Walter And Juliet J Absolon Foundation
- Assets
- $3.4m
- Revenue
- $221.4k
- Investments
- $3.3m
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 06/1996
- Data as of
- 12/2022
- EIN
- 86-0809781
Organization Overview
Walter And Juliet J Absolon Foundation is located in Tucson, AZ. The organization was established in 1996. 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. Walter And Juliet J Absolon 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, Walter And Juliet J Absolon Foundation generated $221.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $206.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Walter And Juliet J Absolon Foundation has awarded 59 individual grants totaling $1,316,320. 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 |
|---|---|---|---|
Linda Lohse President | 4 | $5,380 | |
Jennifer Lohse Vice-President | 4 | $5,039 | |
Robert Lohse Treasurer/secretary | 2 | $0 | |
Patricia Lohse Not On Board Chief Financial Officer | 4 | $5,039 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $219,840 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,555 |
| Capital Gain Net Income | $1,555 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $221,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,063 |
| Other employee salaries and wages | $2,223 |
| Pension plans, employee benefits | $1,492 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $165 |
| Occupancy | $817 |
| Travel, conferences, and meetings | $11 |
| Printing and publications | $396 |
| Other expenses | $1,449 |
| Total operating and administrative expenses | $28,595 |
| Contributions, gifts, grants paid | $178,000 |
| Total expenses and disbursements | $206,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,435 |
| Savings and temporary cash investments | $30,799 |
| 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 | $95,566 |
| Net Land, buildings, and equipment | $2,270 |
| Other assets | $2,970 |
| Total assets | $3,384,530 |
| 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, Walter And Juliet J Absolon Foundation has awarded $178,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER TUCSON LEADERSHIP PURPOSE: COMMUNITY UNRESTRICTED FUNDS | $5,000 |
PIMA COMMUNITY COLLEGE FOUNDATION PURPOSE: EDUCATION ENDOWMENT SCHOLARSHIP FUNDS | $15,000 |
SARSEF PURPOSE: EDUCATION UNRESTRICTED FUNDS | $40,000 |
SCHOLARSHIPS A-Z PURPOSE: CAPACITY BUILDING | $28,000 |
PLANNED PARENTHOOD ARIZONA PURPOSE: WOMEN'S HEALTH | $90,000 |