Lorio Foundation
- Assets
- $23.1m
- Revenue
- $2.7m
- Investments
- $22.3m
- Employees
- 0
- Location
- Thibodaux, LA
- Founding
- 02/1997
- Data as of
- 12/2020
- EIN
- 72-1318244
Organization Overview
Lorio Foundation is located in Thibodaux, LA. The organization was established in 1997. 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. Lorio 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 12/2020, Lorio Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 31.9% each year . All expenses for the organization totaled $1.5m during the year ending 12/2020. While expenses have increased by 3.2% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Camille Morvant II Exec Dir | 30 | $68,250 | |
Rita H Dickie Vice Pres | 30 | $64,714 | |
Ann Boudreaux Cpa | 10 | $37,800 | |
Christopher Terracina Pres | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $547,088 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,170,581 |
| Capital Gain Net Income | $2,170,581 |
| Net ST Capital Gain | $9,490 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $934 |
| Total Revenue | $2,718,603 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $126,630 |
| Other employee salaries and wages | $15,210 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $71,784 |
| Depreciation | $5,547 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75,679 |
| Total operating and administrative expenses | $332,650 |
| Contributions, gifts, grants paid | $1,122,430 |
| Total expenses and disbursements | $1,455,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,987 |
| Savings and temporary cash investments | $584,890 |
| 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 | $140,443 |
| Other assets | $22,552 |
| Total assets | $23,084,312 |
| Accounts payable and accrued expenses | $924 |
| 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 | $924 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |
Mays Family Foundation San Antonio, TX | $0 | $19,028,281 |
Robert J Kleberg Jr And Helen C Kleberg Foundation San Antonio, TX | $227,820,176 | $32,756,087 |