Douglas C Beaton Family Foundation
- Assets
- $2.6m
- Revenue
- $147.2k
- Investments
- $2.6m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 27-1039100
Organization Overview
Douglas C Beaton Family Foundation is located in New Orleans, LA. The organization was established in 2011. 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. Douglas C Beaton 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 12/2021, Douglas C Beaton Family Foundation generated $147.2k in total revenue. All expenses for the organization totaled $179.8k during the year ending 12/2021. While expenses have increased by 13.5% per year over the past 6 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 2015, Douglas C Beaton Family Foundation has awarded 149 individual grants totaling $602,500. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADE 30 CHARITABLE CONTRIBUTIONS TO 30 501C TAX EXEMPT ORGANIZATIONS
ANNUAL MEETING TO DETERMINE CHARITABLE CONTRIBUTIONS AND DIRECTION FOR THE FUTURE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Folse Director | 6 | $15,000 | |
Kathleen Folse Director | 1 | $6,000 | |
Katherine M Folse Director | 2 | $6,000 | |
Michael Folse Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,587 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,991 |
| Capital Gain Net Income | $79,991 |
| Net ST Capital Gain | $60,691 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,599 |
| Total Revenue | $147,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $196 |
| Taxes | $1,274 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,655 |
| Printing and publications | $0 |
| Other expenses | $8,661 |
| Total operating and administrative expenses | $43,286 |
| Contributions, gifts, grants paid | $136,500 |
| Total expenses and disbursements | $179,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,673 |
| 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 | $2,560,651 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,576,324 |
| 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, Douglas C Beaton Family Foundation has awarded $136,500 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: PROVIDE WATER & SANITATION SERVICES UN RURAL INDIA | $18,000 |
WOMENS NEW LIFE CENTER PURPOSE: CHARITABLE-AID FOR POOR AND PREGNANT WOMEN | $9,000 |
DOCTORS WITHOUT BORDERS PURPOSE: CHARITY-MEDICAL CARE FOR POOR IN FOREIGN COUNTRIES | $8,000 |
CATHOLIC RELIEF SERVICE PURPOSE: CHARITABLE-AID TO POOR IN FOREIGN COUNTRIES | $8,000 |
ENERGIZE THE CHAIN PURPOSE: VACCINE DISTRIBUTION TO POOR IN FOREIGN COUNTRIES | $8,000 |
ENGINEERS WITHOUT BORDERS PURPOSE: CHARITABLE-SANITATION PROJECTS IN FOREIGN COUNTRIE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |