Usdin-Weil Foundation
- Assets
- $283.8k
- Revenue
- $80.5k
- Investments
- $265.5k
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 11/1956
- Data as of
- 12/2022
- EIN
- 72-6019704
Organization Overview
Usdin-Weil Foundation is located in New Orleans, LA. The organization was established in 1956. 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. Usdin-Weil 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, Usdin-Weil Foundation generated $80.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $74.8k during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 7 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 2015, Usdin-Weil Foundation has awarded 729 individual grants totaling $448,930. 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
THE USDIN-WEIL FOUNDATION DOES NOT ENGAGE IN GRANT PROGRAMS OR RELATED ACTIVITIES AND INVESTMENTS, THEREFORE IT DOES NOT HAVE ANY STATISTICAL INFORMATION, DID NOT CONVENE CONFERENCES.
AND DID NOT PRODUCE RESEARCH PAPERS, ETC. THE ONLY FUNCTION IS TO MAKE CHARITABLE CONTRIBUTIONS TO EXEMPT ORGANIZATIONS. THE ONLY INCOME GENERATED IS FROM INVESTMENTS THAT PRODUCE PASSIVE INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Ann Usdin Director | 0 | $0 | |
Catherine Usdin Burka Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $31,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,807 |
| Capital Gain Net Income | $48,807 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,488 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $64 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95 |
| Total operating and administrative expenses | $6,271 |
| Contributions, gifts, grants paid | $68,575 |
| Total expenses and disbursements | $74,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,326 |
| 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 | $283,783 |
| 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, Usdin-Weil Foundation has awarded $68,575 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND HARVEST FOOD BANK PURPOSE: PURSUANT TO ORGANIZATIONS GOAL ACHIEVEMENT EFFORTS AND DISTRIBUTIONS TO 501(C)(3) | $7,500 |
Metairie, LA PURPOSE: PURSUANT TO ORGANIZATIONS GOAL ACHIEVEMENT EFFORTS AND DISTRIBUTIONS TO 501(C)(3) | $5,900 |
TOURO SYNAGOGUE PURPOSE: PURSUANT TO ORGANIZATIONS GOAL ACHIEVEMENT EFFORTS AND DISTRIBUTIONS TO 501(C)(3) | $5,500 |
JEWISH ENDOWMENT FOUNDATION OF LOUI PURPOSE: PURSUANT TO ORGANIZATIONS GOAL ACHIEVEMENT EFFORTS AND DISTRIBUTIONS TO 501(C)(3) | $5,200 |
CRESCENT CARE PURPOSE: PURSUANT TO ORGANIZATIONS GOAL ACHIEVEMENT EFFORTS AND DISTRIBUTIONS TO 501(C)(3) | $5,000 |
New Orleans, LA PURPOSE: PURSUANT TO ORGANIZATIONS GOAL ACHIEVEMENT EFFORTS AND DISTRIBUTIONS TO 501(C)(3) | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
Hamon Charitable Foundation Dallas, TX | $77,984,763 | $10,364,017 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Biogen Foundation Inc Dallas, TX | $25,561,498 | $3,880,862 |
The Margaret And Al Hill Family Foundation Dallas, TX | $0 | $526,228 |