Loel Foundation
- Assets
- $5.1m
- Revenue
- $1.5m
- Investments
- $2.4m
- Employees
- 0
- Location
- Lodi, CA
- Founding
- 06/1977
- Data as of
- 12/2021
- EIN
- 94-2412399
Organization Overview
Loel Foundation is located in Lodi, CA. The organization was established in 1977. 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. Loel 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 12/2021, Loel Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $830.0k during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
A DAILY HOT LUNCH PROGRAM SERVES ELDERLY CLIENTS. A BINGO GAME PROVIDES SOCIAL INTERACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Williams Immediate Past President | 40 | $58,154 | |
Marjory Schrenk President/ceo | 40 | $31,250 | |
Tod Patterson Director | 2 | $0 | |
Ryan Holz Director | 2 | $0 | |
Daryl Petrick Director | 2 | $0 | |
Ralph Cesena Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,166,669 |
| Interest on Savings | $39 |
| Dividends & Interest | $109,715 |
| Net Rental Income | $125,956 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $88,436 |
| Total Revenue | $1,490,815 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $89,404 |
| Other employee salaries and wages | $222,559 |
| Pension plans, employee benefits | $18,943 |
| Interest | $0 |
| Taxes | $28,058 |
| Depreciation | $104,095 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $818 |
| Printing and publications | $0 |
| Other expenses | $340,487 |
| Total operating and administrative expenses | $829,981 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $829,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,495 |
| Savings and temporary cash investments | $242,681 |
| 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 | $13,475 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $182,347 |
| Net Land, buildings, and equipment | $2,369,239 |
| Other assets | $0 |
| Total assets | $5,144,850 |
| Accounts payable and accrued expenses | $19,728 |
| 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 | $38,391 |
| Total liabilities | $58,119 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Loel Foundation has recieved totaling $53,250.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $27,750 |
Lodi Memorial Hospital Foundation Inc Lodi, CA PURPOSE: MEALS ON WHEELS | $24,500 |
Cortopassi Family Foundation Stockton, CA PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |