Dig Deeper Foundation Inc
- Assets
- $5.9m
- Revenue
- $1.1m
- Investments
- $4.3m
- Employees
- 0
- Location
- Union, KY
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 47-2252398
Organization Overview
Dig Deeper Foundation Inc is located in Union, KY. The organization was established in 2019. 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. Dig Deeper 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 12/2022, Dig Deeper Foundation Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $240.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Dig Deeper Foundation Inc has awarded 40 individual grants totaling $457,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Newman President | 1 | $0 | |
Susan Newman Vice President | 1 | $0 | |
Justin Newman Treasurer | 1 | $0 | |
Meredith Newman Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $10,710 |
| Dividends & Interest | $111,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,745 |
| Capital Gain Net Income | $18,745 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,141,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,350 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,486 |
| Contributions, gifts, grants paid | $220,000 |
| Total expenses and disbursements | $240,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,522,592 |
| 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 | $5,857,434 |
| 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, Dig Deeper Foundation Inc has awarded $220,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT 5-2 MINISTRY PURPOSE: GENERAL CONTRIBUTION | $50,000 |
WE ARE THE RIPPLE PURPOSE: GENERAL CONTRIBUTION | $30,000 |
THE BILL & BETSY SCHEBEN CARE CENTER PURPOSE: GENERAL CONTRIBUTION | $5,000 |
FIRST CHURCH OF CHRIST PURPOSE: GENERAL CONTRIBUTION | $5,000 |
IEDA FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $25,000 |
LAKE BUFFUM BAPTIST CHURCH GOD'S HANDS FARM PURPOSE: GENERAL CONTRIBUTION | $25,000 |