The Looper Foundation
- Assets
- $43.7m
- Revenue
- $13.3m
- Investments
- $12.3m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1991
- Data as of
- 12/2021
- EIN
- 76-0330594
Organization Overview
The Looper Foundation is located in Houston, TX. The organization was established in 1991. 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. Looper 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, Looper Foundation generated $13.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Looper Foundation has awarded 16 individual grants totaling $1,650,000. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE FOUNDATION ENGAGES CONSULTANTS TO ADVISE ITS GRANTEES IN THE AREAS OF OPERATING EFFICIENCY, COMMUNITY PROFILE AND AWARENESS, RELATIONS AMONG OPERATING PERSONNEL, COUNSELING AND PROGRAM EVALUATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Looper President | 10 | $0 | |
Jeannie Lynn Able Vice Pres. | 2 | $0 | |
Tanya Jean Pitre Treasurer | 2 | $0 | |
Doris Looper Secretary | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust | 12/30/21 | $66,972 |
Lynn Ziegenfuss | 12/30/21 | $78,888 |
Gardner Russo & Gardner | 12/30/21 | $102,897 |
Hire Universe | 12/30/21 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $70 |
| Dividends & Interest | $625,232 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,807,934 |
| Capital Gain Net Income | $11,550,785 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $837,685 |
| Total Revenue | $13,270,921 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,470 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $626 |
| Printing and publications | $0 |
| Other expenses | $682,635 |
| Total operating and administrative expenses | $1,174,280 |
| Contributions, gifts, grants paid | $900,000 |
| Total expenses and disbursements | $2,074,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,187 |
| Savings and temporary cash investments | $31,312,043 |
| 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 | $9,573,258 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,700,518 |
| 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, The Looper Foundation has awarded $900,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Lancaster, PA PURPOSE: GENERAL SUPPORT | $250,000 |
South Hamilton, MA PURPOSE: DISCIPLESHIP GRANT | $150,000 |
Stafford, TX PURPOSE: STAFF SOUL CARE GRANT | $150,000 |
Richland, MI PURPOSE: SCHOLARSHIP GRANT | $75,000 |
Houston, TX PURPOSE: GENERAL SUPPORT | $75,000 |
THE BONHOEFFER PROJECT PURPOSE: DISCIPLESHIP GRANT | $50,000 |
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 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
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 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |