Harriet & Jerry Demsey Family Foundation
- Assets
- $5.8m
- Revenue
- $350.1k
- Investments
- $5.7m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/1998
- Data as of
- 04/2024
- EIN
- 36-7190047
Organization Overview
Harriet & Jerry Demsey Family Foundation is located in Dallas, TX. The organization was established in 1998. 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. Harriet & Jerry Demsey 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 04/2024, Harriet & Jerry Demsey Family Foundation generated $350.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (39.1%) each year. All expenses for the organization totaled $362.2k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Harriet & Jerry Demsey Family Foundation has awarded 169 individual grants totaling $1,237,496. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America Trustee | 1 | $41,572 | |
Jerri D Hebdon Advisory Committee | 0 | $0 | |
Rebecca D Cooledge Advisory Committee | 0 | $0 | |
Margaret Christensen Advisory Committee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $159,560 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $190,559 |
| Capital Gain Net Income | $190,559 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $350,119 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,572 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,302 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $57,740 |
| Contributions, gifts, grants paid | $304,500 |
| Total expenses and disbursements | $362,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $119,476 |
| 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 | $5,820,003 |
| 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, Harriet & Jerry Demsey Family Foundation has awarded $304,500 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
MT ZION BAPTIST CHURCH PURPOSE: UNRESTRICTED GENERAL | $1,000 |
NATIONS ARISE MINISTRIES PURPOSE: UNRESTRICTED GENERAL | $10,000 |
ISRAEL RED CROSS PURPOSE: UNRESTRICTED GENERAL | $10,000 |
NORTHPOINT MINISTRIES PURPOSE: UNRESTRICTED GENERAL | $5,000 |
ALPHA WOMEN'S CTR OF BARRY CT PURPOSE: UNRESTRICTED GENERAL | $3,000 |
RICHARD J CARON FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $10,000 |