Logan Iii Charitable Fund
- Assets
- $2.1m
- Revenue
- $110.4k
- Investments
- $2.0m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/1993
- Data as of
- 12/2023
- EIN
- 54-1646850
Organization Overview
Logan Iii Charitable Fund is located in Richmond, VA. The organization was established in 1993. 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. Logan Iii Charitable Fund 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 12/2023, Logan Iii Charitable Fund generated $110.4k 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 (13.1%) each year. All expenses for the organization totaled $231.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Logan Iii Charitable Fund has awarded 206 individual grants totaling $1,127,810. 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 |
|---|---|---|---|
Laura B Logan President | 50 | $0 | |
Anna Clayton L Bullock Vice President | 50 | $0 | |
Beverley L Mccaskill Vice President | 50 | $0 | |
Joseph D Logan IV Vice President/secretary | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $83,899 |
| Interest on Savings | $0 |
| Dividends & Interest | $89,988 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$63,506 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $110,381 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,394 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $17,724 |
| Contributions, gifts, grants paid | $214,000 |
| Total expenses and disbursements | $231,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,716 |
| 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 | $2,112,276 |
| 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, Logan Iii Charitable Fund has awarded $214,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY SCHOOL PURPOSE: ANNUAL FUND | $1,000 |
GARRISON FOREST SCHOOL PURPOSE: OPERATIONS | $4,000 |
GARTH NEWEL MUSIC CENTER FOUNDATION PURPOSE: OPERATIONS | $23,000 |
GEORGE WASHINGTON FOUNDATION PURPOSE: OPERATIONS | $4,000 |
HOLLINS COLLEGE ALUMNAE ASSOC INC PURPOSE: FRANCES MCNULTY LEWIS | $5,000 |
JEFFERSON CENTER FOUNDATION LTD PURPOSE: OPERATIONS | $5,000 |