The Dearborn Foundation
- Assets
- $4.6m
- Revenue
- $1.0m
- Investments
- $4.4m
- Employees
- 0
- Location
- Conway, NH
- Founding
- 04/1994
- Data as of
- 12/2023
- EIN
- 01-0477840
Organization Overview
The Dearborn Foundation is located in Conway, NH. The organization was established in 1994. 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. Dearborn Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Dearborn Foundation has awarded 311 individual grants totaling $1,439,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RECEIVES WRITTEN PROPOSALS FROM STUDENTS FOR SCHOLARSHIPS AND GRANTS FOR EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Edgerton President | 5 | $500 | |
Deborah Kelly Treasurer | 7 | $1,500 | |
John Berg Asst. Treasurer | 5 | $1,500 | |
Anne Moura Director | 10 | $500 | |
Kenneth Carr Director | 5 | $250 | |
Elbridge Russell Director | 5 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,481 |
| Net Rental Income | $41,514 |
| Net Gain on Sale of Assets | $940,537 |
| Capital Gain Net Income | $940,537 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,724 |
| Total Revenue | $1,040,288 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,250 |
| Other employee salaries and wages | $27,425 |
| Pension plans, employee benefits | $0 |
| Interest | $155 |
| Taxes | $15,845 |
| Depreciation | $26,587 |
| Occupancy | $13,161 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68,997 |
| Total operating and administrative expenses | $170,562 |
| Contributions, gifts, grants paid | $162,000 |
| Total expenses and disbursements | $332,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,276 |
| 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 | $4,371,296 |
| Net Land, buildings, and equipment | $199,046 |
| Other assets | $3,225 |
| Total assets | $4,578,843 |
| 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 | $34,928 |
| Total liabilities | $34,928 |
Grants Awarded
Over the last fiscal year, The Dearborn Foundation has awarded $190,500 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
PORTER BODKIN PURPOSE: SCHOLARSHIP-UME | $6,000 |
AUBREY DENICO PURPOSE: SCHOLARSHIP-UME | $6,000 |
LIAM KNOWLES PURPOSE: SCHOLARSHIP-UME | $6,000 |
NICHOLAS HAMMOND PURPOSE: SCHOLARSHIP-UME | $6,000 |
ISAAC PIETTE PURPOSE: SCHOLARSHIP-UME | $6,000 |
STEPHEN HANSELMANN PURPOSE: SCHOLARSHIP-UME | $6,000 |