Dorbarleo Foundation Inc
- Assets
- $7.4m
- Revenue
- $525.0k
- Investments
- $5.7m
- Employees
- 0
- Location
- Cypress, TX
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 20-2002049
Organization Overview
Dorbarleo Foundation Inc is located in Cypress, TX. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Dorbarleo Foundation Inc 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 12/2022, Dorbarleo Foundation Inc generated $525.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $342.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dorbarleo Foundation Inc has awarded 232 individual grants totaling $1,851,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S SOLE PURPOSE IS TO DISTRIBUTE FUNDS, AND/OR PROPERTY EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC OR OTHER EXEMPT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert F Schmidt President | 0 | $0 | |
Marcy L Schmidt Vice-Pres | 0 | $0 | |
Sally Rowland Treasurer | 0 | $0 | |
Greg Hoenes Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350,000 |
| Interest on Savings | $25,491 |
| Dividends & Interest | $131,037 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,036 |
| Capital Gain Net Income | $36,036 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$17,559 |
| Total Revenue | $525,005 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $34,124 |
| Taxes | $2,142 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,488 |
| Total operating and administrative expenses | $99,405 |
| Contributions, gifts, grants paid | $243,126 |
| Total expenses and disbursements | $342,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,672 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $845,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $762,444 |
| Total assets | $7,402,556 |
| 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 | $1,578,678 |
| Total liabilities | $1,578,678 |
Grants Awarded
Over the last fiscal year, Dorbarleo Foundation Inc has awarded $243,126 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
A EMPOWER TEXANS PURPOSE: DONATION | $100 |
A TURNING POINT USA PURPOSE: DONATION | $6,000 |
AIMVETS PURPOSE: DONATION | $1,000 |
AMERICAN GREATNESS PURPOSE: DONATION | $125 |
AMERICAN VALUES PURPOSE: DONATION | $1,000 |
CFISD LIVESTOCK SHOW ASSOCIATION PURPOSE: DONATION | $1,200 |