Douglas And Marianne Dickerson Foundation
- Assets
- $3.6m
- Revenue
- $142.4k
- Investments
- $3.3m
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 20-1577084
Organization Overview
Douglas And Marianne Dickerson Foundation is located in Virginia Beach, VA. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Douglas And Marianne Dickerson 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 12/2022, Douglas And Marianne Dickerson Foundation generated $142.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $248.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Douglas And Marianne Dickerson Foundation has awarded 173 individual grants totaling $1,795,838. 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 |
|---|---|---|---|
Douglas Dickerson Chairman/secretary | 10 | $0 | |
Marianne Dickerson Vice Chairman/president/tr | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,413 |
| Dividends & Interest | $72,815 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,127 |
| Capital Gain Net Income | $67,127 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $142,355 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,371 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85 |
| Total operating and administrative expenses | $24,411 |
| Contributions, gifts, grants paid | $224,000 |
| Total expenses and disbursements | $248,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,643 |
| 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 | $2,109 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,557,837 |
| Accounts payable and accrued expenses | $3,810 |
| 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 | $3,810 |
Grants Awarded
Over the last fiscal year, Douglas And Marianne Dickerson Foundation has awarded $224,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SEATED IN A BARN PURPOSE: TO SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $2,500 |
BACKPACK BEGINNINGS PURPOSE: TO SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $3,250 |
CATALYST SPORTS PURPOSE: TO SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $3,500 |
CHESAPEAKE BAY FOUNDATION PURPOSE: TO SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $5,000 |
CHRYSLER MUSEUM OF ART PURPOSE: TO SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $1,000 |
ACCESS COLLEGE FOUNDATION PURPOSE: TO PROVIDE STUDENTS, WHO MAY NOT HAVE THE OPPORTUNITY, THE PATH TO ATTEND AND COMPLETE COLLEGE | $5,000 |