Dohmen Company Foundation Inc
- Assets
- $140.6m
- Revenue
- $8.4m
- Investments
- $87.0m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 07/2008
- Data as of
- 12/2023
- EIN
- 35-2317921
Organization Overview
Dohmen Company Foundation Inc is located in Milwaukee, WI. 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. Dohmen Company Foundation Inc 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, Dohmen Company Foundation Inc generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $11.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dohmen Company Foundation Inc has awarded 69 individual grants totaling $20,161,250. 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 |
|---|---|---|---|
Cynthia A Laconte Chairman (as Of 09/2023) | 0.6 | $0 | |
Rachel Roller President & CEO | 30 | $310,904 | |
Robert Dohmen Chairman (thru Of 09/2023) | 0.6 | $0 | |
Ted Dohmen Director | 0.6 | $0 | |
Michael Italiano CFO & Cio | 40 | $238,915 | |
Nanette Gardetto Director | 0.6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Best & Friedrich Llp | 12/30/23 | $51,030 |
Jp Morgan Chase Bank | 12/30/23 | $73,991 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,848,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,568,276 |
| Capital Gain Net Income | $5,158,045 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,416,552 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $597,718 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $32,911 |
| Interest | $0 |
| Taxes | $2,125,038 |
| Depreciation | $7,728 |
| Occupancy | $7,000 |
| Travel, conferences, and meetings | $11,499 |
| Printing and publications | $0 |
| Other expenses | $39,536 |
| Total operating and administrative expenses | $3,274,695 |
| Contributions, gifts, grants paid | $8,402,750 |
| Total expenses and disbursements | $11,677,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,360,197 |
| Savings and temporary cash investments | $51,259,702 |
| 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 | $2,408 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,999 |
| Total assets | $140,603,679 |
| Accounts payable and accrued expenses | $1,160,761 |
| 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 | $238,907 |
| Total liabilities | $1,399,668 |
Grants Awarded
Over the last fiscal year, Dohmen Company Foundation Inc has awarded $15,028,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF MILWAUKEE PURPOSE: SPONSORSHIP FOR BRONZEVILLE WEEK | $5,000 |
COMMUNITY SERVINGS INC PURPOSE: GENERAL SUPPORT | $5,000 |
FOOD FOR HEALTH PURPOSE: GENERAL SUPPORT | $15,000,000 |
PEARLS FOR TEEN GIRLS INC PURPOSE: SPONSORSHIP | $3,000 |
TEENS GROW GREENS INC PURPOSE: SPONSORSHIP | $15,000 |
WESTCARE WISCONSIN INC PURPOSE: EARTH DAY CLEANUP PROJECT | $250 |