Ernest G Debakey Charitable Foundation
- Assets
- $17.2m
- Revenue
- $1.4m
- Investments
- $16.6m
- Employees
- 0
- Location
- St Elmo, AL
- Founding
- 01/1998
- Data as of
- 12/2021
- EIN
- 72-1374786
Organization Overview
Ernest G Debakey Charitable Foundation is located in St Elmo, AL. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ernest G Debakey Charitable 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 12/2021, Ernest G Debakey Charitable Foundation generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ernest G Debakey Charitable Foundation has awarded 59 individual grants totaling $2,702,161. 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 |
|---|---|---|---|
Leigh Anne Fleming Pres/tre/dir | 5 | $68,458 | |
Jamie Tarziers Director/drug Ed Coordinator | 20 | $31,950 | |
Trustmark Trustee | 0.1 | $13,645 | |
Frank L Mcphillips MD Director | 0.1 | $3,000 | |
Mark Nix Director | 0.1 | $3,000 | |
Ft Boudreau III MD Director | 0.1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $332,867 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $802,082 |
| Capital Gain Net Income | $802,082 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $234,872 |
| Total Revenue | $1,369,821 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $129,053 |
| Other employee salaries and wages | $44,400 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,867 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,726 |
| Printing and publications | $0 |
| Other expenses | $73,503 |
| Total operating and administrative expenses | $424,816 |
| Contributions, gifts, grants paid | $698,209 |
| Total expenses and disbursements | $1,123,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,112 |
| Savings and temporary cash investments | $105,013 |
| 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 | $2,857,754 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,162,310 |
| 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, Ernest G Debakey Charitable Foundation has awarded $698,209 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
INFIRMARY FOUNDATION PURPOSE: COMMUNITY WELFARE | $204,200 |
UNIVERSITY OF SOUTH ALABAMA PURPOSE: EDUCATION | $160,000 |
TULANE UNIVERSITY PURPOSE: EDUCATION | $128,509 |
Mobile, AL PURPOSE: EDUCATION | $60,000 |
CHRISTIAN MEDICAL MINISTRY PURPOSE: COMMUNITY WELFARE | $48,000 |
PARKINSON ASSOCIATION OF ALABAMA PURPOSE: COMMUNITY WELFARE | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
Audrey And Martin Gruss Foundation West Palm Beach, FL | $0 | $7,573,459 |