Mclaughlin Doty Foundation
- Assets
- $2.0m
- Revenue
- $340.9k
- Investments
- $1.9m
- Employees
- 0
- Location
- Kerrville, TX
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 27-4319466
Organization Overview
Mclaughlin Doty Foundation is located in Kerrville, TX. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclaughlin Doty 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, Mclaughlin Doty Foundation generated $340.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $780.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mclaughlin Doty Foundation has awarded 365 individual grants totaling $4,657,893. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 40 | $65,000 | |
Name Not Listed Director | 40 | $45,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $54,434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $278,967 |
| Capital Gain Net Income | $278,967 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,500 |
| Total Revenue | $340,901 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,927 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,390 |
| Total operating and administrative expenses | $188,268 |
| Contributions, gifts, grants paid | $591,780 |
| Total expenses and disbursements | $780,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,468 |
| 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 | $14,577 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,999,829 |
| Accounts payable and accrued expenses | $2,554 |
| 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 | $2,554 |
Grants Awarded
Over the last fiscal year, Mclaughlin Doty Foundation has awarded $591,780 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AH HAA SCHOOL FOR THE ARTS PURPOSE: GENERAL DONATION | $65,000 |
ANGELO STATE UNIVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIP | $15,000 |
AUSTIN COLLEGE PURPOSE: EDUCATIONAL SCHOLARSHIP | $10,000 |
BAYLOR UNIVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIP | $7,500 |
CENTRAL TEXAS COLLEGE PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,000 |
COLORADO MESA UNIVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIP | $15,000 |