Looby Family Foundation 03-27-08
- Assets
- $3.0m
- Revenue
- $31.5k
- Investments
- $2.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 83-0593883
Organization Overview
Looby Family Foundation 03-27-08 is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Looby Family Foundation 03-27-08 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, Looby Family Foundation 03-27-08 generated $31.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $786.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Northern Trust Company Trustee | 40 | $49,106 | |
Martin Margulies Board Member | 1 | $24,000 | |
Ryan Ratner ESQ Board Member | 1 | $24,000 | |
Mark Scott Board Member | 1 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $72,962 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$41,505 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,457 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $121,106 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,621 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $153 |
| Total operating and administrative expenses | $136,022 |
| Contributions, gifts, grants paid | $650,000 |
| Total expenses and disbursements | $786,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,433 |
| Savings and temporary cash investments | $148,439 |
| 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 | -$149 |
| Total assets | $2,953,352 |
| 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, Looby Family Foundation 03-27-08 has awarded $650,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S VILLAGE AT LOTUS VILLAGE PURPOSE: GENERAL | $500,000 |
MAKE A WISH FOUNDATION OF PURPOSE: GENERAL | $100,000 |
MIAMI FOUNDATION PURPOSE: GENERAL | $50,000 |