Dusty And Katherine Loo Foundation
- Assets
- $7.3m
- Revenue
- $2.0m
- Investments
- $6.7m
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 81-1135752
Organization Overview
Dusty And Katherine Loo Foundation is located in Colorado Springs, CO. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public 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. Dusty And Katherine Loo 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 12/2023, Dusty And Katherine Loo Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $722.4k during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 8 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 2016, Dusty And Katherine Loo Foundation has awarded 144 individual grants totaling $5,271,917. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Pattee Director | 1 | $0 | |
Katherine Loo Director | 1 | $0 | |
James Loo Chair | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,350,000 |
| Interest on Savings | $1,720 |
| Dividends & Interest | $91,549 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $566,873 |
| Capital Gain Net Income | $566,873 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,010,142 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $142 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $279,284 |
| Total operating and administrative expenses | $285,416 |
| Contributions, gifts, grants paid | $437,000 |
| Total expenses and disbursements | $722,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499,142 |
| 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 | $60,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,167 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $750,905 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,500 |
| Total assets | $7,255,044 |
| Accounts payable and accrued expenses | $60,000 |
| Grants payable | $1,340,809 |
| 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 | $1,400,809 |
Grants Awarded
Over the last fiscal year, Dusty And Katherine Loo Foundation has awarded $437,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
KANSAS UNIVERSITY ENDOWMENT ASSOCIATION PURPOSE: LOO FAMILY INTERNSHIPS AT THE SPENCER MUSEUM OF ART | $150,000 |
COLORADO SPRINGS PHILHARMONIC PURPOSE: PHILHARMONIC VENTURES | $50,000 |
UCCS PURPOSE: KPWE SCHOLARSHIP - IN HONOR OF KATHY LOO | $7,000 |
PENROSE-ST FRANCIS HEALTH FOUNDATION PURPOSE: 2023 PLEDGE - JOHN ZAY GUEST HOUSE | $125,000 |
CULTURAL OFFICE OF THE PIKES PEAK REGION PURPOSE: 10TH ANNIVERSARY | $5,000 |
GAZETTE CHARITIES PURPOSE: EMPTY STOCKING FUND 2023 | $10,000 |