Almar Foundation
- Assets
- $18.2m
- Revenue
- $975.8k
- Investments
- $17.2m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 72-1371702
Organization Overview
Almar Foundation is located in New Orleans, 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. Almar 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 12/2021, Almar Foundation generated $975.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $981.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Almar Foundation has awarded 627 individual grants totaling $5,063,168. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Ehrensing Fdn Manager,trustee | 10 | $23,000 | |
Jane Roussel Trustee,administration | 10 | $21,000 | |
Brooke Johnson Trustee | 0.25 | $2,000 | |
Ryan Roussel Trustee | 0.25 | $2,000 | |
Eric Laborde Trustee | 0.25 | $2,000 | |
Ainslie C Phillips Trustee | 0.25 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $338,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $617,034 |
| Capital Gain Net Income | $617,034 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,343 |
| Total Revenue | $975,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $65,706 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,198 |
| Total operating and administrative expenses | $173,827 |
| Contributions, gifts, grants paid | $807,733 |
| Total expenses and disbursements | $981,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,706 |
| Savings and temporary cash investments | $912,584 |
| 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 | $10,759,569 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,235,463 |
| Accounts payable and accrued expenses | $277 |
| 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 | $277 |
Grants Awarded
Over the last fiscal year, Almar Foundation has awarded $807,733 in support to 111 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: OPERATIONS | $60,000 |
CATHOLIC CHARITIES PURPOSE: OPERATIONS | $53,000 |
JUVENILE DIABETES RESEARCH FOUNDATION PURPOSE: OPERATIONS | $35,333 |
New Orleans, LA PURPOSE: SCHOLARSHIPSEDUCATION/OPERATIONS | $35,000 |
TEXAS CHILDREN'S HOSPITAL PURPOSE: EXPANSION OF WING | $31,250 |
MR CHARLIEINTL PETROLEUM MUSEUM PURPOSE: OPERATIONS | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |