Trustees Of The Louise Home 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, Trustees Of The Louise Home generated $304.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $395.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS TO LISNER HOME TO REIMBURSE IT FOR LOUISE HOME'S SHARE OF EXPENSE FOR THE MAINTENANCE OF A HOME IN WASHINGTON, DC FOR ELDERLY AND DISTRESSED WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip L O'donoghue President | 1 | $0 | |
Edward H Lamade Trustee | 0.25 | $0 | |
Elizabeth A Kearns Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $131,557 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $173,315 |
| Capital Gain Net Income | $173,315 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $304,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,711 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $57,214 |
| Total operating and administrative expenses | $59,925 |
| Contributions, gifts, grants paid | $336,000 |
| Total expenses and disbursements | $395,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,654 |
| 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 | $6,414,647 |
| 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, Trustees Of The Louise Home has awarded $44,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSE OF RUTH PURPOSE: SOCIAL WELFARE | $13,000 |
LISNER LOUISE DICKSON HURT HOME PURPOSE: SOCIAL WELFARE | $31,000 |