Thomas Dubois Hormel Foundation Inc
- Assets
- $7.5m
- Revenue
- $223.0k
- Investments
- $7.4m
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- Data as of
- 12/2022
- 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 12/2022, Thomas Dubois Hormel Foundation Inc generated $223.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (69.4%) each year. All expenses for the organization totaled $487.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Thomas Dubois Hormel Foundation Inc has awarded 14 individual grants totaling $503,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer L Quinn Director And Treasurer | 3 | $0 | |
Charles D Ignacio Director And Secretary | 1 | $0 | |
Marisa I Hormel Director And President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $663 |
| Dividends & Interest | $134,494 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $87,872 |
| Capital Gain Net Income | $87,872 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $223,029 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,254 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $770 |
| Total operating and administrative expenses | $77,510 |
| Contributions, gifts, grants paid | $410,000 |
| Total expenses and disbursements | $487,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $115,757 |
| 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 | $1,505,933 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,512,533 |
| 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 $410,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO PROVIDE SUPPORT FOR THE HIGHEST CALIBER OF ARTISTIC EDUCATION FOR GIFTED MUSICIANS, DANCERS, AND ACTORS FROM AROUND THE WORLD. | $100,000 |
Rochester, NY PURPOSE: TO PROVIDE EDUCATIONAL FACILITIES TO THE KIDS OF ROCHESTER | $50,000 |
CARNIEGE HALL PURPOSE: TO SUPPORT THE POWER OF MUSIC THROUGH PERFORMANCES, VISIONARY EDUCATION AND SOCIAL IMPACT PROGRAMS | $50,000 |
Austin, MN PURPOSE: TO PROVIDE EDUCATIONAL SEMINARS AND PROGRAMS RELATED TO NATURE AND NATURE APPRECIATION | $50,000 |
New York, NY PURPOSE: TO PROVIDE KIDS WITH HEALTHY HABITS TO LEARN AND LIVE BETTER | $50,000 |
LOS ANGELES PHILHARMONIC PURPOSE: TO PROVIDE MEDIA INITIATIVES AND LEARNING PROGRAMS THAT INSPIRE AND STRENGTHEN COMMUNITIES IN LOS ANGELES AND BEYOND | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Arts Of Central Florida Inc Orlando, FL | $7,262,760 | $11,256,012 |
Gwinnett Championship Foundation Inc Duluth, GA | $476,337 | $4,123,025 |
Digital Convergence Alliance Inc Tampa, FL | $2,233,099 | $3,394,790 |
Cobb Community Foundation Inc Atlanta, GA | $18,425,025 | $3,579,591 |
Creative City Collaborative Of Delray Beach Inc Delray Beach, FL | $1,041,652 | $1,722,998 |
School Of The Arts Foundation Inc West Palm Beach, FL | $10,434,549 | $1,851,470 |
Art Culture And Entertainment Inc Pensacola, FL | $146,996 | $1,084,283 |
I Love Music Tour Inc Jacksonville, FL | -$30,381 | $604,942 |
Nasyonbonsamariten Hollywood, FL | $12,299 | $594,257 |
Grsp Foundation Savannah, GA | $15,605,177 | $1,060,324 |
Thomas Dubois Hormel Foundation Inc Fort Lauderdale, FL | $7,512,533 | $223,029 |
Friends With Benefits Fund Augusta, GA | $3,687 | $377,157 |