Earnest And Dorthy Barrow Foundation
- Assets
- $6.6m
- Revenue
- $316.9k
- Investments
- $5.3m
- Employees
- 0
- Location
- San Angelo, TX
- Founding
- 08/1977
- Data as of
- 11/2023
- EIN
- 75-1550896
Organization Overview
Earnest And Dorthy Barrow Foundation is located in San Angelo, TX. The organization was established in 1977. 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. Earnest And Dorthy Barrow 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 11/2023, Earnest And Dorthy Barrow Foundation generated $316.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $434.5k during the year ending 11/2023. While expenses have increased by 5.0% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF THE EARNEST AND DOROTHY BARROW FOUNDATION MUSEUM IN EOLA, TEXAS. THE MUSEUM WAS FOUNDED TO DISPLAY EARNEST & DOROTHY BARROW'S EXTENSIVE COLLECTION OF MEMORABILIA FROM THE EARLY DAYS OF THE CONCHO VALLEY.
SCHOLARSHIPS FOR COLLEGE STUDENTS PURSUING A DEGREE IN AGRICULTURE OR HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Wilde President | 0 | $0 | |
Brad Haralson Secretary | 0 | $0 | |
Don Piwonka Director | 0 | $0 | |
Mike Salisbury Director | 0 | $0 | |
Jeremy Vincent Director | 0 | $0 | |
Steven Freatman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $140,506 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,300 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $183,669 |
| Total Revenue | $316,875 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $53,534 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,430 |
| Depreciation | $389 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $143,175 |
| Total operating and administrative expenses | $234,473 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $434,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,976 |
| Savings and temporary cash investments | $0 |
| 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 | $5,306,306 |
| Net Land, buildings, and equipment | $48,308 |
| Other assets | $898,428 |
| Total assets | $6,620,018 |
| 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 | $162 |
| Total liabilities | $162 |
Grants Awarded
Over the last fiscal year, Earnest And Dorthy Barrow Foundation has awarded $30,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAN ANGELO MUSEUM OF FINE ARTS PURPOSE: DONATION | $700 |
ANGELO STATE UNIVERSITY FOUNDATION INC PURPOSE: DONATION | $30,000 |