Freeman-Woollam Foundation
- Assets
- $2.6m
- Revenue
- $640.3k
- Investments
- $2.4m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 04/1998
- Data as of
- 12/2023
- EIN
- 72-1342276
Organization Overview
Freeman-Woollam Foundation is located in New Orleans, LA. The organization was established in 1998. 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. Freeman-Woollam 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, Freeman-Woollam Foundation generated $640.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $113.1k during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 8 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 2014, Freeman-Woollam Foundation has awarded 557 individual grants totaling $886,897. 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 |
|---|---|---|---|
Tina Freeman-Woollam Director | 0 | $0 | |
Philip Woollam Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,352 |
| Dividends & Interest | $29,122 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $609,838 |
| Capital Gain Net Income | $609,838 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $640,312 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $784 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,584 |
| Contributions, gifts, grants paid | $109,494 |
| Total expenses and disbursements | $113,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,052 |
| 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 | $2,609,282 |
| 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, Freeman-Woollam Foundation has awarded $109,494 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
564 PARK AVENUE PRESERVATION FOUNDATIONS PURPOSE: SUPPORT PRESERVATION PROGRAMS | $564 |
ABORTION CARE NETWORK PURPOSE: SUPPORT MEDICAL PROGRAMS | $1,000 |
ANTENNA PURPOSE: SUPPORT CULTURAL PROGRAMS | $500 |
ALLIANCE FOR AFFORDABLE ENERGY PURPOSE: SUPPORT ENVIRONMENTAL PROGRAMS | $500 |
ART CENTER COLLEGE OF DESIGN PURPOSE: SUPPORT EDUCATIONAL PROGRAMS | $500 |
AUDUBON NATURE INSTITUTE PURPOSE: SUPPORT ENVIRONMENTAL PROGRAMS | $200 |