Salmen Family Foundation
- Assets
- $3.4m
- Revenue
- $328.8k
- Investments
- $3.2m
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 04/1962
- Data as of
- 03/2022
- EIN
- 72-6027566
Organization Overview
Salmen Family Foundation is located in Metairie, LA. The organization was established in 1962. 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. Salmen Family 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 03/2022, Salmen Family Foundation generated $328.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $213.9k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Salmen Family Foundation has awarded 146 individual grants totaling $1,166,000. 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
GRANTS PAID - SCHEDULED ON PAGE 11, PART XV
ADMINISTRATIVE EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Ciraulo Vice President/ Director | 0.5 | $0 | |
Ralph C Cox Jr Treasurer/ Director | 0.5 | $0 | |
Frederick Lewis President/director | 0.5 | $0 | |
Tom Thornhill Director | 0.5 | $0 | |
Caroline Lewis Secretary/director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,186 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $285,795 |
| Capital Gain Net Income | $285,795 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $861 |
| Total Revenue | $328,842 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,729 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29 |
| Total operating and administrative expenses | $25,914 |
| Contributions, gifts, grants paid | $188,000 |
| Total expenses and disbursements | $213,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,854 |
| Savings and temporary cash investments | $249,702 |
| 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 | $3,420,512 |
| 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, Salmen Family Foundation has awarded $188,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: UNRESTRICTED | $30,000 |
STARC PURPOSE: UNRESTRICTED | $25,000 |
FRIENDS OF CAMP SALMEN NATURE PARK PURPOSE: UNRESTRICTED | $20,000 |
NATIONAL ALLIANCE ON MENTAL ILLNESS PURPOSE: UNRESTRICTED | $20,000 |
SECOND HARVEST FOOD BANK PURPOSE: UNRESTRICTED | $15,000 |
Slidell, LA PURPOSE: UNRESTRICTED | $10,000 |
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 |