Dry Creek Foundation Inc
- Assets
- $30.2m
- Revenue
- $3.2m
- Investments
- $28.8m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 11/2018
- Data as of
- 12/2021
- EIN
- 82-3434244
Organization Overview
Dry Creek Foundation Inc is located in Pasadena, CA. The organization was established in 2018. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Dry Creek 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 12/2021, Dry Creek Foundation Inc generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (38.5%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Dry Creek Foundation Inc has awarded 24 individual grants totaling $7,031,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Knowles President, Chairman Of The Board | 4 | $0 | |
Margaret Mccarthy Vice President, Secretary | 1 | $0 | |
Jon Mellberg Treasurer | 1 | $0 | |
Namita Dalal Grants Administrator | 1 | $0 | |
Pegine Grayson Assistant Secretary | 1 | $0 | |
Diane Johnson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $132,229 |
| Dividends & Interest | $290,823 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $146,887 |
| Capital Gain Net Income | $146,887 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,639,957 |
| Total Revenue | $3,209,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70,615 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $145,951 |
| Total operating and administrative expenses | $446,610 |
| Contributions, gifts, grants paid | $1,710,500 |
| Total expenses and disbursements | $2,157,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,326,222 |
| 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 | $28,132 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,710,332 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,182,791 |
| 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 | $77,274 |
| Total liabilities | $77,274 |
Grants Awarded
Over the last fiscal year, Dry Creek Foundation Inc has awarded $1,827,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WILDLIFE CONSERVATION NETWORK PURPOSE: TO SUPPORT EXEMPT ORGANIZATIONS. | $1,575,000 |
CONSERVATION STRATEGY FUND PURPOSE: TO SUPPORT EXEMPT ORGANIZATIONS. | $67,500 |
AFRICAN LEADERSHIP FOUNDATION PURPOSE: TO SUPPORT EXEMPT ORGANIZATIONS. | $75,000 |
YELLOWSTONE FOREVER PURPOSE: TO SUPPORT EXEMPT ORGANIZATIONS. | $110,000 |