Darton Health Professions Foundation Inc
- Assets
- $6.3m
- Revenue
- $298.7k
- Investments
- $5.0m
- Employees
- 0
- Location
- Albany, GA
- Founding
- 04/1976
- Data as of
- 06/2021
- EIN
- 23-7320363
Organization Overview
Darton Health Professions Foundation Inc is located in Albany, GA. The organization was established in 1976. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Darton Health Professions Foundation Inc 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 06/2021, Darton Health Professions Foundation Inc generated $298.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $170.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (16.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS FOR CHARITABLE, EDUCATIONAL, LITERACY AND SCIENTIFIC PURPOSES TO ENDEAVOR TO PROMOTE IN VARIOUS WAYS THE CAUSE OF HIGHER EDUCATION, TO EXPAND EDUCATIONAL OPPORTUNITIES, TO ACQUIRE AND ADMINISTER FUNDS, WHICH AFTER PAYMENT OF ALL NECESSARY EXPENSES SHALL BE DEVOTED TO SUCH OBJECTS AND PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROCEEDS FROM THE CONTRIBUTIONS GO TO HELPING STUDENTS THROUGH THE GIVING OF SCHOLARSHIPS, COLLEGE PROMOTIONAL ACTIVITIES, AND TO FACULTY AND STAFF TO HELP PROMOTE AND ENCOURAGE A POSITIVE LEARNING ENVIRONMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Ashberry Board Member - Emeritus | 1 | $0 | |
Bob Evans Board Member | 1 | $0 | |
Jeanette Hoopes Board Member | 1 | $0 | |
Tina Harden Board Member | 1 | $0 | |
Jo Elliott Jones Board Member | 1 | $0 | |
Edward Newsome Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $91,070 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,503 |
| Net Rental Income | $24,000 |
| Net Gain on Sale of Assets | $131,116 |
| Capital Gain Net Income | $131,116 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $298,689 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $23,004 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,760 |
| Depreciation | $5,319 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,344 |
| Total operating and administrative expenses | $112,566 |
| Contributions, gifts, grants paid | $57,504 |
| Total expenses and disbursements | $170,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $569,987 |
| Savings and temporary cash investments | $326,686 |
| 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 | $5,036,456 |
| Net Land, buildings, and equipment | $396,657 |
| Other assets | $0 |
| Total assets | $6,329,786 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,000 |
Grants Awarded
Over the last fiscal year, Darton Health Professions Foundation Inc has awarded $57,504 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE FOUNDATION AWARDED THIRTY-SIX S PURPOSE: ASU SCHOLARSHIPS AND PROGRAM SUPPORT | $46,809 |
ALBANY STATE UNIVERSITY PURPOSE: EQUIPMENT AND FACULTY SUPPORT | $10,695 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Darton Health Professions Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $20,000 |
Endowment Analysis
| Beg. Balance | $1,359,176 |
| Earnings | $408,682 |
| Ending Balance | $1,767,858 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
University Of South Carolina Educational Foundation Columbia, SC | $607,523,681 | $89,201,263 |
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |