M S Doss Foundation Inc
- Assets
- $73.4m
- Revenue
- -$8.8m
- Investments
- $66.9m
- Employees
- 0
- Location
- Seminole, TX
- Founding
- 07/1984
- Data as of
- 12/2023
- EIN
- 75-1945227
Organization Overview
M S Doss Foundation Inc is located in Seminole, TX. The organization was established in 1984. 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. M S Doss Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPEL - THE CHAPEL IS OPEN DAILY FOR THE BENEFIT OF THE PEOPLE OF GAINES COUNTY, TEXAS. IT IS OPEN FOR SERVICES OF COMMUNITY CONCERTS, CHURCH SEMINARS, CHOIR PROGRAMS, FUNERALS, WEDDINGS, AND CHRISTMAS PROGRAMS. NO POLITICAL MEETINGS OR POLITICAL RELATED ACTIVITIES ARE PERMITTED. AN ESTIMATE OF APPROXIMATELY 898 PEOPLE USED THIS FACILITY DURING 2023. THERE WAS NO INCOME IN 2023 FOR THE USE OF THIS FACILITY. INDIRECT ADMINISTRATIVE EXPENSES 37,667.
SCHOLARSHIPS - THE FOUNDATION FUNDS SCHOLARSHIPS TO CERTAIN NEEDY STUDENTS. ALL GUIDELINES ARE MET AS SET FORTH IN THE APPLICATION AS WELL AS THE IRS DETERMINATION LETTER (COPY ATTACHED). THERE WERE 8 STUDENTS THAT RECEIVED SCHOLARSHIP FUNDS. THESE GRANTS WERE FUNDED DIRECTLY TO THE COLLEGES AND UNIVERSITIES. INDIRECT ADMINISTRATIVE EXPENSES 35,022.
SCOUT CENTER - THE FOUNDATION FURNISHES FACILITIES OF A BUILDING WITH MEETING PLACES FOR BOY SCOUT AND GIRL SCOUT TROOPS OF SEMINOLE, TEXAS WITH A LARGE STORAGE TO HOUSE SCOUTING EQUIPMENT. THERE ARE APPROXIMATELY 35 SCOUTS IN THE SCOUT PROGRAM. INDIRECT ADMINISTRATIVE EXPENSES 24,998.
DOSS MUSEUM - A MUSEUM HOUSING THE M.S. DOSS FOUNDATION COLLECTIONS OF CRUETS, STEINS, SILVER SPOONS AND VARIOUS RANCH ITEMS. THE WOMEN'S CLUB OF SEMINOLE (A 501(C)(3) ORGANIZATION) MEETS, OVERSEES, AND HOSTS VISITORS THROUGH THE MUSEUM FOR PUBLIC VIEWING AND ENJOYMENT OF THE COLLECTIONS. APPROXIMATELY 120 PEOPLE TOUR THIS FACILITY ANNUALLY. INDIRECT ADMINISTRATIVE EXPENSES 24,998.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeannie Marrow Pres/bd Chai | 30 | $98,795 | |
Julia Narvarte Romanow Secretary | 1 | $20,000 | |
Karla Morton Vice Pres | 1 | $20,000 | |
Sidney R Beal Treasurer | 1 | $20,000 | |
Blake Johnston Trustee | 1 | $20,000 | |
Lori Bagwell Grants Mgr | 29.5 | $92,549 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,047,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,168,016 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,302,798 |
| Total Revenue | -$8,817,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $178,795 |
| Other employee salaries and wages | $261,958 |
| Pension plans, employee benefits | $33,024 |
| Interest | $0 |
| Taxes | $303,673 |
| Depreciation | $77,173 |
| Occupancy | $2,624 |
| Travel, conferences, and meetings | $1,500 |
| Printing and publications | $3,673 |
| Other expenses | $215,772 |
| Total operating and administrative expenses | $1,301,156 |
| Contributions, gifts, grants paid | $5,012,760 |
| Total expenses and disbursements | $6,313,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $5,732,496 |
| 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 | $107,483 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $702,823 |
| Other assets | $0 |
| Total assets | $73,436,897 |
| 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 |