Ernest G Debakey Charitable Foundation
- Assets
- $16.8m
- Revenue
- $593.1k
- Investments
- $15.6m
- Employees
- 0
- Location
- St Elmo, AL
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 72-1374786
Organization Overview
Ernest G Debakey Charitable Foundation is located in St Elmo, AL. The organization was established in 1998. 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. Ernest G Debakey Charitable 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, Ernest G Debakey Charitable Foundation generated $593.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $932.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ernest G Debakey Charitable Foundation has awarded 79 individual grants totaling $3,826,079. 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 |
|---|---|---|---|
Frank L Mcphillips MD Director | 0.1 | $3,000 | |
Mark Nix Director | 0.1 | $3,000 | |
Leigh Anne Fleming Pres/tre/dir | 5 | $63,423 | |
Ft Boudreau III MD Director | 0.1 | $3,000 | |
Christopher H Dyas Director | 0.1 | $3,000 | |
Jamie Tarziers Director/drug Ed Coordinator | 20 | $33,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $256,243 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $336,813 |
| Capital Gain Net Income | $336,813 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $593,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $124,678 |
| Other employee salaries and wages | $47,224 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,344 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,843 |
| Printing and publications | $0 |
| Other expenses | $76,978 |
| Total operating and administrative expenses | $404,125 |
| Contributions, gifts, grants paid | $528,109 |
| Total expenses and disbursements | $932,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,106,446 |
| Savings and temporary cash investments | $72,288 |
| 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 | $2,857,391 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $40,000 |
| Total assets | $16,825,417 |
| 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, Ernest G Debakey Charitable Foundation has awarded $528,109 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
FAIRHOPE TRIANGLE CONSERVANCY PURPOSE: COMMUNITY WELFARE | $5,000 |
CHILDREN'S OF ALABAMA PURPOSE: COMMUNITY WELFARE | $5,000 |
AUTISM AVENUE PURPOSE: COMMUNITY WELFARE | $5,000 |
CHRISTIAN MEDICAL MINISTRY PURPOSE: COMMUNITY WELFARE | $48,000 |
COMMUNITY SERVICES FOR VISION REHABILITATION PURPOSE: COMMUNITY WELFARE | $5,000 |
DRUG EDUCATION COUNCIL PURPOSE: EDUCATION | $10,500 |