Nonprofit · EIN 52-0610535
LOATS FOUNDATION INC
Tax-exempt · FREDERICK, MD 21701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990-PF | $382,321 | $228,876 | $153,445 | $4,482,799 | $0 | $4,482,799 |
| May 31, 2024 | 990-PF | $77,075 | $230,676 | -$153,601 | $4,214,177 | $0 | $4,214,177 |
Financial details: 990-PF for the year ended May 31, 2025
Revenue
- Dividends
- $158,241
- Interest
- $18,315
- Net gain from sales of assets
- $205,750
- Other income
- $15
Expenses
- Grants and similar amounts paid
- $200,000
- Disbursements for charitable purposes
- $200,000
- Excise tax on investment income
- $4,913
Balance sheet and other
- Total assets, start of year
- $4,214,177
- Total assets, end of year
- $4,482,799
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,482,799
- Fair market value of assets
- $4,482,799
- Qualifying distributions
- $200,000
- Net investment income
- $382,321
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REV DR PAUL BAGLYOS 35 EAST CHURCH STREET, FREDERICK, MD 21701 | PRESIDENT | 0 | $0 |
| MARCIA HAHN 35 EAST CHURCH STREET, FREDERICK, MD 21701 | SECRETARY | 0 | $0 |
| C RICHARD MILLER JR 35 EAST CHURCH STREET, FREDERICK, MD 21701 | TREASURER | 0 | $0 |
| BARBARA BRITTAIN 35 EAST CHURCH STREET, FREDERICK, MD 21701 | VICE PRESIDE | 0 | $0 |
| JOANNE BAUM 35 EAST CHURCH STREET, FREDERICK, MD 21701 | DIRECTOR | 0 | $0 |
| LORRAINE M B PRETE 35 EAST CHURCH STREET, FREDERICK, MD 21701 | RESIDENT AGE | 0 | $0 |
| KATHLEEN COSTLOW 35 EAST CHURCH STREET, FREDERICK, MD 21701 | DIRECTOR | 0 | $0 |
| K ALAN PERDUE 35 EAST CHURCH STREET, FREDERICK, MD 21701 | DIRECTOR | 0 | $0 |
990-PF for the year ended May 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REV DR PAUL BAGLYOS 35 EAST CHURCH STREET, FREDERICK, MD 21701 | PRESIDENT | 0 | $0 |
| MARSHA HAHN 35 EAST CHURCH STREET, FREDERICK, MD 21701 | SECRETARY | 0 | $0 |
| C RICHARD MILLER JR 35 EAST CHURCH STREET, FREDERICK, MD 21701 | TREASURER | 0 | $0 |
| BARBARA BRITTAIN 35 EAST CHURCH STREET, FREDERICK, MD 21701 | VICE PRESIDE | 0 | $0 |
| JOANNE BAUM 35 EAST CHURCH STREET, FREDERICK, MD 21701 | DIRECTOR | 0 | $0 |
| LORRAINE M B PRETE 35 EAST CHURCH STREET, FREDERICK, MD 21701 | RESIDENT AGE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 35 E CHURCH ST, FREDERICK, MD 21701-5401
- In care of
- % EVANGELICAL LUTHERAN CHURCH
- Signed the 990-PF
- C RICHARD MILLER JR, TREASURER
- Phone
- (301) 606-0640
- Return prepared by
- OFFUTT & ASSOCIATES CPAS PA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-PF on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-PF on file |
IRS record
- EIN
- 52-0610535
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1950
- Accounting year ends
- May
- Files
- Form 990-PF
- Assets (IRS master file)
- $4,482,799
- Income (IRS master file)
- $3,846,569
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | May 2025 | $382,321 | $228,876 | $4,482,799 | XML |
| 990-PF | May 2024 | $77,075 | $230,676 | $4,214,177 | XML |
| 990-PF | May 2023 | – | – | – | IRS |
| 990-PF | May 2022 | – | – | – | IRS |
| 990-PF | May 2021 | – | – | – | IRS |
| 990-PF | May 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-0610535).
Questions about LOATS FOUNDATION INC
- What is the EIN of LOATS FOUNDATION INC?
- The employer identification number (EIN) of LOATS FOUNDATION INC is 52-0610535.
- Is LOATS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1950.
- Are donations to LOATS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LOATS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LOATS FOUNDATION INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOATS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended May 2025.
- Who are the officers and directors of LOATS FOUNDATION INC?
- The 990-PF for the year ended May 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does LOATS FOUNDATION INC have?
- On its 990-PF for the year ended May 31, 2025 it reported revenue of $382,321, expenses of $228,876 and total assets of $4,482,799 at year end.
Other nonprofits in FREDERICK
- FREDERICK HEALTH HOSPITAL INC EIN 52-0591612 · last filed 990 for 2025
- ASBURY ATLANTIC INC EIN 52-0607956 · last filed 990 for 2024
- FREDERICK HEALTH MEDICAL GROUP LLC EIN 45-3007639 · last filed 990 for 2025
- SERVICE COORDINATION INC EIN 52-1651219 · last filed 990 for 2025
- HOOD COLLEGE OF FREDERICK MD EIN 52-0591608 · last filed 990 for 2025
- ALBRIGHT CARE SERVICES EIN 23-1887138 · last filed 990 for 2024
- WAY STATION INC EIN 52-1162749 · last filed 990 for 2025
- THE VILLAGE AT ROCKVILLE INC EIN 53-0196624 · last filed 990 for 2024