Downs Foundation
- Assets
- $988.6k
- Revenue
- $59.0k
- Investments
- $946.5k
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 11/1963
- Data as of
- 12/2022
- EIN
- 23-6257328
Organization Overview
Downs Foundation is located in Philadelphia, PA. The organization was established in 1963. According to its NTEE Classification (G25) the organization is classified as: Down Syndrome, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downs 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 12/2022, Downs Foundation generated $59.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $69.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Downs Foundation has awarded 30 individual grants totaling $119,200. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George T Downs III Trustee | 1 | $0 | |
Emily D Doscher Trustee | 1 | $0 | |
Alice K Downs Trustee | 1 | $0 | |
Thomas G Downs II Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,335 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,653 |
| Capital Gain Net Income | $41,653 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,988 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,376 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,500 |
| Total operating and administrative expenses | $10,051 |
| Contributions, gifts, grants paid | $59,000 |
| Total expenses and disbursements | $69,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,079 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $946,472 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $988,551 |
| 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, Downs Foundation has awarded $59,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ABINGTON HEALTH FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
ALLIANCE FOR A LIVING OCEAN PURPOSE: GENERAL CHARITABLE PURPOSES | $3,000 |
FORGOTTEN CATS INC PURPOSE: GENERAL CHARITABLE PURPOSES | $6,000 |
FREEDOM VALLEY YMCA PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
FREEDOM SERVICE DOGS INC PURPOSE: GENERAL CHARITABLE PURPOSES | $3,000 |
MORRIS ARBORETUM OF THE UNIVERSITY OF PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |