Michael W@louis Charitable Foundation
- Assets
- $7.2m
- Revenue
- $573.5k
- Investments
- $7.1m
- Employees
- 0
- Location
- Lake Geneva, WI
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-3640917
Organization Overview
Michael W@louis Charitable Foundation is located in Lake Geneva, WI. The organization was established in 2017. 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. Michael W@louis Charitable 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 12/2022, Michael W@louis Charitable Foundation generated $573.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $802.4k during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 6 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 2017, Michael W@louis Charitable Foundation has awarded 25 individual grants totaling $3,237,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly C Louis Stewart President | 0 | $0 | |
Tracy L Merrill Vice President | 0 | $0 | |
John Jeffry Louis Vice President | 0 | $0 | |
Eoin M Dempsey Treasurer/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $134 |
| Dividends & Interest | $646,203 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$73,964 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,128 |
| Total Revenue | $573,501 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $51,418 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,647 |
| Total operating and administrative expenses | $165,390 |
| Contributions, gifts, grants paid | $637,000 |
| Total expenses and disbursements | $802,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,436 |
| 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 | $5,112,029 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,161,662 |
| 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, Michael W@louis Charitable Foundation has awarded $637,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
J JEFFRY & ELIZABETH S LOUIS FOUNDATION INC PURPOSE: GENERAL CONTRIBUTION | $175,000 |
LAKE OWEN ASSOCIATION INC PURPOSE: GENERAL CONTRIBUTION | $2,000 |
HALF MOON FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $175,000 |
LOUIS STEWART FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $175,000 |
NATIONAL LOUIS UNIVERSITY PURPOSE: GENERAL CONTRIBUTION | $100,000 |
JDRF PURPOSE: GENERAL CONTRIBUTION | $10,000 |