Looser-flake Charitable Foundation is a private foundation focused on Education, based in MOLINE, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.8M in total assets. In 2024, it awarded 23 grants totaling $409K. Net investment income was $330K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.8M
-2.2% YoY
Annual Giving
$409K
+5.3% YoY
Grant Count
23
+27.8% YoY
Avg Grant Size
$18K
-17.6% YoY
Under IRS private-foundation payout rules, Looser-flake Charitable Foundation reported a distributable amount of $434K for 2024 — the minimum it must pay out in qualifying distributions.
About Looser-flake Charitable Foundation
Based on IRS filings
Looser-flake Charitable Foundation is a private foundation focused on Education, based in MOLINE, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.8M in total assets. In 2024, it awarded 23 grants totaling $409K. Net investment income was $330K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,836,537 | $5,970,623 | $6,257,569 |
| Revenue | $377,283 | $206,747 | $173,400 |
| Expenses | $511,369 | $493,693 | $538,923 |
| Qualifying Distributions | $464,280 | $448,759 | $477,524 |
| Net Investment Income | $329,854 | $161,813 | $111,908 |
| Distributable Amount | $433,928 | $403,801 | $434,954 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
71 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mercer County Better Together ($75,000), Mercer Csd #404 ($55,840), Mercer County Health Department ($55,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CITY OF KEITHSBURG KEITHSBURG, IL | RIVERFRONT PERFORMANCE | $5,200 |
| AUGUSTANA COLLEGE ROCK ISLAND, IL | 2024 INSTALLMENT-LOOSER | $10,000 |
| ALEDO MAIN STREET INC ALEDO, IL | CREATIVE ARTS GRANT | $1,000 |
| MERCER COUNTY BETTER TOGETHER ALEDO, IL | 2024 BACKBONE SUPPORT & | $75,000 |
| QUAD CITY SYMPHONY ORCHESTRA DAVENPORT, IA | BRINGING STUDENTS TO QCSO | $1,000 |
| MERCER COUNTY BETTER TOGETHER ALEDO, IL | ADMIN GRANT FOR CREATIVE | $5,000 |
| MERCER COUNTY HEALTH DEPARTMENT ALEDO, IL | MENTAL HEALTH ACTION | $55,000 |
| MERCER CSD #404 JOY, IL | MERCER CO STUDENT & STAFF | $55,840 |
| MERCER CSD #404 JOY, IL | 3D ART PROGRAM, INSTRUMENTS | $11,662 |
| SHERRARD CUSD #200 SHERRARD, IL | 2024 FUTURE READY EDUCATION | $47,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TRACY BRASHEARS | DIRECTOR/SECRETARY/TREASURER | 1 | — |
| JOE ZMUDA | DIRECTOR | 1 | — |
| JOHN A SLOVER | DIRECTOR/PRESIDENT/ASST SEC | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Looser-flake Charitable Foundation?
Looser-flake Charitable Foundation is a private foundation focused on Education, based in MOLINE, IL. It holds $5.8M in total assets as of 2024.
How large is Looser-flake Charitable Foundation?
As of 2024, Looser-flake Charitable Foundation holds $5.8M in total assets with $377K in annual revenue. It awarded 23 grants totaling $409K in 2024.
Where does Looser-flake Charitable Foundation operate?
Looser-flake Charitable Foundation has awarded grants in Iowa, Illinois, Tennessee.
What size grants does Looser-flake Charitable Foundation award?
In 2024, Looser-flake Charitable Foundation awarded 23 grants totaling $409K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Looser-flake Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Looser-flake Charitable Foundation reported a distributable amount of $434K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Looser-flake Charitable Foundation's EIN?
Looser-flake Charitable Foundation's EIN (Employer Identification Number) is 20-8397881. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Looser-flake Charitable Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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