Rosamary Foundation
- Assets
- $39.4m
- Revenue
- $3.2m
- Investments
- $34.8m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 03/1940
- Data as of
- 12/2021
- EIN
- 72-6024696
Organization Overview
Rosamary Foundation is located in New Orleans, LA. The organization was established in 1940. 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. Rosamary 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, Rosamary Foundation generated $3.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis M Freeman Jr Trustee | 0 | $0 | |
Olivia Woollam Trustee | 0 | $0 | |
Andrew Wisdom Chairman-Tru | 0 | $0 | |
Matthew Wisdom Trustee | 0 | $0 | |
Luis Zervigon Secretary-Tr | 0 | $0 | |
Mary Zervigon Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,535 |
| Dividends & Interest | $628,951 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,375,676 |
| Capital Gain Net Income | $2,368,506 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $187,964 |
| Total Revenue | $3,207,126 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,926 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $97,525 |
| Total operating and administrative expenses | $394,293 |
| Contributions, gifts, grants paid | $2,537,258 |
| Total expenses and disbursements | $2,931,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,592,486 |
| 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 | $24,811 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $34,772,684 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,389,981 |
| 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, Rosamary Foundation has awarded $2,537,258 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED STATEMENT PURPOSE: SEE ATTACHED | $2,536,795 |
FROM PASSTHROUGH K-1'S PURPOSE: SEE ATTACHED | $463 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |
Mays Family Foundation San Antonio, TX | $0 | $19,028,281 |
Robert J Kleberg Jr And Helen C Kleberg Foundation San Antonio, TX | $227,820,176 | $32,756,087 |