Oscar Lee Putnam Cultural Endowment
- Assets
- $316.0k
- Revenue
- $44.2k
- Investments
- $295.6k
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 03/1961
- Data as of
- 12/2021
- EIN
- 72-6022138
Organization Overview
Oscar Lee Putnam Cultural Endowment is located in New Orleans, LA. The organization was established in 1961. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oscar Lee Putnam Cultural Endowment 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, Oscar Lee Putnam Cultural Endowment generated $44.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 50.8% each year . All expenses for the organization totaled $3.3k during the year ending 12/2021. 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
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 |
|---|---|---|---|
Justin B Schmidt Trustee, President | 1 | $0 | |
Eileen Friel Powers Trustee, Vice President | 1 | $0 | |
Dr James M Maclaren Trustee | 0.1 | $0 | |
Marshall L Michel III Trustee | 0.1 | $0 | |
Caroline S Bryan Trustee | 0.1 | $0 | |
Rev Andrew Thayer Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,518 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,717 |
| Capital Gain Net Income | $32,717 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63 |
| Total operating and administrative expenses | $3,274 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,352 |
| 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 | $295,609 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $315,961 |
| 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, Oscar Lee Putnam Cultural Endowment has awarded $11,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NICHOLLS STATE UNIVERSITY PURPOSE: EDUCATION | $2,000 |
NORTHWESTERN STATE UNIVERSITY PURPOSE: EDUCATION | $4,000 |
TULANE UNIVERSITY PURPOSE: EDUCATION | $3,000 |
XAVIER UNIVERSITY OF LOUISIANA PURPOSE: EDUCATION | $2,000 |