Thomas Dubois Hormel Foundation Inc
- Assets
- $7.1m
- Revenue
- $95.8k
- Investments
- $7.0m
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- Data as of
- 12/2023
- EIN
- 85-1272160
Organization Overview
Thomas Dubois Hormel Foundation Inc is located in Fort Lauderdale, FL. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Dubois Hormel 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, Thomas Dubois Hormel Foundation Inc generated $95.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (66.7%) each year. All expenses for the organization totaled $481.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Thomas Dubois Hormel Foundation Inc has awarded 24 individual grants totaling $903,000. 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 |
|---|---|---|---|
Marisa I Hormel Director And President | 2 | $0 | |
Jennifer L Quinn Director And Treasurer | 3 | $0 | |
Charles D Ignacio Director And Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $96 |
| Dividends & Interest | $164,935 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$69,236 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $95,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,229 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,081 |
| Total operating and administrative expenses | $81,275 |
| Contributions, gifts, grants paid | $400,000 |
| Total expenses and disbursements | $481,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $171,001 |
| 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 | $1,384,627 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,127,053 |
| 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, Thomas Dubois Hormel Foundation Inc has awarded $400,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CARNIEGE HALL PURPOSE: TO SUPPORT THE POWER OF MUSIC THROUGH PERFORMANCES, VISIONARY EDUCATION AND SOCIAL IMPACT PROGRAMS | $50,000 |
FRIENDS OF THE HORMEL NATURE CENTER PURPOSE: TO PROVIDE EDUCATIONAL SEMINARS AND PROGRAMS RELATED TO NATURE AND NATURE APPRECIATION | $20,000 |
JUILLIARD SCHOOL FUND PURPOSE: TO PROVIDE SUPPORT FOR THE HIGHEST CALIBER OF ARTISTIC EDUCATION FOR GIFTED MUSICIANS, DANCERS, AND ACTORS FROM AROUND THE WORLD. | $100,000 |
HORMEL HISTORIC HOME INC PURPOSE: TO PRESERVE THE HISTORY AND VALUES OF THE GEORGE A AND LILLIAN HORMEL FAMILY THROUGH THE PRESERVATION OF THE HORMEL HISTORIC HOME AND SERVING THE COMMUNITY AS A MEETING PLACE TO PURSUE THE HORMEL FAMILY VALUES OF HOSPITALITY, EDUCATION, MUSIC APPRECIATION ,AND ENTREPRENEURSHIP. | $50,000 |
MOUNT SINAI BETH ISRAEL PURPOSE: TO PROVIDE COMPASSIONATE PATIENT CARE WITH SEAMLESS COORDINATION | $10,000 |
PHILHARMONIC SYMPHONY PURPOSE: TO SUPPORT AND MAINTAIN EMINENT SYMPHONY ORCHESTRA IN NEW YORK | $25,000 |