Loftis Foundation Inc

Vero Beach, FL
Tax-exempt since June 1994
EIN: 58-2110528

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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.

Donations to this organization are tax deductible.

Revenue

$143k (2024)

Expenses

$494k (2024)

Total Assets

$7.96M (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

$143,141

Expenses

$493,943

Net Income

-$350,802

Net Assets

$7,960,291

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$251,256	> 100%
Sales of Assets	-$108,115
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$452,726	91.7%
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	$7,960,291
Total Liabilities	$0
Net Assets	$7,960,291

Compensation

Key Employees and Officers	Compensation	Other
Robert W Loftis (President)	$0	$0
Sharon L Loftis (Trustee)	$0	$0

990-PF

Filed on May 15, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$146,956

Expenses

$490,821

Net Income

-$343,865

Net Assets

$8,315,399

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$41,527	28.3%
Interest Revenue	$0
Dividends	$249,367	> 100%
Sales of Assets	-$143,938
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$433,306	88.3%
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	$8,315,399
Total Liabilities	$0
Net Assets	$8,315,399

Compensation

Key Employees and Officers	Compensation	Other
Robert W Loftis (President)	$0	$0
Sharon L Loftis (Trustee)	$0	$0

990-PF

Filed on May 15, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,959,536

Expenses

$430,777

Net Income

$1,528,759

Net Assets

$8,665,674

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$124,582	6.4%
Interest Revenue	$0
Dividends	$197,435	10.1%
Sales of Assets	$1,635,890	83.5%
Other Income	$1,629	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$413,098	95.9%
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	$8,665,674
Total Liabilities	$0
Net Assets	$8,665,674

Compensation

Key Employees and Officers	Compensation	Other
Robert W Loftis (President)	$0	$0
Sharon L Loftis (Trustee)	$0	$0

990-PF

Filed on Nov. 9, 2023

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$1,877,201

Expenses

$490,974

Net Income

$1,386,227

Net Assets

$7,136,915

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,597,625	85.1%
Interest Revenue	$0
Dividends	$218,375	11.6%
Sales of Assets	$61,201	3.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$451,644	92.0%
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	$7,136,915
Total Liabilities	$0
Net Assets	$7,136,915

Compensation

Key Employees and Officers	Compensation	Other
Robert W Loftis (President)	$0	$0
Sharon L Loftis (Trustee)	$0	$0

990-PF

Filed on July 29, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$736,679

Expenses

$219,714

Net Income

$516,965

Net Assets

$5,750,687

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$620,000	84.2%
Interest Revenue	$0
Dividends	$152,775	20.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$188,929	86.0%
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	$5,750,688
Total Liabilities	$1
Net Assets	$5,750,687

Compensation

Key Employees and Officers	Compensation	Other
Robert W Loftis (President)	$0	$0
Sharon L Loftis (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$210,711

Expenses

$315,874

Net Income

-$105,163

Net Assets

$5,233,722

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$175,509	83.3%
Sales of Assets	$35,202	16.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$280,739	88.9%
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	$5,233,723
Total Liabilities	$1
Net Assets	$5,233,722

Compensation

Key Employees and Officers	Compensation	Other
Robert W Loftis (President)	$0	$0
Sharon L Loftis (Trustee)	$0	$0

990-PF

Filed on Nov. 18, 2020

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$173,940

Expenses

$332,317

Net Income

-$158,377

Net Assets

$5,338,886

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$174,180	> 100%
Sales of Assets	-$240
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$306,000	92.1%
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	$5,343,771
Total Liabilities	$4,885
Net Assets	$5,338,886

Compensation

Key Employees and Officers	Compensation	Other
Robert W Loftis (President)	$0	$0

990-PF

Filed on Nov. 15, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$231,666

Expenses

$286,159

Net Income

-$54,493

Net Assets

$5,497,263

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$171,836	74.2%
Sales of Assets	$59,830	25.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$254,515	88.9%
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	$5,497,263
Total Liabilities	$0
Net Assets	$5,497,263

Compensation

Key Employees and Officers	Compensation	Other
Robert W Loftis (President)	$0	$0

990-PF

Filed on Nov. 16, 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

$160,722

Expenses

$155,310

Net Income

$5,412

Net Assets

$5,551,756

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$159,817	99.4%
Sales of Assets	$905	0.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$118,675	76.4%
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	$5,551,756
Total Liabilities	$0
Net Assets	$5,551,756

Compensation

Key Employees and Officers	Compensation	Other
Robert W Loftis (President)	$0	$0

990-PF

Filed on May 30, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$785,547

Expenses

$180,042

Net Income

$605,505

Net Assets

$5,546,344

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,265	0.2%
Interest Revenue	$0
Dividends	$158,878	20.2%
Sales of Assets	$625,404	79.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$145,511	80.8%
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	$5,546,344
Total Liabilities	$0
Net Assets	$5,546,344

Compensation

Key Employees and Officers	Compensation	Other
Robert W Loftis (President)	$0	$0

990-PF

Filed on Oct. 7, 2016

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

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$491,628

Expenses

$275,959

Net Income

$215,669

Net Assets

$4,940,839

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$186,535	37.9%
Interest Revenue	$0
Dividends	$160,260	32.6%
Sales of Assets	$144,833	29.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$234,452	85.0%
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	$4,940,839
Total Liabilities	$0
Net Assets	$4,940,839

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,425,935

Expenses

$212,520

Net Income

$1,213,415

Net Assets

$4,951,379

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,285,607	90.2%
Interest Revenue	$0
Dividends	$123,959	8.7%
Sales of Assets	$16,369	1.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$182,400	85.8%
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	$4,951,379
Total Liabilities	$0
Net Assets	$4,951,379

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

-$183,943

Expenses

$491,728

Net Income

-$675,671

Net Assets

$3,737,964

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$127,052
Sales of Assets	$0
Other Income	$959

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$456,188	92.8%
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	$3,738,327
Total Liabilities	$363
Net Assets	$3,737,964

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$106,852

Expenses

$138,984

Net Income

-$32,132

Net Assets

$4,413,635

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$142,085	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,726	80.4%
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	$4,413,998
Total Liabilities	$363
Net Assets	$4,413,635

990-PF

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

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

PDF

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What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Loftis Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $143k (2024)

Expenses $494k (2024)

Total Assets $7.96M (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

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Revenue

$143k (2024)

Expenses

$494k (2024)

Total Assets

$7.96M (2024)

Total Liabilities

$0 (2024)

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2024

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