Douglas-Hart Foundation
- Assets
- $5.1m
- Revenue
- $801.0k
- Investments
- $2.0m
- Employees
- 0
- Location
- Mattoon, IL
- Founding
- 10/1964
- Data as of
- 03/2024
- EIN
- 37-0840618
Organization Overview
Douglas-Hart Foundation is located in Mattoon, IL. The organization was established in 1964. 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-Hart 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 03/2024, Douglas-Hart Foundation generated $801.0k 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 (9.8%) each year. All expenses for the organization totaled $884.1k during the year ending 03/2024. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT ATTACHED BEHIND PAGE 13 OF FORM 990-PF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Arnholt Treasurer | 2 | $0 | |
Shonn Hild President | 2 | $0 | |
Gary Boske Vice Preside | 2 | $0 | |
Laura Zuhone Secretary | 2 | $0 | |
Gail Lowry Director | 1 | $0 | |
Dakota Radford Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $129,074 |
| Interest on Savings | $13,217 |
| Dividends & Interest | $195,457 |
| Net Rental Income | $157,679 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $848 |
| Other Income | $117,111 |
| Total Revenue | $800,970 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $67,463 |
| Other employee salaries and wages | $304,714 |
| Pension plans, employee benefits | $70,761 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $64,020 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $366,706 |
| Total operating and administrative expenses | $884,064 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $884,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,485 |
| Savings and temporary cash investments | $278,340 |
| 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 | $2,197 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $1,658,732 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,519,105 |
| Net Land, buildings, and equipment | $1,059,921 |
| Other assets | $14,470 |
| Total assets | $5,051,525 |
| Accounts payable and accrued expenses | $3,632 |
| 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 | $3,632 |