Loupassi Foundation

Richmond, VA
Tax-exempt since Sept. 1999
EIN: 54-1947904

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$825k (2024)

Expenses

$661k (2024)

Total Assets

$4.83M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$825,095

Expenses

$660,683

Net Income

$164,412

Net Assets

$4,828,937

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500,000	60.6%
Interest Revenue	$327	0.0%
Dividends	$224,238	27.2%
Sales of Assets	$100,530	12.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$647,672	98.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,828,937
Total Liabilities	$0
Net Assets	$4,828,937

Compensation

Key Employees and Officers	Compensation	Other
Carol Loupassi (Foundation Mgr.)	$0	$0

990-PF

Filed on May 16, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$775,713

Expenses

$668,289

Net Income

$107,424

Net Assets

$4,656,482

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$450,000	58.0%
Interest Revenue	$25	0.0%
Dividends	$230,084	29.7%
Sales of Assets	$95,604	12.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$652,817	97.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,656,482
Total Liabilities	$0
Net Assets	$4,656,482

Compensation

Key Employees and Officers	Compensation	Other
Carolyn Hodges Loupassi (Foundation Mgr.)	$0	$0

990-PF

Filed on May 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2022

Revenue

$818,680

Expenses

$420,958

Net Income

$397,722

Net Assets

$4,557,022

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500,000	61.1%
Interest Revenue	$14	0.0%
Dividends	$192,013	23.5%
Sales of Assets	$126,653	15.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$414,437	98.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,557,022
Total Liabilities	$0
Net Assets	$4,557,022

Compensation

Key Employees and Officers	Compensation	Other
Carolyn Hodges Loupassi (Foundation Mgr.)	$0	$0

990-PF

Filed on June 1, 2023

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$359,432

Expenses

$390,533

Net Income

-$31,101

Net Assets

$4,162,642

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	55.6%
Interest Revenue	$92	0.0%
Dividends	$161,207	44.9%
Sales of Assets	-$1,867
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$386,352	98.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,162,642
Total Liabilities	$0
Net Assets	$4,162,642

Compensation

Key Employees and Officers	Compensation	Other
Carolyn Hodges Loupassi (Foundation Mgr.)	$0	$0

990-PF

Filed on May 11, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$619,364

Expenses

$373,079

Net Income

$246,285

Net Assets

$4,194,947

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500,000	80.7%
Interest Revenue	$83	0.0%
Dividends	$142,760	23.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$363,084	97.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,194,948
Total Liabilities	$1
Net Assets	$4,194,947

Compensation

Key Employees and Officers	Compensation	Other
Carolyn Hodges Loupassi (Foundation Mgr.)	$0	$0
Manuel G Loupassi (Foundation Mgr.)	$0	$0

990-PF

Filed on June 21, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$401,862

Expenses

$285,300

Net Income

$116,562

Net Assets

$3,363,733

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$400,000	99.5%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$1,862	0.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$275,753	96.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,363,734
Total Liabilities	$1
Net Assets	$3,363,733

Compensation

Key Employees and Officers	Compensation	Other
Manuel G Loupassi (Foundation Mgr.)	$0	$0
Carolyn Hodges Loupassi (Foundation Mgr.)	$0	$0

990-PF

Filed on Nov. 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$793,225

Expenses

$317,236

Net Income

$475,989

Net Assets

$3,247,172

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$400,000	50.4%
Interest Revenue	$0
Dividends	$107,652	13.6%
Sales of Assets	$285,573	36.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$306,895	96.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,247,172
Total Liabilities	$0
Net Assets	$3,247,172

Compensation

Key Employees and Officers	Compensation	Other
Manuel G Loupassi (Foundation Mgr.)	$0	$0
Carolyn Hodges Loupassi (Foundation Mgr.)	$0	$0

990-PF

Filed on Nov. 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$388,233

Expenses

$249,409

Net Income

$138,824

Net Assets

$2,500,560

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$300,500	77.4%
Interest Revenue	$0
Dividends	$94,261	24.3%
Sales of Assets	-$6,528
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$238,841	95.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,500,560
Total Liabilities	$0
Net Assets	$2,500,560

Compensation

Key Employees and Officers	Compensation	Other
Manuel G Loupassi (Foundation Mgr.)	$0	$0
Carolyn Hodges Loupassi (Foundation Mgr.)	$0	$0

990-PF

Filed on Nov. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$497,590

Expenses

$217,200

Net Income

$280,390

Net Assets

$3,335,518

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$350,000	70.3%
Interest Revenue	$0
Dividends	$75,030	15.1%
Sales of Assets	$72,560	14.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$206,710	95.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,335,518
Total Liabilities	$0
Net Assets	$3,335,518

Compensation

Key Employees and Officers	Compensation	Other
Manuel G Loupassi (Foundation Mgr.)	$0	$0
Carolyn Hodges Loupassi (Foundation Mgr.)	$0	$0

990-PF

Filed on Nov. 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$450,300

Expenses

$206,269

Net Income

$244,031

Net Assets

$3,055,128

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$325,000	72.2%
Interest Revenue	$0
Dividends	$81,137	18.0%
Sales of Assets	$44,163	9.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$194,500	94.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,055,128
Total Liabilities	$0
Net Assets	$3,055,128

Compensation

Key Employees and Officers	Compensation	Other
Manuel G Loupassi (Foundation Mgr.)	$0	$0
Carolyn Hodges Loupassi (Foundation Mgr.)	$0	$0

990-PF

Filed on Nov. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2014

Revenue

$415,797

Expenses

$194,023

Net Income

$221,774

Net Assets

$2,811,097

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$352,500	84.8%
Interest Revenue	$0
Dividends	$75,986	18.3%
Sales of Assets	-$12,689
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$184,370	95.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,811,097
Total Liabilities	$0
Net Assets	$2,811,097

Compensation

Key Employees and Officers	Compensation	Other
Manuel G Loupassi (Foundation Mgr.)	$0	$0
Carolyn Hodges Loupassi (Foundation Mgr.)	$0	$0

990-PF

Filed on Nov. 16, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$400,316

Expenses

$137,960

Net Income

$262,356

Net Assets

$2,589,327

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$332,640	83.1%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$8,970	2.2%
Other Income	$1,531	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$131,690	95.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,589,327
Total Liabilities	$0
Net Assets	$2,589,327

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$457,806

Expenses

$122,023

Net Income

$335,783

Net Assets

$2,326,971

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$399,000	87.2%
Interest Revenue	$0
Dividends	$59,278	12.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,522	98.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,326,971
Total Liabilities	$0
Net Assets	$2,326,971

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$413,935

Expenses

$108,621

Net Income

$305,314

Net Assets

$1,991,188

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$366,214	88.5%
Interest Revenue	$0
Dividends	$44,122	10.7%
Sales of Assets	$3,599	0.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$104,895	96.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,991,188
Total Liabilities	$0
Net Assets	$1,991,188

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Loupassi Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $825k (2024)

Expenses $661k (2024)

Total Assets $4.83M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$825k (2024)

Expenses

$661k (2024)

Total Assets

$4.83M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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