Dorcas Foundation
- Assets
- $4.7m
- Revenue
- $229.0k
- Investments
- $2.1m
- Employees
- 0
- Location
- Advance, NC
- Founding
- 09/2001
- Data as of
- 12/2022
- EIN
- 56-2232813
Organization Overview
Dorcas Foundation is located in Advance, NC. The organization was established in 2001. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dorcas 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, Dorcas Foundation generated $229.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 60.3% each year . All expenses for the organization totaled $282.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Dorcas Foundation has awarded 13 individual grants totaling $365,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT TO ENERGIZE MINISTRIES, INC. AND OTHER LOCAL MINISTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Owens Director | 0 | $0 | |
Joel Boyles Director | 0 | $0 | |
Kim Riley Beauchamp President | 0 | $0 | |
David W Owens Sr Secretary | 0 | $0 | |
Kimberly R Beauchamp Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16 |
| Interest on Savings | $9,974 |
| Dividends & Interest | $48,114 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $170,676 |
| Capital Gain Net Income | $170,676 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $173 |
| Total Revenue | $228,953 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,373 |
| Depreciation | $0 |
| Occupancy | $3,626 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,290 |
| Total operating and administrative expenses | $34,943 |
| Contributions, gifts, grants paid | $248,000 |
| Total expenses and disbursements | $282,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,457 |
| Savings and temporary cash investments | $660,000 |
| 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 | $960,000 |
| 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 | $511,012 |
| Other assets | $0 |
| Total assets | $4,664,993 |
| 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 | $187,500 |
| Other liabilities | $0 |
| Total liabilities | $187,500 |
Grants Awarded
Over the last fiscal year, Dorcas Foundation has awarded $248,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ENERGIZE MINISTRIES PURPOSE: PASTORAL SUPPORT AND RESTORATION | $240,000 |
DAVIE PREGNANCY CARE CENTER PURPOSE: SUPPORT | $2,000 |
FORSYTH JAIL & PRISON MINISTRIES PURPOSE: SUPPORT | $2,000 |
SALEM OUTREACH NETWORK PURPOSE: SUPPORT | $2,000 |
WINSTON-SALEM RESCUE MISSION PURPOSE: SUPPORT | $2,000 |