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.
Key facts about Looser-Flake Charitable Foundation
- EIN
- 20-8397881
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $408,776
- Grants made (2024)
- 23
- Average grant
- $17,773
- Median grant
- $10,000
- New grantees (estimate)
- 40% first-time grantees (8 of 20, 2024)
- Total assets
- $5,836,537
- Primary geography
- Illinois (99% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Looser-Flake Charitable Foundation funds
By grant dollars, the top recipient states for Looser-Flake Charitable Foundation's 23 itemized 2024 grants were Illinois (99%). The most frequent recipient cities were Aledo, IL (10 grants), Joy, IL (2 grants), Sherrard, IL (2 grants) and New Boston, IL (2 grants). None of its 23 grants with a stated purpose were described as general or operating support.
Is Looser-Flake Charitable Foundation open to new grantees?
40%
first-time grantees, 2024
In 2024, 8 of 20 grantees (40%) were first-time recipients. First grants averaged $19K; repeat grants $21K. How we count
Medians: $8K first-time, $8K repeat.
- 35% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+14%). Method
- In 2024 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Looser-Flake Charitable Foundation
- How to evaluate Looser-Flake Charitable Foundation as a funder
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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
Share of all 23 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Mercer County Better Together ($80,000 across 2 grants), Mercer CSD #404 ($67,502 across 2 grants), Sherrard Cusd #200 ($57,196 across 2 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| MERCER COUNTY BETTER TOGETHER Aledo, IL | 2024 BACKBONE SUPPORT & | $75,000 |
| MERCER CSD #404 Joy, IL | MERCER CO STUDENT & STAFF | $55,840 |
| MERCER COUNTY HEALTH DEPARTMENT Aledo, IL | MENTAL HEALTH ACTION | $55,000 |
| ALEDO PARK DISTRICT Aledo, IL | 2024 GRANT FOR ALEDO POOL | $50,000 |
| SHERRARD CUSD #200 Sherrard, IL | 2024 FUTURE READY EDUCATION | $47,000 |
| ELIZA TOWNSHIP New Boston, IL | SOUND/LIGHTING FOR ELIZA | $15,227 |
| CITY OF NEW BOSTON New Boston, IL | NEW PERFORMANCE STAGE AT | $13,320 |
| MERCER CSD #404 Joy, IL | 3D ART PROGRAM, INSTRUMENTS | $11,662 |
| SHERRARD CUSD #200 Sherrard, IL | ORCHESTRA EQUIPT, LIGHTING, | $10,196 |
| AUGUSTANA COLLEGE Rock Island, IL | 2024 INSTALLMENT-LOOSER | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.