Dorothy Gaines Foundation
- Assets
- $1.5m
- Revenue
- $191.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- Hillsboro, TX
- Founding
- 05/2005
- Data as of
- 12/2021
- EIN
- 20-1858697
Organization Overview
Dorothy Gaines Foundation is located in Hillsboro, TX. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dorothy Gaines Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Dorothy Gaines Foundation generated $191.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $97.2k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Dorothy Gaines Foundation has awarded 66 individual grants totaling $412,043. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE QUALITY OF LIFE IN HILL AND TARRANT COUNTIES, TEXAS, THROUGH GRANTS TO SECTION 501 (C) (3) CHARITABLE ORGANIZATIONS. FOR 2021 GRANTS WERE AWARDED TO 13 CHARITABLE ORGANIZATIONS WITH NO ONE RECEIVING MORE THAN $10,000. TOTAL AWARDS WERE $69,895.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Curtis-Hornsby Director | 1 | $1,400 | |
Michelle Curtis Wade Treasurer | 1 | $1,400 | |
Ronell Wade Director | 1 | $1,400 | |
Stephen N Smith Secretary | 1 | $1,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $54,186 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $137,311 |
| Capital Gain Net Income | $137,311 |
| Net ST Capital Gain | $137,311 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $191,501 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,376 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $229 |
| Printing and publications | $0 |
| Other expenses | $998 |
| Total operating and administrative expenses | $27,257 |
| Contributions, gifts, grants paid | $69,895 |
| Total expenses and disbursements | $97,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,769 |
| Savings and temporary cash investments | $8,272 |
| Net Accounts receivable | $17 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $813 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,479,536 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,502,407 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Dorothy Gaines Foundation has awarded $69,895 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF HUBBARD PURPOSE: HELP UPGRADE PUBLIC SWIMMING POOL | $10,000 |
BYNUM EX-STUDENTS ASSOCIATION PURPOSE: UPGRADE BYNUM ISD AG FACILITIES | $10,000 |
Hillsboro, TX PURPOSE: FUND CONTRIBUTED TO HELP BUILD A HANDICAPPED PLAYGROUND IN THE CITY PARK | $7,000 |
Fort Worth, TX PURPOSE: TARRANT COUNTY CHILDREN | $5,000 |
Hillsboro, TX PURPOSE: HUMANE TREATMENT TO ANIMALS | $5,000 |
Hillsboro, TX PURPOSE: FOOD FOR CHILDREN | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
Hamon Charitable Foundation Dallas, TX | $77,984,763 | $10,364,017 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Biogen Foundation Inc Dallas, TX | $25,561,498 | $3,880,862 |
The Margaret And Al Hill Family Foundation Dallas, TX | $0 | $526,228 |