Barry L And Paula M Downing Foundation
- Assets
- $5.7m
- Revenue
- $188.4k
- Investments
- $5.7m
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 12/1993
- Data as of
- 12/2022
- EIN
- 48-1134459
Organization Overview
Barry L And Paula M Downing Foundation is located in Wichita, KS. The organization was established in 1993. 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. Barry L And Paula M Downing 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, Barry L And Paula M Downing Foundation generated $188.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $664.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Barry L And Paula M Downing Foundation has awarded 50 individual grants totaling $1,052,049. 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 |
|---|---|---|---|
Barry Downing Co-Trustee | 1 | $0 | |
Paula Downing Co-Trustee | 1 | $0 | |
Lisa Wright Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $105,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,388 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,041 |
| Capital Gain Net Income | $30,041 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $188,429 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $41,775 |
| Taxes | $5,599 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $206,461 |
| Printing and publications | $0 |
| Other expenses | $2,303 |
| Total operating and administrative expenses | $258,976 |
| Contributions, gifts, grants paid | $405,789 |
| Total expenses and disbursements | $664,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,436 |
| 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 | $5,687,654 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,900 |
| Total assets | $5,710,990 |
| Accounts payable and accrued expenses | $348 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,000,000 |
| Other liabilities | $0 |
| Total liabilities | $2,000,348 |
Grants Awarded
Over the last fiscal year, Barry L And Paula M Downing Foundation has awarded $405,789 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CEREBRAL PALSY RESEARCH FOUNDATION PURPOSE: CONTRIBUTIONS TO RIVER CITY ROLL 2022 | $7,500 |
COUNCIL FOR A STRONG AMERICA PURPOSE: CONTRIBUTIONS TO OPERATIONS | $2,500 |
ST JUDES CHILDRENS RESEARCH HOSPITAL PURPOSE: OPERATING EXPENSES DONATION | $1,000 |
GRUMPY OLD MEN PURPOSE: COMMUNITY SUPPORT DONATION | $3,000 |
FUNDAMENTAL LEARNING CENTER PURPOSE: PROGRAM EXPENSES | $5,000 |
KSDS INC PURPOSE: CAPITAL CAMPAIGN CONTRIBUTIONS | $8,300 |