The Louis P Saia Foundation
- Assets
- $816.2k
- Revenue
- $43.5k
- Investments
- $797.2k
- Employees
- 0
- Location
- Covington, LA
- Founding
- 08/1987
- Data as of
- 12/2023
- EIN
- 72-1086475
Organization Overview
The Louis P Saia Foundation is located in Covington, LA. The organization was established in 1987. 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. Louis P Saia 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 12/2023, Louis P Saia Foundation generated $43.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $41.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Louis P Saia Foundation has awarded 53 individual grants totaling $340,300. 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 |
|---|---|---|---|
Ann M Saia Trustee | 0 | $0 | |
Lyndon J Saia Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $15,649 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,816 |
| Capital Gain Net Income | $27,841 |
| Net ST Capital Gain | $337 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,473 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,253 |
| Total operating and administrative expenses | $11,180 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $41,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,391 |
| Savings and temporary cash investments | $14,564 |
| 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 | $816,171 |
| 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, The Louis P Saia Foundation has awarded $30,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ST FRANCIS DE SALES CATHEDRAL PURPOSE: INSURANCE PREMIUM, GENERAL FUND | $12,000 |
OUR LADY OF THE ROSARY CATHOLIC CHU PURPOSE: GENERAL FUND | $10,000 |
UNIVERSITY OF NEW ORLEANS PURPOSE: BASEBALL PROGRAM | $4,000 |
LOUISIANA NATIONAL GUARD PURPOSE: GENERAL FUND | $4,000 |