Samuel Ernest Douglass Jr Foundation
- Assets
- $348.4k
- Revenue
- $30.6k
- Investments
- $298.6k
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 56-2059723
Organization Overview
Samuel Ernest Douglass Jr Foundation is located in Wilmington, NC. 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. Samuel Ernest Douglass Jr 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 12/2022, Samuel Ernest Douglass Jr Foundation generated $30.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $39.4k during the year ending 12/2022. While expenses have increased by 7.7% per year over the past 7 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, Samuel Ernest Douglass Jr Foundation has awarded 69 individual grants totaling $164,130. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISBURSED MONIES TO SEVENTEEN DIFFERENT CHARITABLENON-PROFIT ORGANIZATIONS FOR GENERAL SUPPORT SEE PART XIV LINE 3A FOR DETAILS AND AMOUNTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katharine D Hesmer Prs/tr/dir | 0 | $0 | |
Ronald G Hesmer Vp/sec/dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $75 |
| Dividends & Interest | $14,955 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,569 |
| Capital Gain Net Income | $15,569 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,599 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $500 |
| Contributions, gifts, grants paid | $38,888 |
| Total expenses and disbursements | $39,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,812 |
| 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 | $348,386 |
| 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, Samuel Ernest Douglass Jr Foundation has awarded $38,888 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
DOMESTIC VIOLENCE SHELTER SERVICE PURPOSE: GENERAL SUPPORT | $2,500 |
NEW HANOVER COUNTY HUMANE SOCIETY PURPOSE: GENERAL SUPPORT | $2,500 |
MEALS ON WHEELS COUNCIL INC PURPOSE: GENERAL SUPPORT | $2,500 |
BAHAMAS NATIONAL TRUST FUND INC PURPOSE: GENERAL SUPPORT | $1,000 |
HUMAN RIGHTS CAMPAIGN PURPOSE: GENERAL SUPPORT | $2,625 |
WORLD CENTRAL KITCHEN PURPOSE: GENERAL SUPPORT | $2,625 |