Arthur S Demoss Foundation
- Assets
- $54.3m
- Revenue
- $2.5m
- Investments
- $42.5m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 03/1959
- Data as of
- 12/2020
- EIN
- 23-6404136
Organization Overview
Arthur S Demoss Foundation is located in West Palm Beach, FL. The organization was established in 1959. 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. Arthur S Demoss 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 12/2020, Arthur S Demoss Foundation generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (29.1%) each year. All expenses for the organization totaled $6.9m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (34.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Arthur S Demoss Foundation has awarded 15 individual grants totaling $9,018,661. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITERATURE FOR LITTLE ONES: THE PURPOSE OF THE PROJECT IS TO GIVE YOUTH AND CHILDREN AN OPPORTUNITY TO LEARN ABOUT GOD. BIBLES AND OTHER LITERATURE ARE DISTRIBUTED FREE OF CHARGE TO YOUTH AND CHILDREN AT RISK IN SCHOOLS AND THROUGH GRASSROOTS PROGRAMS IN DEVELOPING NATIONS. GRANT REQUESTS ARE NOT ACCEPTED FOR THIS INITIATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Demoss Secretary & Assistant Trea | 40 | $193,282 | |
Elisabeth Demoss Assistant Secretary | 40 | $161,461 | |
Haydee Marin Project Coordinator | 40 | $99,214 | |
Nancy Demoss Chairman Of Board & Treas. | 20 | $75,000 | |
Carmen Ochoa Project Coordinator | 40 | $68,962 | |
Steven Koleszar Administrative Assis | 40 | $61,657 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ingalls & Snyder Llc | 12/30/21 | $387,655 |
Yount Hyde & Barbour Pc | 12/30/21 | $140,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $12,212 |
| Dividends & Interest | $1,205,028 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,161,268 |
| Capital Gain Net Income | $1,161,268 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $118,836 |
| Total Revenue | $2,498,344 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $429,743 |
| Other employee salaries and wages | $269,116 |
| Pension plans, employee benefits | $263,447 |
| Interest | $0 |
| Taxes | $188,162 |
| Depreciation | $3,929 |
| Occupancy | $126,685 |
| Travel, conferences, and meetings | $6,420 |
| Printing and publications | $1,296 |
| Other expenses | $105,807 |
| Total operating and administrative expenses | $1,898,919 |
| Contributions, gifts, grants paid | $4,973,605 |
| Total expenses and disbursements | $6,872,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,858,143 |
| Savings and temporary cash investments | $0 |
| 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 | $7,854,819 |
| Net Land, buildings, and equipment | $6,898,051 |
| Other assets | $1,230 |
| Total assets | $54,299,283 |
| 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 | $8,729 |
| Total liabilities | $8,729 |
Grants Awarded
Over the last fiscal year, Arthur S Demoss Foundation has awarded $4,045,056 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LITERATURE FOR LITTLE ONES PURPOSE: LITERATURE DISTRIBUTION AND GENERAL SUPPORT | $3,677,756 |
Alpharetta, GA PURPOSE: GENERAL SUPPORT | $122,500 |
HALO PURPOSE: GENERAL SUPPORT | $72,500 |
Kerrville, TX PURPOSE: GENERAL SUPPORT | $65,600 |
Lakeland, FL PURPOSE: GENERAL SUPPORT | $59,700 |
CRU PURPOSE: GENERAL SUPPORT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |