Henry L & Grace Doherty
- Assets
- $12.2m
- Revenue
- $3.2m
- Investments
- $12.0m
- Employees
- 0
- Location
- Sea Girt, NJ
- Founding
- 10/1948
- Data as of
- 12/2022
- EIN
- 13-6401292
Organization Overview
Henry L & Grace Doherty is located in Sea Girt, NJ. The organization was established in 1948. 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. Henry L & Grace Doherty 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, Henry L & Grace Doherty generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.3% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Henry L & Grace Doherty has awarded 87 individual grants totaling $3,393,298. 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 |
|---|---|---|---|
Walter R Brown President/director | 10 | $50,000 | |
Ann Billingsley Director | 1.5 | $10,000 | |
Luann Masterson Director | 1.5 | $10,000 | |
Helen Lee Billingsley Director | 1.5 | $10,000 | |
Kiyoko Brown Director | 1.5 | $10,000 | |
James R Billingsley Jr Secretary/director | 5 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $261,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,946,579 |
| Capital Gain Net Income | $2,946,579 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,171 |
| Total Revenue | $3,238,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,183 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,904 |
| Printing and publications | $0 |
| Other expenses | $5,774 |
| Total operating and administrative expenses | $341,620 |
| Contributions, gifts, grants paid | $880,890 |
| Total expenses and disbursements | $1,222,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,871 |
| Savings and temporary cash investments | $36,370 |
| 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 | $358,956 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,177,539 |
| Accounts payable and accrued expenses | $144,414 |
| 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 | $144,414 |
Grants Awarded
Over the last fiscal year, Henry L & Grace Doherty has awarded $880,890 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE RIDGE AREA FOOD TRUCK PURPOSE: GENERAL SUPPORT | $5,000 |
BOWDOIN COLLEGE PURPOSE: GENERAL SUPPORT | $250,000 |
BILLION OYSTER PROJECT PURPOSE: GENERAL SUPPORT | $103,000 |
BROOKLYN COMMUNITY FDN PURPOSE: GENERAL SUPPORT | $5,300 |
CHARLOTTESVILLE CATHOLIC SCHOOL PURPOSE: GENERAL SUPPORT | $5,000 |
CHESAPEAKE BAY FD PURPOSE: GENERAL SUPPORT | $5,000 |