E M Downer Foundation
- Assets
- $838.3k
- Revenue
- $16.9k
- Investments
- $743.4k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 47-5367711
Organization Overview
E M Downer Foundation is located in Wilmington, DE. The organization was established in 2016. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. E M Downer 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, E M Downer Foundation generated $16.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $44.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, E M Downer Foundation has awarded 40 individual grants totaling $128,750. 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 |
|---|---|---|---|
E Michael Downer Pres, Dir, Sec, Treas | 1 | $0 | |
Yoshimi Downer Dir | 1 | $0 | |
Edward M Downer III Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $442 |
| Dividends & Interest | $26,105 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,644 |
| Capital Gain Net Income | $46,352 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,903 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,033 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,335 |
| Total operating and administrative expenses | $10,936 |
| Contributions, gifts, grants paid | $34,000 |
| Total expenses and disbursements | $44,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $94,955 |
| 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 | $838,339 |
| 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, E M Downer Foundation has awarded $34,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BAY AREA RESCUE MISSION PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
BOYS AND GIRLS CLUBS OF NAPA VALLEY PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
CALIFORNIA SYMPHONY ORCHESTRA INC PURPOSE: DOWNER ELEMENTARY SOUND MINDS PROGRAM | $5,000 |
EAST BAY CENTER FOR THE PERFORMING ARTS PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
RICHMOND ART CENTER PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
TROON COUNTRY CLUB SCHOLARSHIPFOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $5,000 |