Loomis Family Foundation Inc
- Assets
- $8.5m
- Revenue
- $14.4m
- Investments
- $8.3m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- Data as of
- 12/2023
- EIN
- 92-0754987
Organization Overview
Loomis Family Foundation Inc is located in Greensboro, NC. 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. Loomis Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2023, Loomis Family Foundation Inc has awarded 43 individual grants totaling $688,302. 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 |
|---|---|---|---|
Joseph Burns Director | 10 | $36,000 | |
Molly Burns Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,004,342 |
| Interest on Savings | $0 |
| Dividends & Interest | $411,430 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,805 |
| Capital Gain Net Income | $6,805 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,422,577 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,323 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $94,732 |
| Contributions, gifts, grants paid | $688,302 |
| Total expenses and disbursements | $783,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,135 |
| 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 | $8,299,358 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $77 |
| Total assets | $8,543,965 |
| 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, Loomis Family Foundation Inc has awarded $688,302 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
GREENSBORO YOUNG LIFE PURPOSE: FOR YOUNGLIFE NC 24 EVENT AND OTHER GENERAL CHARITABLE PURPOSES | $43,700 |
WESTOVER CHURCH PURPOSE: GENERAL CHARITABLE PURPOSE | $60,500 |
SALVATION ARMY PURPOSE: GENERAL CHARITABLE PURPOSE | $11,000 |
GREENSBORO URBAN MINISTRY PURPOSE: GENERAL CHARITABLE PURPOSE | $11,000 |
WESTCHESTER COUNTRY DAY SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSE | $25,000 |
KATHLEEN PRICE BRYAN YMCA PURPOSE: GENERAL CHARITABLE PURPOSE | $11,000 |