Dorset Foundation Inc
- Assets
- $2.4m
- Revenue
- $270.7k
- Investments
- $2.4m
- Employees
- 0
- Location
- Sherman, TX
- Founding
- 10/1958
- Data as of
- 12/2023
- EIN
- 75-6013384
Organization Overview
Dorset Foundation Inc is located in Sherman, TX. The organization was established in 1958. 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. Dorset 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.
For the year ending 12/2023, Dorset Foundation Inc generated $270.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $407.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Dorset Foundation Inc has awarded 291 individual grants totaling $2,632,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS FOUNDATION DOES NOT PROVIDE FUNDS FOR ANY DIRECT CHARITABLE ACTIVITY, BUT RATHER CONTRIBUTES TO EXEMPT CHARITABLE ORGANIZATIONS FOR THEIR USE IN FURTHERANCE OF THEIR EXEMPT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Q Sanderson President | 0 | $0 | |
Judge Jim Fallon Vice President | 0 | $0 | |
Kay Ellen Kirby Secretary | 0 | $0 | |
Judge Jim Fallon Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,452 |
| Dividends & Interest | $218,403 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,045 |
| Capital Gain Net Income | $50,045 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $808 |
| Total Revenue | $270,708 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $395 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $45,655 |
| Contributions, gifts, grants paid | $362,000 |
| Total expenses and disbursements | $407,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,630 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,416,071 |
| 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, Dorset Foundation Inc has awarded $362,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN COLLEGE PURPOSE: TO ASSIST IN OPERATIONS | $10,000 |
BOYS AND GIRLS CLUB PURPOSE: TO ASSIST IN OPERATIONS | $20,000 |
CALLIE CLINIC PURPOSE: TO ASSIST IN OPERATIONS | $10,000 |
CASA OF GRAYSON COUNTY INC PURPOSE: TO ASSIST IN OPERATIONS | $25,000 |
CHILD AND FAMILY GUIDANCE CENTER PURPOSE: TO ASSIST IN OPERATIONS | $20,000 |
CHILDRENS ADVOCACY CENTER PURPOSE: TO ASSIST IN OPERATIONS | $15,000 |