Dripping Springs Community Foundation
- Assets
- $1.3m
- Revenue
- $304.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Dripping Springs, TX
- Founding
- 09/2000
- Data as of
- 12/2023
- EIN
- 74-2913771
Organization Overview
Dripping Springs Community Foundation is located in Dripping Springs, TX. The organization was established in 2000. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Dripping Springs Community 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 12/2023, Dripping Springs Community Foundation generated $304.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $111.2k during the year ending 12/2023. While expenses have increased by 14.0% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A MEANS FOR GIVING FINANCIAL AID AND SUPPORT TO ORGANIZATIONS THAT SERVE THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DRIPPING SPRINGS COMMUNITY FOUNDATION SERVES AS THE FISCAL SPONSOR OF THE DS SKATE PARK INITIATIVE. AS SUCH, DONATIONS TO THE SKATE PARK ARE TAX DEDUCTIBLE UNDER THE UMBRELLA OF THE DSCF NON-PROFIT STATUS. IN TURN, DSCF ASSURES THAT EXPENDITURES ARE ALL RELATED TO MEETING THE GOAL OF BUILDING A SKATE PARK FOR THE BENEFIT OF THE COMMUNITY.
THE DRIPPING SPRINGS COMMUNITY FOUNDATION (DSCF) PROVIDES A CENTRALIZED RESOURCE FOR BOTH DONORS AND LOCAL NON-PROFIT ORGANIZATIONS BY ENCOURAGING AND FACILITATING PHILANTHROPIC GIFTS AND BY DELIVERING GRANTS, TRAINING, AND SUPPORT TO ORGANIZATIONS THAT PROVIDE NEEDED SERVICES TO THE RESIDENTS OF THE DRIPPING SPRINGS TEXAS AREA.
THE DRIPPING SPRINGS COMMUNITY FOUNDATION MAINTAINS THE GIRL SCOUTS SCHOLARSHIP FUND, EVANS ENDOWMENT FUND AND VARIOUS DONOR ADVISORED FUNDS AT AUSTIN COMMUNITY FOUNDATION (ACF), ANOTHER 501(C)(3)ORGANIZATION. DSCF STILL HAS ADMINISTRATIVE RIGHTS OVER THE FUNDS AND PAYS OUT SCHOLARSHIPS, GRANTS, AND OTHER EXPENSES BY REQUESTING ACF TO TRANSFER FUNDS BACK TO DSCF. DONATIONS TO ANY OF THE ACF HELD FUNDS ARE DEPOSITED BY DSCF AND THEN TRANSFERED TO ACF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Musgrove Past President | OfficerTrustee | 3 | $0 |
Janet Holland Treasurer | OfficerTrustee | 3 | $0 |
Laura Payne Director | Trustee | 1 | $0 |
Kathy Mixon Recording Secr. | OfficerTrustee | 2 | $0 |
Penny Johnson Director | Trustee | 2 | $0 |
Patrick Hyde Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $224,877 |
| Noncash contributions included in lines 1a–1f | $106,515 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,877 |
| Total Program Service Revenue | $0 |
| Investment income | $79,782 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,983 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,037 |
| Office expenses | $592 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $545 |
| All other expenses | -$1 |
| Total functional expenses | $111,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,643 |
| Savings and temporary cash investments | $727,143 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $551,709 |
| Total assets | $1,300,495 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $491,102 |
| Net assets with donor restrictions | $809,393 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,300,495 |
Grants Awarded
Over the last fiscal year, Dripping Springs Community Foundation has awarded $13,940 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE REFUGE FOR DMST PURPOSE: TO CONTINUE OUTREACH | $8,000 |
GRANTS TO NON PROFITS 5000 PURPOSE: TO CONTIUE MISSION | $5,940 |