The Doyle Foundation Inc
- Assets
- $60.0m
- Revenue
- $3.5m
- Investments
- $40.6m
- Employees
- 0
- Location
- San Clemente, CA
- Founding
- 01/1997
- Data as of
- 08/2022
- EIN
- 88-0372802
Organization Overview
The Doyle Foundation Inc is located in San Clemente, CA. The organization was established in 1997. 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. Doyle 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 08/2022, Doyle Foundation Inc generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $4.7m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Doyle Foundation Inc has awarded 6,984 individual grants totaling $33,992,783. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
PROVIDING SCHOLARSHIPS TO ELIGIBLE HIGH SCHOOL GRADUATES. BOTH NEED-BASED AND MERIT-BASED SCHOLARSHIPS ARE AWARDED AND CAN BE USED FOR EXPENSES RELATING TO TRADE SCHOOLS, COMMUNITY COLLEGES, STATE UNIVERSITIES, AND PUBLIC AND PRIVATE SCHOOLS.
PROVIDING GRANT AWARDS FOR THE BETTERMENT OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Brown Secretary/operations Manag | 50 | $156,941 | |
David Bourke Treasurer | 6 | $35,500 | |
Doug Doyle President | 4 | $3,000 | |
Kathleen Mackinnon Director | 2 | $3,000 | |
F Patrick Doyle Vice President | 2 | $3,000 | |
Nancy Doyle Director | 2 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,984,471 |
| Net Rental Income | $814,593 |
| Net Gain on Sale of Assets | -$35,409 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12 |
| Total Revenue | $3,452,749 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $216,441 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $14,051 |
| Interest | $0 |
| Taxes | $208,559 |
| Depreciation | $200,043 |
| Occupancy | $197,790 |
| Travel, conferences, and meetings | $33,752 |
| Printing and publications | $0 |
| Other expenses | $194,645 |
| Total operating and administrative expenses | $1,174,691 |
| Contributions, gifts, grants paid | $3,492,030 |
| Total expenses and disbursements | $4,666,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,263,107 |
| 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 | $8,036,531 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,712,654 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $97,586 |
| Total assets | $60,018,995 |
| Accounts payable and accrued expenses | $22,790 |
| Grants payable | $314,773 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,468,373 |
| Other liabilities | $0 |
| Total liabilities | $2,805,936 |
Grants Awarded
Over the last fiscal year, The Doyle Foundation Inc has awarded $3,492,030 in support to 480 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: GRANT | $250,000 |
Big Bear City, CA PURPOSE: GRANT | $235,510 |
FATHER JOE'S VILLAGES PURPOSE: GRANT | $200,000 |
FOUNDATION FOR THE CHILDREN OF THE CALIFORNIAS PURPOSE: GRANT | $200,000 |
Santa Ana, CA PURPOSE: GRANT | $200,000 |
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA IRVINE PURPOSE: GRANT | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |