Mary Louise Dobson Foundation
- Assets
- $16.3m
- Revenue
- $2.0m
- Investments
- $14.4m
- Employees
- 0
- Location
- Wharton, TX
- Founding
- 10/2001
- Data as of
- 12/2021
- EIN
- 76-0690889
Organization Overview
Mary Louise Dobson Foundation is located in Wharton, TX. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mary Louise Dobson 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, Mary Louise Dobson Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.9% each year . All expenses for the organization totaled $973.9k during the year ending 12/2021. While expenses have increased by 13.2% per year over the past 7 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.
Since 2015, Mary Louise Dobson Foundation has awarded 97 individual grants totaling $4,078,343. 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.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abby King Executive Di | 35 | $90,000 | |
Dwight D King Director | 1 | $0 | |
Jimmy Schulze President | 1 | $0 | |
Ron Sanders Director | 1 | $0 | |
Jane Dobson Rice Vice Preside | 1 | $0 | |
Billie Jones Sec/treasure | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $68,653 |
| Dividends & Interest | $351,270 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $590,253 |
| Capital Gain Net Income | $83,979 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,317 |
| Total Revenue | $2,024,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,345 |
| Depreciation | $0 |
| Occupancy | $11,220 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,787 |
| Total operating and administrative expenses | $262,475 |
| Contributions, gifts, grants paid | $711,403 |
| Total expenses and disbursements | $973,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,236,779 |
| 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 | $677,595 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,892,019 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,310,991 |
| 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, Mary Louise Dobson Foundation has awarded $696,491 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF GREATER HOUSTO PURPOSE: OPERATING EXPENSE/RENOVATIONS | $375,000 |
Richmond, TX PURPOSE: CLINIC CONVERSION | $100,000 |
BOYS & GIRLS CLUB PURPOSE: OPERATIONAL EXPENSES | $50,000 |
Bay City, TX PURPOSE: PURCHASE OF EQUIPMENT | $37,000 |
WHARTON ISD PURPOSE: ASSIST IN FUNDING THE COMM SCHOOLS | $36,000 |
Wharton, TX PURPOSE: SALARY OF EXEC DIRECTOR | $21,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |