Dodge Jones Legacy Foundation
- Assets
- $27.2m
- Revenue
- $3.8m
- Investments
- $22.2m
- Employees
- 0
- Location
- Abilene, TX
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 83-0775721
Organization Overview
Dodge Jones Legacy Foundation is located in Abilene, TX. The organization was established in 2019. 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. Dodge Jones Legacy 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, Dodge Jones Legacy Foundation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 26.8% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kade L Matthews President | 1 | $0 | |
Jospeh E Canon Exec. Vice President | 1 | $0 | |
Kirk Thaxton Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $143,309 |
| Dividends & Interest | $469,517 |
| Net Rental Income | -$207,013 |
| Net Gain on Sale of Assets | $2,638,847 |
| Capital Gain Net Income | $2,638,847 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $509,867 |
| Total Revenue | $3,796,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63,504 |
| Depreciation | $544,090 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $280,182 |
| Total operating and administrative expenses | $1,069,052 |
| Contributions, gifts, grants paid | $131,000 |
| Total expenses and disbursements | $1,200,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,945 |
| Savings and temporary cash investments | $2,282,030 |
| 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 | $3,364,069 |
| Net Land, buildings, and equipment | $2,771,443 |
| Other assets | $2,093 |
| Total assets | $27,214,094 |
| 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 | $515,275 |
| Total liabilities | $515,275 |
Grants Awarded
Over the last fiscal year, Dodge Jones Legacy Foundation has awarded $1,430,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HISTORIC PARAMOUNT TEATRE INC PURPOSE: NEW THEATER SEATS | $270,000 |
CENTER FOR CONTEMPORARY ARTS PURPOSE: GENERAL OPERATIONS | $130,000 |
COMMUNITY FOUNDATION OF ABILENE PURPOSE: GENERAL OPERATIONS | $1,000,000 |
UNITED WAY FOUNDATION OF ABILENE PURPOSE: GENERAL OPERATIONS | $30,000 |