Almar Foundation
- Assets
- $17.4m
- Revenue
- $249.4k
- Investments
- $17.2m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 06/1997
- Data as of
- 12/2022
- 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 12/2022, Almar Foundation generated $249.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Almar Foundation has awarded 832 individual grants totaling $6,814,598. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Couvillon Trustee | 0.25 | $2,000 | |
John Laborde Trustee | 0.25 | $1,500 | |
James Laborde Trustee | 0.25 | $2,000 | |
Stephanie Laborde Trustee | 0.25 | $2,000 | |
Jane Roussel Trustee,administration | 10 | $2,000 | |
Brooke Johnson Trustee | 0.25 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $56,026 |
| Dividends & Interest | $177,724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,662 |
| Total Revenue | $249,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,366 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,099 |
| Total operating and administrative expenses | $141,328 |
| Contributions, gifts, grants paid | $947,950 |
| Total expenses and disbursements | $1,089,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,612 |
| Savings and temporary cash investments | $200,800 |
| 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 | $10,791,032 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,395,597 |
| 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 $947,950 in support to 113 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF THE SACRED HEART PURPOSE: OPERATIONS | $1,000 |
ACADEMY OF THE SACRED HEART PURPOSE: OPERATIONS | $2,500 |
BELMONT UNIVERSITY PURPOSE: OPERATIONS | $4,000 |
AUDUBON NATURE INSTITUTE PURPOSE: OPERATIONS | $3,150 |
BASTIAN COMMUNITY OF RESILIENCE PURPOSE: OPERATIONS | $25,000 |
BOYS & GIRLS CLUB OF NEW ORLEANS PURPOSE: OPERATIONS | $25,000 |