Loats Foundation INC

Tax-deductible

Frederick, MD501(c)(3)EIN 52-0610535Revenue $382K in FY2025

On file with the IRS35 E Church St, 21701-5401 · Frederick, MDTax-exempt since Mar 1950Private non-operating foundation

This page gets seen. Tell your story. Claim this org.

501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $166K a year · 41% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$382K
+396% vs prior year
Spent
$229K
Net assets
$4.5M
By yearFY2021–FY2025
Revenue
$382K
FY2025▲ +396%
Tap a bar for its year
Revenue by fiscal year
FY2021$376K
FY2022$1.1M
FY2023$48K
FY2024$77K
FY2025$382K
Expenses
$229K
FY2025▼ -0.8%
Tap a bar for its year
Expenses by fiscal year
FY2021$217K
FY2022$244K
FY2023$250K
FY2024$231K
FY2025$229K
Net assets
$4.5M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.4M
FY2022$4.3M
FY2023$3.8M
FY2024$4.2M
FY2025$4.5M

From the FY2025 Form 990 (year ending May 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1950.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 87% · $200K Operating & administrative 13% · $29K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

8 people listed on the 990-PF.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Resident Age
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Loats Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Programs and updates

A private foundation based in Frederick, MD.

Questions for Loats Foundation INC

Tap to ask. Loats Foundation INC sees how many people are interested.

Your first name shows with your question. Loats Foundation INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 16 grants · $200K · 2024–2024
Frederick Comm College Fndn INCFY2024$60,000
Hood College of Frederick MDMD · FY2024$21,000
Frostburg State University Fndn INCFY2024$20,000
Mc Daniel College INCMD · FY2024$13,000
Wee Folk SchoolFY2024$12,000
Mother Seton School INCMD · FY2024$12,000
Shepherd University FoundationFY2024$9,000
Mount Saint Mary's UniversityFY2024$9,000
Mental Health Assoc of Fred Co MDFY2024$8,000
Individual RecipientFY2024$7,000
Calvary Weekday SchoolFY2024$5,000
Heartly House INCMD · FY2024$5,000
San Mar Children's Home INCFY2024$4,000
Stevenson CollegeFY2024$4,000
CoippFY2024$3,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV5
Average grantPart XV$12K
Median grantPart XV$9K
Largest grantPart XV$60K
Top cause focusNTEEEducation (19%)

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$382K
Investment income$382K
Other income$15
Money out
$229K
Grants paid$200K
Running costs$29K
Owns and owes
$4.5M
net assets
Cash and savings$20K
Total assets$4.5M
Liabilities$0
People
8
listed
Paid0
2In more detail
Revenue in detail
Investment income$382K
Other income$15
Total revenue$382K
Assets in detailEnd of year
Cash and savings together$20K
Total assets$4.5M
Liabilities$0
Net assets$4.5M
Operations
Fiscal year endsMay

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $382K$229K$153K$4.5M 990 PDF
FY2024 $77K$231K−$154K$4.2M 990 PDF
FY2023 $48K$250K−$202K$3.8M 990 PDF
FY2022 $1.1M$244K$872K$4.3M 990 PDF
FY2021 $376K$217K$159K$4.4M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.