Dollywood Foundation
- Assets
- $23.3m
- Revenue
- $42.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Pigeon Forge, TN
- Founding
- 01/1990
- Data as of
- 12/2020
- EIN
- 62-1348105
Organization Overview
Dollywood Foundation is located in Pigeon Forge, TN. The organization was established in 1990. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2020, Dollywood Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dollywood 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 12/2020, Dollywood Foundation generated $42.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 69.5% each year . All expenses for the organization totaled $40.7m during the year ending 12/2020. While expenses have increased by 66.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Dollywood Foundation has awarded 12 individual grants totaling $1,669,009. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE DOLLYWOOD FOUNDATION STRIVES TO INSPIRE CHILDREN TO DREAM MORE, LEARN MORE,CARE MORE AND BE MORE. THE FOUNDATION ASSISTS IN THE DEVELOPMENT OF READING SKILLS TO FOSTER A LOVE OF READING AND INCREASE EDUCATIONAL SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOLLY PARTON'S IMAGINATION LIBRARY MAILS FREE, HIGH-QUALITY BOOKS TO CHILDREN FROM BIRTH UNTIL THEY BEGIN SCHOOL, NO MATTER THEIR FAMILY'S INCOME. IN 2020, IMAGINATION LIBRARY MAILED OVER 18,400,000 BOOKS TO CHILDREN IN ALL 50 STATES.
MY PEOPLE FUND AND MOUNTAIN TOUGH RECOVERY TEAM - TO PROVIDE RELIEF TO PERSONS HARMED BY WILDFIRES IN THE LOCAL COMMUNITY. DURING THE YEAR ENDED DECEMBER 31, 2020, CONTRIBUTIONS OF OVER 275,000 WERE PROVIDED TO ORGANIZATIONS PROVIDING CONTINUED SUPPORT TO INDIVIDUALS AFFECTED BY THE WILDFIRES.
SCHOLARSHIPS - TO PROVIDE COLLEGE SCHOLARSHIPS TO LOCAL HIGH SCHOOL SENIORS. DURING THE YEAR ENDED DECEMBER 31, 2020, NEED-BASED COLLEGE SCHOLARSHIPS WERE AWARDED TO 22 DESERVING STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Dotson CEO | Officer | 40 | $241,641 |
Jeff Conyers President | Officer | 40 | $194,344 |
Craig Ross Vice Preside | OfficerTrustee | 1 | $0 |
Ken Bell Treasurer | OfficerTrustee | 1 | $0 |
Ted Miller Vice Chair | OfficerTrustee | 1 | $0 |
Dolly Parton Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $185,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,396,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,581,245 |
| Total Program Service Revenue | $38,645,119 |
| Investment income | $287,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $213,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,750,755 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $223,420 |
| Grants and other assistance to domestic individuals. | $80,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $599,413 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $435,985 |
| Compensation of current officers, directors, key employees. | $152,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $628,321 |
| Pension plan accruals and contributions | $85,311 |
| Other employee benefits | $121,788 |
| Payroll taxes | $70,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,476 |
| Fees for services: Accounting | $20,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $158,128 |
| Office expenses | $43,919 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,000 |
| Travel | $16,104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,923 |
| Insurance | $8,171 |
| All other expenses | $873,151 |
| Total functional expenses | $40,678,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,871,809 |
| Savings and temporary cash investments | $235,786 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $139,829 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,715 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $378,795 |
| Investments—publicly traded securities | $11,618,209 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,282,143 |
| Accounts payable and accrued expenses | $3,475,528 |
| Grants payable | $0 |
| Deferred revenue | $5,316,042 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,467 |
| Total liabilities | $8,915,037 |
| Net assets without donor restrictions | $13,792,161 |
| Net assets with donor restrictions | $574,945 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,282,143 |
Grants Awarded
Over the last fiscal year, Dollywood Foundation has awarded $217,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Sevierville, TN PURPOSE: PROGRAM SUPPORT | $87,500 |
Sevierville, TN PURPOSE: PROGRAM SUPPORT | $50,000 |
Knoxville, TN PURPOSE: PROGRAM SUPPORT | $50,000 |
Morristown, TN PURPOSE: PROGRAM SUPPORT | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Dollywood Foundation has recieved totaling $13,780.
| Awarding Organization | Amount |
|---|---|
Crown Point Community Foundation Inc Crown Point, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,180 |
Medwed Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $2,600 |
Closet Of The Greater Herndon Area Inc Herndon, VA PURPOSE: TO ASSIST MISSION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Company Charitable Foundation Inc Atlanta, GA | $133,098,319 | $27,836,912 |
Burroughs Wellcome Fund Research Triangle Park, NC | $946,804,754 | $86,337,046 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Blue Cross And Blue Shield Of North Carolina Foundation Durham, NC | $253,862,813 | $27,558,288 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Blue Cross & Blue Shield Of Mississippi Foundation Flowood, MS | $119,611,651 | $5,854,084 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |