The Damroth Foundation
- Assets
- $278.8k
- Revenue
- $25.3k
- Investments
- $276.5k
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 12/1968
- Data as of
- 12/2018
- EIN
- 23-7002431
Organization Overview
The Damroth Foundation is located in Asheville, NC. The organization was established in 1968. 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.
For the year ending 12/2018, Damroth Foundation generated $25.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 48.4% each year . All expenses for the organization totaled $23.0k during the year ending 12/2018. While expenses have increased by 0.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,297 |
| Total Revenue | $25,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $391 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,991 |
| Contributions, gifts, grants paid | $21,000 |
| Total expenses and disbursements | $22,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,324 |
| 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 | $276,500 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $278,824 |
| 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, The Damroth Foundation has awarded $21,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASHEVILLE PLANNED PARENTHOOD PURPOSE: PLANNED PARENTHOOD IS ONE OF THE NATION'S LEADING PROVIDERS OF HIGH-QUALITY, AFFORDABLE HEALTH CARE, AND THE NATION'S LARGEST PROVIDER OF SEX EDUCATION. | $6,000 |
AIR SERENBE PURPOSE: ARTIST IN RESIDENCE PROGRAM | $15,000 |