Charles And Dana Nearburg Foundation
- Assets
- $3.4m
- Revenue
- $239.4k
- Investments
- $3.4m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 75-2658947
Organization Overview
Charles And Dana Nearburg Foundation is located in Dallas, TX. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles And Dana Nearburg 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 12/2021, Charles And Dana Nearburg Foundation generated $239.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $526.2k during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 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 2016, Charles And Dana Nearburg Foundation has awarded 24 individual grants totaling $2,198,651. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL. DONATIONS WERE MADE TO ARTCENTER COLLEGE OF DESIGN TO FUND THE ARTCENTER'S SOUTH CAMPUS LEARNING SPACE.
EDUCATIONAL. DONATION MADE TO THE PETERSEN AUTOMOTIVE MUSEUM FOUNDATION TO SUPPORT THE CONTINUED MISSION OF THE HISTORY OF THE AUTOMOBILE AND ITS IMPACT ON GLOBAL LIFE AND CULTURE.
EDUCATIONAL. DONATION MADE TO DARTMOUTH COLLEGE, THAYER/COMPUTER SCIENCE CONSTRUCTION
EDUCATIONAL DONATION TO THE ST. MARK'S SCHOOL OF TEXAS TO HELP FUND THE WINN SCIENCE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles E Nearburg Pres/director | 0 | $0 | |
Duane A Davis Secretary | 0 | $0 | |
Anna M Nearburg Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $114,882 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $122,622 |
| Capital Gain Net Income | $122,622 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,916 |
| Total Revenue | $239,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,828 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,205 |
| Total operating and administrative expenses | $26,214 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $526,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,412 |
| 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 | $3,365,424 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $57,323 |
| Total assets | $3,425,159 |
| 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, Charles And Dana Nearburg Foundation has awarded $500,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Pasadena, CA PURPOSE: TO SUPPORT THE ARTCENTER'S SOUTH CAMPUS LEARNING SPACE | $200,000 |
THE PETERSEN AUTOMOTIVE MUSEUM PURPOSE: TO EXPLORE AND PRESENT THE HISTORY OF THE AUTOMOBILE AND ITS IMPACT ON GLOBAL LIFE AND CULTURE. | $100,000 |
DARTMOUTH COLLEGE PURPOSE: THAYER/COMPUTER SCIENCE CONSTRUCTION | $100,000 |
Dallas, TX PURPOSE: WINN SCIENCE CENTER | $50,000 |
DARTMOUTH COLLEGE PURPOSE: ROWING FACILITIES GIFT FUND | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |