Douglas C Beaton Family Foundation
- Assets
- $2.8m
- Revenue
- $315.9k
- Investments
- $2.8m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 27-1039100
Organization Overview
Douglas C Beaton Family Foundation is located in New Orleans, LA. The organization was established in 2011. 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. Douglas C Beaton Family 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 12/2023, Douglas C Beaton Family Foundation generated $315.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 67.4% each year . All expenses for the organization totaled $165.5k during the year ending 12/2023. While expenses have increased by 8.8% per year over the past 8 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 2015, Douglas C Beaton Family Foundation has awarded 181 individual grants totaling $760,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADE 33 CHARITABLE CONTRIBUTIONS TO 30 501C TAX EXEMPT ORGANIZATIONS
ANNUAL MEETING TO DETERMINE CHARITABLE CONTRIBUTIONS AND DIRECTION FOR THE FUTURE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Folse Director | 2 | $0 | |
Kathleen Folse Director | 1 | $6,000 | |
Steven Folse Director | 6 | $15,000 | |
Katherine M Folse Director | 2 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $63,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $251,628 |
| Capital Gain Net Income | $251,628 |
| Net ST Capital Gain | $21,131 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $632 |
| Total Revenue | $315,884 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,715 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $358 |
| Printing and publications | $0 |
| Other expenses | $2,183 |
| Total operating and administrative expenses | $38,456 |
| Contributions, gifts, grants paid | $127,000 |
| Total expenses and disbursements | $165,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,077 |
| 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 | $2,837,336 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,848,413 |
| 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, Douglas C Beaton Family Foundation has awarded $127,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ST RITA CATHOLIC CHURCH PURPOSE: CHARITABLE-RELIGIOUS ORGANIZATION | $2,000 |
BIG BROTHERS BIG SISTERS PURPOSE: CHARITABLE-MENTOR CHILDREN WITH LIMITED RESOURCES | $3,000 |
CATHOLIC CHARITIES PURPOSE: CHARITABLE-ASSIST THE POOR AND VULNERABLE | $4,000 |
GIRLS INC OF METRO DENVER PURPOSE: CHARITABLE-MENTOR GIRLS WITH LIMITED RESOURCES | $2,000 |
WOMENS NEW LIFE CENTER PURPOSE: CHARITABLE-AID FOR POOR AND PREGNANT WOMEN | $8,000 |
HOLY NAME SCHOOL PURPOSE: EDUCATIONAL-COLLEGE PREPARATION | $7,000 |