Dorea Foundation
- Assets
- $1.4m
- Revenue
- $21.2k
- Investments
- $910.5k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 11/1991
- Data as of
- 12/2022
- EIN
- 41-1703735
Organization Overview
Dorea Foundation is located in Minneapolis, MN. The organization was established in 1991. 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. Dorea 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, Dorea Foundation generated $21.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (37.0%) each year. All expenses for the organization totaled $675.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Dorea Foundation has awarded 68 individual grants totaling $5,260,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pauline M Keinath President & Director | 0.25 | $0 | |
Marlo W Turcotte Vice President | 0.25 | $0 | |
Sarah C Schaeffer Treasurer & Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,145 |
| Dividends & Interest | $33,286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,204 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,227 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $25 |
| Taxes | $9,095 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,119 |
| Total operating and administrative expenses | $40,239 |
| Contributions, gifts, grants paid | $635,000 |
| Total expenses and disbursements | $675,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $465,141 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,375,634 |
| 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, Dorea Foundation has awarded $635,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BEHIND THE SCENE INTERNATIONAL PURPOSE: UNRESTRICTED | $135,000 |
CHARACTERPLUS (FRIENDS OF CHARACTERPLUS) PURPOSE: UNRESTRICTED | $50,000 |
CHILD EVANGELISM FELLOWSHIP PURPOSE: UNRESTRICTED | $50,000 |
COMPASSION INTERNATIONAL PURPOSE: UNRESTRICTED | $75,000 |
FIRST LIGHT MINISTIRES PURPOSE: UNRESTRICTED | $125,000 |
SUNSHINE MINISTRIES PURPOSE: UNRESTRICTED | $100,000 |