Dorsey Foundation Inc
- Assets
- $11.4m
- Revenue
- $100.3k
- Investments
- $10.9m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-3002776
Organization Overview
Dorsey Foundation Inc is located in Indianapolis, IN. The organization was established in 2014. 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. Dorsey 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 12/2022, Dorsey Foundation Inc generated $100.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dorsey Foundation Inc has awarded 397 individual grants totaling $8,461,038. 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 |
|---|---|---|---|
Erin Dorsey President | 1 | $0 | |
Scott Dorsey Treasurer | 1 | $0 | |
Carol Dorsey Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo Advisors Llc | 12/30/16 | $55,754 |
David A Noyes & Company | 12/30/16 | $4,608 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,294 |
| Dividends & Interest | $203,419 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$107,564 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $169 |
| Total Revenue | $100,318 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $138,118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $232,714 |
| Contributions, gifts, grants paid | $839,000 |
| Total expenses and disbursements | $1,071,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550,588 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,401,924 |
| 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, Dorsey Foundation Inc has awarded $839,000 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC COMMUNITY FOUNDATION PURPOSE: GENERAL | $25,000 |
BENJAMIN HARRISON PRESIDENTIAL SITE PURPOSE: GENERAL | $66,500 |
ATHENAEUM FOUNDATION PURPOSE: GENERAL | $5,000 |
BIG BROTHERS BIG SISTERS OF CENTRAL INDIANA INC PURPOSE: GENERAL | $5,000 |
CENTER FOR INTERFAITH COOPERATION PURPOSE: GENERAL | $1,000 |
CENTRAL INDIANA COMMUNITY FOUNDATION PURPOSE: GENERAL | $20,000 |