R Howard Dobbs Jr Foundation Inc
- Assets
- $58.9m
- Revenue
- $1.3m
- Investments
- $53.6m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/1961
- Data as of
- 12/2023
- EIN
- 58-6033186
Organization Overview
R Howard Dobbs Jr Foundation Inc is located in Atlanta, GA. The organization was established in 1961. 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. R Howard Dobbs Jr 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, R Howard Dobbs Jr Foundation Inc generated $1.3m 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 (17.3%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, R Howard Dobbs Jr Foundation Inc has awarded 294 individual grants totaling $14,725,571. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Cody Laird Jr Trustee | 1 | $0 | |
C Markly Crosswell Trustee/chair | 1 | $0 | |
Nancy Clair Laird Trustee/secretary | 1 | $0 | |
David D Weitnauer President | 40 | $273,072 | |
Barbara Cleveland Trustee | 1 | $0 | |
H Bright Crosswell Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pointer Capital Llc | 12/30/23 | $215,963 |
Vanguard Institutional Advisory Services | 12/30/23 | $64,869 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $61,520 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,234,196 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,345 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,291,371 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $273,072 |
| Other employee salaries and wages | $120,560 |
| Pension plans, employee benefits | $93,685 |
| Interest | $1,035 |
| Taxes | $123,476 |
| Depreciation | $3,120 |
| Occupancy | $145,273 |
| Travel, conferences, and meetings | $49,450 |
| Printing and publications | $797 |
| Other expenses | $200,268 |
| Total operating and administrative expenses | $1,349,647 |
| Contributions, gifts, grants paid | $1,795,000 |
| Total expenses and disbursements | $3,144,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,113,836 |
| 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 | $23,194,505 |
| Net Land, buildings, and equipment | $23,717 |
| Other assets | $224,282 |
| Total assets | $58,915,410 |
| Accounts payable and accrued expenses | $17,914 |
| Grants payable | $1,225,334 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $431,335 |
| Total liabilities | $1,674,583 |
Grants Awarded
Over the last fiscal year, R Howard Dobbs Jr Foundation Inc has awarded $2,127,166 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTA DOULA COLLECTIVE PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $15,000 |
AUGUSTA LOCALLY GROWN PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $25,000 |
CANOPY ATLANTA PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $25,000 |
CARL VINSON INSTITUTE PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $25,000 |
CENTER FOR THE VISUALLY IMPAIRED PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $50,000 |
CHRIS 180 PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $50,000 |