Thomas A And Mary E Dugan Foundation
- Assets
- $5.1m
- Revenue
- $3.2m
- Investments
- $1.6m
- Employees
- 0
- Location
- Farmington, NM
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 27-2892319
Organization Overview
Thomas A And Mary E Dugan Foundation is located in Farmington, NM. The organization was established in 2011. 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. Thomas A And Mary E Dugan 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, Thomas A And Mary E Dugan Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 61.2% each year . All expenses for the organization totaled $253.9k during the year ending 12/2022. While expenses have increased by 15.2% 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, Thomas A And Mary E Dugan Foundation has awarded 91 individual grants totaling $723,700. 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 |
|---|---|---|---|
Sean Thomas Dugan Pres./dir. | 1 | $0 | |
Megan M Dugan Vp/dir. | 1 | $0 | |
Crystal Gates Secretary | 1 | $0 | |
Jim L Jacobs Director | 0 | $0 | |
Carl E Matthews Director | 0 | $0 | |
Ray Peterson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500,000 |
| Interest on Savings | $1,941 |
| Dividends & Interest | $21,205 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $653,010 |
| Total Revenue | $3,176,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,067 |
| Depreciation | $114,369 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $799 |
| Total operating and administrative expenses | $123,877 |
| Contributions, gifts, grants paid | $130,000 |
| Total expenses and disbursements | $253,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,528,696 |
| 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 | $338,074 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,124,902 |
| 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, Thomas A And Mary E Dugan Foundation has awarded $130,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ANGEL CITY CHORALE PURPOSE: TO FURTHER THE ORGANIZATION'S PURPOSE OF REFLECTING THE SPIRIT AND DIVERSITY OF LOS ANGELES AND BUILDING COMMUNITY ONE SONG AT A TIME. | $10,000 |
EQUAL ACCESS TO JUSTICE INC PURPOSE: TO PROMOTE, IMPROVE, AND SUPPORT THE DELIVERY OF LEGAL SERVICES TO THE POOR AND DISTRESSED PERSONS IN NM AND TO ENHANCE PUBLIC AWARENESS OF THE NEED FOR LEGAL SERVICES TO THESE INDIVIDUALS. | $10,000 |
DURANGO EARLY LEARNING CENTER PURPOSE: TO ACCOMPLISH THE ORGANIZATION'S PURPOSE OF NUTURING CHILD DEVELOPMENT IN PARTNERSHIP WITH FAMILIES OF DIVERSE BACKGROUNDS. | $10,000 |
INSPIRE HEART INC PURPOSE: TO USE ART AS AN AVENUE TO HELP STUDENTS TO BE SERVANT LEADERS AS THEY WORK TOGETHER ON PROJECTS THAT PROMOTE THEIR SCHOOL COMMUNITY. | $10,000 |
FOUR WINDS RECOVERY CENTER INC PURPOSE: TO FURTHER THE ORGANIZATION'S PURPOSE OF DEALING WITH THE PROBLEM OF ALCOHOLISM IN ACCORDANCE WITH THE COMMUNITY ALCOHOLISM TREATMENT AND DETOXIFICATION ACT OF THE STATE OF NEW MEXICO. | $5,000 |
SAN JUAN MEDICAL FOUNDATION INC PURPOSE: FOR THE BUILDING WINGS CHILDREN'S FUND, WHICH WILL IMPROVE THE PEDIATRIC WING AT SAN JUAN REGIONAL MEDICAL CENTER. | $25,000 |