The Sally And Dick Molpus Foundation
- Assets
- $1.6m
- Revenue
- $999.6k
- Investments
- $1.4m
- Employees
- 0
- Location
- Philadelphia, MS
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 26-0594821
Organization Overview
The Sally And Dick Molpus Foundation is located in Philadelphia, MS. The organization was established in 2008. 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. Sally And Dick Molpus 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, Sally And Dick Molpus Foundation generated $999.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $619.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sally And Dick Molpus Foundation has awarded 273 individual grants totaling $6,458,813. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard H Molpus Jr President | 1 | $0 | |
Tyler Rosamond Vice President | 1 | $0 | |
Pam Steverson Treasurer | 1 | $0 | |
Terrell E Winstead Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $900,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $99,627 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $999,627 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $28,435 |
| Taxes | $827 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,693 |
| Printing and publications | $0 |
| Other expenses | $830 |
| Total operating and administrative expenses | $41,287 |
| Contributions, gifts, grants paid | $577,950 |
| Total expenses and disbursements | $619,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,656 |
| 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 | $1,421,759 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,637,415 |
| 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 | $400,000 |
| Other liabilities | $0 |
| Total liabilities | $400,000 |
Grants Awarded
Over the last fiscal year, The Sally And Dick Molpus Foundation has awarded $577,950 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Jackson, MS PURPOSE: CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE | $150,000 |
Jackson, MS PURPOSE: CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE | $100,000 |
THE PARENTS CAMPAIGN - RESEARCH & EDUCATION PURPOSE: CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE | $100,000 |
Jackson, MS PURPOSE: CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE | $70,000 |
MSU FOUNDATION PURPOSE: CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE | $57,500 |
New Orleans, LA PURPOSE: CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
Zoma Foundation Bentonville, AR | $228,655,575 | $19,208,599 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
The William B Wiener Jr Foundation Shreveport, LA | $23,196,478 | $3,677,470 |
Bashinsky Foundation Inc Birmingham, AL | $2,626,965 | $3,568,518 |