Loomis Foundation Inc
- Assets
- $26.7m
- Revenue
- $1.9m
- Investments
- $26.5m
- Employees
- 0
- Location
- Overland Park, KS
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 56-1849009
Organization Overview
Loomis Foundation Inc is located in Overland Park, KS. The organization was established in 1994. 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. Loomis 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 12/2021, Loomis Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.1% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 35.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Loomis Foundation Inc has awarded 547 individual grants totaling $5,633,904. 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 |
|---|---|---|---|
Joseph Burns President | 3 | $40,000 | |
William Burns IV Associate | 1 | $0 | |
Charlton Burns Treasurer | 10 | $40,000 | |
Karen Burns Associate | 1 | $0 | |
Beau Burns Associate | 1 | $0 | |
Jake Burns Associate | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,483 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,185,215 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $611,488 |
| Capital Gain Net Income | $611,488 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43 |
| Total Revenue | $1,897,229 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,943 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$32,911 |
| Total operating and administrative expenses | $296,256 |
| Contributions, gifts, grants paid | $1,671,500 |
| Total expenses and disbursements | $1,967,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $187,447 |
| 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 | $15,942,354 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,127 |
| Total assets | $26,685,074 |
| 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, Loomis Foundation Inc has awarded $1,671,500 in support to 136 organizations.
| Grant Recipient | Amount |
|---|---|
OFFICE OF DEVELOPMENT -COLLEGE OF VET MED UGA PURPOSE: GENERAL CHARITABLE PURPOSE | $120,263 |
Morehead City, NC PURPOSE: GENERAL CHARITABLE PURPOSE | $114,000 |
Morehead City, NC PURPOSE: GENERAL CHARITABLE PURPOSE | $74,000 |
GREENSBORO DOWNTOWN GREENWAY PURPOSE: GENERAL CHARITABLE PURPOSE | $70,700 |
High Point, NC PURPOSE: GENERAL CHARITABLE PURPOSE | $64,800 |
Morehead City, NC PURPOSE: GENERAL CHARITABLE PURPOSE | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Maccarthy Foundation St Louis, MO | $108,435,057 | $6,194,626 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
Mary K Chapman Foundation Tulsa, OK | $0 | $10,262,149 |
David C Butterfield And Alfonso D Rubio Memorial Foundation Aspen, CO | $229,390,732 | $219,209,286 |
Edward D Jones & Company Foundation St Louis, MO | $57,937,606 | $44,940,612 |
E L And Thelma Gaylord Foundation Oklahoma City, OK | $0 | $13,309,432 |