Dorothy Gaines Foundation
- Assets
- $1.5m
- Revenue
- $66.3k
- Investments
- $1.4m
- Employees
- 0
- Location
- Hillsboro, TX
- Founding
- 05/2005
- Data as of
- 12/2022
- EIN
- 20-1858697
Organization Overview
Dorothy Gaines Foundation is located in Hillsboro, TX. The organization was established in 2005. 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. Dorothy Gaines 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, Dorothy Gaines Foundation generated $66.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $104.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Dorothy Gaines Foundation has awarded 63 individual grants totaling $418,893. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE QUALITY OF LIFE IN HILL AND TARRANT COUNTIES, TEXAS, THROUGH GRANTS TO SECTION 501 (C) (3) CHARITABLE ORGANIZATIONS. FOR 2022 GRANTS WERE AWARDED TO 10 CHARITABLE ORGANIZATIONS WITH NO ONE RECEIVING MORE THAN $10,000. TOTAL AWARDS WERE $78,510.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Curtis-Hornsby Director | 1 | $1,279 | |
Michelle Curtis Wade Treasurer | 1 | $1,050 | |
Ronell Wade Director | 1 | $1,050 | |
Stephen N Smith Secretary | 1 | $1,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $155 |
| Dividends & Interest | $45,846 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,204 |
| Capital Gain Net Income | $20,204 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $77 |
| Total Revenue | $66,282 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,429 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,476 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,128 |
| Total operating and administrative expenses | $25,866 |
| Contributions, gifts, grants paid | $78,510 |
| Total expenses and disbursements | $104,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,408 |
| Savings and temporary cash investments | $6,628 |
| Net Accounts receivable | $1,144 |
| 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 | $2,239 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,439,894 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,464,313 |
| 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, Dorothy Gaines Foundation has awarded $78,510 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY OF HILL COUNTY PURPOSE: COMMUNITY IMPROVEMENT/ OUTREACH | $10,000 |
HILL COUNTY PAW PALS PURPOSE: HUMANE TREATMENT TO ANIMALS | $2,000 |
LAKE WHITNEY MINISTERIAL ALLIANCE PURPOSE: SHELVING FOR BACKPACK PROGRAM | $5,810 |
SAFE HAVEN OF TARRANT COUNTY PURPOSE: EDUCATE-PREVENT ABUSE. REPLACE 2 HOT WATER HEATERS IN FT WORTH EMERGENCY DV SHELTER | $9,000 |
HILL COUNTY KIDS PURPOSE: FOOD FOR CHILDREN | $10,000 |
CUB SCOUTS OF AMERICA HILLSBORO PURPOSE: REPLACE AIR CONDITIONER AT SCOUT HUT | $6,500 |