Dougherty Foundation Inc
- Assets
- $6.2m
- Revenue
- $1.1m
- Investments
- $6.0m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 09/1959
- Data as of
- 12/2021
- EIN
- 86-6051637
Organization Overview
Dougherty Foundation Inc is located in Phoenix, AZ. The organization was established in 1959. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dougherty 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, Dougherty Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $481.0k during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 6 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, Dougherty Foundation Inc has awarded 960 individual grants totaling $1,463,301. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ORGANIZED FOR AND ITS MAIN PURPOSE IS TO PROVIDE LOANS AND SCHOLARSHIP GRANTS TO NEEDY AND QUALIFIED STUDENTS IN ARIZONA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Harper Executive Director | 40 | $81,000 | |
Janita Gordon Vice President | 1 | $4,500 | |
Mary Eden Treasurer | 1 | $4,500 | |
Edwin Knight President | 1 | $4,250 | |
Vince Yanez Vice President | 1 | $3,750 | |
Judy Schumacher Vice President | 1 | $3,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,083 |
| Interest on Savings | $0 |
| Dividends & Interest | $941,233 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,592 |
| Capital Gain Net Income | $110,592 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,759 |
| Total Revenue | $1,114,667 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $106,205 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,557 |
| Depreciation | $678 |
| Occupancy | $11,081 |
| Travel, conferences, and meetings | $440 |
| Printing and publications | $0 |
| Other expenses | $17,659 |
| Total operating and administrative expenses | $167,845 |
| Contributions, gifts, grants paid | $313,150 |
| Total expenses and disbursements | $480,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,927 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,966,629 |
| Net Land, buildings, and equipment | $1,510 |
| Other assets | $0 |
| Total assets | $6,206,066 |
| Accounts payable and accrued expenses | $10,396 |
| Grants payable | $0 |
| Deferred revenue | $5,131 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,527 |
Grants Awarded
Over the last fiscal year, Dougherty Foundation Inc has awarded $313,150 in support to 225 organizations.
| Grant Recipient | Amount |
|---|---|
ERUBIEL ALVAREZ PURPOSE: SCHOLARSHIPS | $5,000 |
ARIANNA SILVA PURPOSE: SCHOLARSHIPS | $5,000 |
MICHELLE HERNANDEZ PURPOSE: SCHOLARSHIPS | $5,000 |
XIMENA OSORIO PURPOSE: SCHOLARSHIPS | $5,000 |
SOUTH MOUNTAIN COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $5,000 |
MELISSA GONZALEZ PURPOSE: SCHOLARSHIPS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dougherty Foundation Inc has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
Partnership With Native Americans Addison, TX PURPOSE: SCHOLARSHIP MATCHING GRANT | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |