Discovery Foundation
- Assets
- $10.4m
- Revenue
- $1.1m
- Investments
- $9.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/1996
- Data as of
- 12/2021
- EIN
- 75-2625743
Organization Overview
Discovery Foundation is located in Dallas, TX. The organization was established in 1996. 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. Discovery 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, Discovery Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $800.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Discovery Foundation has awarded 108 individual grants totaling $4,826,740. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isabelle Moro Secretary | 40 | $72,800 | |
Dr David Winter President/ceo/chairman/director | 5 | $0 | |
Clint Josey Vice President/director | 1 | $0 | |
Dr Cristie Columbus Vice President/director | 1 | $0 | |
Dr Paul Neubach Vice President/director | 1 | $0 | |
Dr Amy Anderson Treasurer/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $218,403 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $693,669 |
| Capital Gain Net Income | $693,669 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $225,320 |
| Total Revenue | $1,137,393 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,800 |
| Other employee salaries and wages | $52,805 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,369 |
| Depreciation | $1,744 |
| Occupancy | $16,700 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,507 |
| Total operating and administrative expenses | $282,175 |
| Contributions, gifts, grants paid | $518,464 |
| Total expenses and disbursements | $800,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $835,671 |
| 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 | $658 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $458,853 |
| Net Land, buildings, and equipment | $2,615 |
| Other assets | $0 |
| Total assets | $10,416,156 |
| 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 | $241,998 |
| Total liabilities | $241,998 |
Grants Awarded
Over the last fiscal year, Discovery Foundation has awarded $518,464 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Irving, TX PURPOSE: FUNDING | $95,017 |
NEW FRIENDS NEW LIFE PURPOSE: FUNDING | $69,231 |
Dallas, TX PURPOSE: FUNDING | $62,500 |
Sherman, TX PURPOSE: FUNDING | $45,286 |
Waco, TX PURPOSE: FUNDING | $45,000 |
Sherman, TX PURPOSE: FUNDING | $30,753 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |