Jerry C Dearing Family Foundation
- Assets
- $48.8m
- Revenue
- $3.4m
- Investments
- $46.9m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2009
- Data as of
- 12/2023
- EIN
- 27-0454228
Organization Overview
Jerry C Dearing Family Foundation is located in Houston, TX. The organization was established in 2009. 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. Jerry C Dearing Family 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 12/2023, Jerry C Dearing Family Foundation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 10.9% per year over the past 8 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 2016, Jerry C Dearing Family Foundation has awarded 241 individual grants totaling $19,272,158. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITY. NO OTHERORGANIZATION OR BENEFICIARIES ARE SERVED. THERE ARE NOOTHER ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Dearing President/treasurer | 5 | $0 | |
Kate Fowler Vice President | 20 | $27,761 | |
Kristin Dearing Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,499,076 |
| Interest on Savings | $175,893 |
| Dividends & Interest | $1,068,302 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $677,408 |
| Capital Gain Net Income | $677,408 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,420,679 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,761 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,148 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,505 |
| Printing and publications | $0 |
| Other expenses | $9,505 |
| Total operating and administrative expenses | $188,448 |
| Contributions, gifts, grants paid | $2,425,781 |
| Total expenses and disbursements | $2,614,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,899,387 |
| 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 | $48,827,101 |
| 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, Jerry C Dearing Family Foundation has awarded $2,425,781 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGE YEAR PURPOSE: GENERAL SUPPORT | $101,023 |
COMP-U-DOPT PURPOSE: GENERAL SUPPORT | $75,000 |
COVENANT HOUSE TEXAS PURPOSE: GENERAL SUPPORT | $20,000 |
CAMP BLESSINGS PURPOSE: GENERAL SUPPORT | $50,000 |
DRESS FOR SUCCESS PURPOSE: GENERAL SUPPORT | $250,000 |
DISCOVER U PURPOSE: GENERAL SUPPORT | $90,000 |