Arthur S Demoss Foundation
- Assets
- $46.4m
- Revenue
- $3.4m
- Investments
- $32.5m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 03/1959
- Data as of
- 12/2022
- EIN
- 23-6404136
Organization Overview
Arthur S Demoss Foundation is located in West Palm Beach, FL. The organization was established in 1959. 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. Arthur S Demoss 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, Arthur S Demoss Foundation generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.6%) each year. All expenses for the organization totaled $8.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Arthur S Demoss Foundation has awarded 24 individual grants totaling $15,591,218. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
LITERATURE FOR LITTLE ONES: THE PURPOSE OF THE PROJECT IS TO GIVE YOUTH AND CHILDREN AN OPPORTUNITY TO LEARN ABOUT GOD. BIBLES AND OTHER LITERATURE ARE DISTRIBUTED FREE OF CHARGE TO YOUTH AND CHILDREN AT RISK IN SCHOOLS AND THROUGH GRASSROOTS PROGRAMS IN DEVELOPING NATIONS. GRANT REQUESTS ARE NOT ACCEPTED FOR THIS INITIATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Demoss Chairman Of Board & Treas. | 20 | $75,000 | |
Charlotte Demoss Secretary & Assistant Trea | 40 | $193,282 | |
Elisabeth Demoss Assistant Secretary | 40 | $161,461 | |
Haydee Marin Project Coordinator | 40 | $104,175 | |
Steven Koleszar Administrative Assis | 40 | $64,740 | |
Carmen Ochoa Project Coordinator | 40 | $72,410 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ingalls & Snyder Llc | 12/30/22 | $363,555 |
Yount Hyde & Barbour Pc | 12/30/22 | $105,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,338 |
| Dividends & Interest | $1,062,505 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,300,811 |
| Capital Gain Net Income | $2,300,811 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,390,654 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $429,743 |
| Other employee salaries and wages | $285,432 |
| Pension plans, employee benefits | $247,529 |
| Interest | $0 |
| Taxes | $26,746 |
| Depreciation | $3,929 |
| Occupancy | $133,037 |
| Travel, conferences, and meetings | $14,072 |
| Printing and publications | $585 |
| Other expenses | $404,696 |
| Total operating and administrative expenses | $2,039,910 |
| Contributions, gifts, grants paid | $6,572,557 |
| Total expenses and disbursements | $8,612,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,057,571 |
| 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 | $5,296,047 |
| Net Land, buildings, and equipment | $6,890,196 |
| Other assets | $1,230 |
| Total assets | $46,433,056 |
| 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 | $9,164 |
| Total liabilities | $9,164 |
Grants Awarded
Over the last fiscal year, Arthur S Demoss Foundation has awarded $6,572,557 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CRU PURPOSE: GENERAL SUPPORT | $18,642 |
HALO PURPOSE: GENERAL SUPPORT | $37,500 |
LITERATURE FOR LITTLE ONES PURPOSE: LITERATURE DISTRIBUTION AND GENERAL SUPPORT | $4,235,665 |
STRONG TOWER FAMILY MINISTRIES INC PURPOSE: GENERAL SUPPORT | $5,000 |
SCRIPTURE UNION - UGANDA PURPOSE: GENERAL SUPPORT | $14,000 |
LOGOSDOR PURPOSE: GENERAL SUPPORT | $571,400 |