Louise Allen Foundation
- Assets
- $23.5m
- Revenue
- $5.4m
- Investments
- $123.1k
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 08/2018
- Data as of
- 08/2023
- EIN
- 82-1338031
Organization Overview
Louise Allen Foundation is located in Corpus Christi, TX. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louise Allen 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 08/2023, Louise Allen Foundation generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $3.1m during the year ending 08/2023. While expenses have increased by 14.0% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN DEVELOPING AND OPERATING RETREAT CENTERS FOR QUALIFYING CIVIC, COMMUNITY AND NOT-FOR-PROFIT ORGANIZATIONS.
ARCHIVE PHOTOS OF SIGNIFICANT HISTORICAL IMPORTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen W Altheide President | 40 | $287,961 | |
Greg W Parry Secretary | 5 | $0 | |
Bryan Butler Treasurer | 5 | $0 | |
Clark Flato Vice President | 5 | $0 | |
David F Sutter Director | 5 | $0 | |
Jose Sevilla Advisory Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,290,784 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,269 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,404 |
| Capital Gain Net Income | $76,404 |
| Net ST Capital Gain | $76,390 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,386,457 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $287,961 |
| Other employee salaries and wages | $1,152,229 |
| Pension plans, employee benefits | $217,554 |
| Interest | $0 |
| Taxes | $15,547 |
| Depreciation | $0 |
| Occupancy | $188,736 |
| Travel, conferences, and meetings | $92,853 |
| Printing and publications | $15,075 |
| Other expenses | $1,059,531 |
| Total operating and administrative expenses | $3,102,395 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,102,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,574 |
| Savings and temporary cash investments | $8,870 |
| Net Accounts receivable | $154,025 |
| 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 | $235,165 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $22,616,257 |
| Other assets | $0 |
| Total assets | $23,538,036 |
| Accounts payable and accrued expenses | $274,712 |
| 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 | $20,699 |
| Total liabilities | $295,411 |