Randolph J & Estelle M Dorn Foundation
- Assets
- $26.6m
- Revenue
- $3.7m
- Investments
- $26.5m
- Employees
- 0
- Location
- Sandusky, OH
- Founding
- 06/1971
- Data as of
- 04/2022
- EIN
- 23-7099592
Organization Overview
Randolph J & Estelle M Dorn Foundation is located in Sandusky, OH. The organization was established in 1971. 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. Randolph J & Estelle M Dorn 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 04/2022, Randolph J & Estelle M Dorn Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $1.6m during the year ending 04/2022. While expenses have increased by 1.5% per year over the past 3 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.
Since 2021, Randolph J & Estelle M Dorn Foundation has awarded 32 individual grants totaling $1,989,750. 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:
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Jane Hill Pres/sec/trustee | 0.5 | $0 | |
Bobbie J Hummel Treas/trustee | 0.5 | $2,600 | |
John O Bacon Trustee | 0.25 | $2,850 | |
Roger Gundlach Trustee | 0.25 | $2,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $705,035 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,983,009 |
| Capital Gain Net Income | $2,983,010 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,688,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,050 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,875 |
| Total operating and administrative expenses | $236,492 |
| Contributions, gifts, grants paid | $1,315,144 |
| Total expenses and disbursements | $1,551,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,727 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,570,841 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $595,000 |
| 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 | $595,000 |
Grants Awarded
Over the last fiscal year, Randolph J & Estelle M Dorn Foundation has awarded $782,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND MUSEUM OF NAT HISTORY PURPOSE: TRANSFORMATIONPROJECT | $20,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: WALK TO ENDALZHEIMER'S SPONSORSHIP | $2,500 |
ERIE CTY ECON DEV CORP CHARITABLE FD PURPOSE: OPERATING | $25,000 |
ERIE CTY ECON DEV CORP CHARITABLE FD PURPOSE: RISE | $30,000 |
ERIE METROPARKS PURPOSE: CAPITAL CAMPAIGN FOR BUILDING AND NATURE CENTER | $25,000 |
FIRELANDS SYMPHONY ORCHESTRA PURPOSE: OPERATING | $165,000 |