The Doyle Foundation Inc
- Assets
- $57.9m
- Revenue
- $4.1m
- Investments
- $48.8m
- Employees
- 0
- Location
- San Clemente, CA
- Founding
- 01/1997
- Data as of
- 08/2023
- 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 08/2023, Doyle Foundation Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $4.6m during the year ending 08/2023. While expenses have increased by 0.2% 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, Doyle Foundation Inc has awarded 5,342 individual grants totaling $27,553,471. 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
2023
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 |
|---|---|---|---|
Doug Doyle President | 4 | $3,000 | |
Molly Brown Secretary/operations Manag | 50 | $178,970 | |
F Patrick Doyle Vice President | 2 | $3,000 | |
Nancy Doyle Director | 2 | $3,000 | |
David Bourke Treasurer | 6 | $47,000 | |
Dr John Storch Director | 2 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,358,412 |
| Net Rental Income | $959,808 |
| Net Gain on Sale of Assets | $52,886 |
| Capital Gain Net Income | $52,886 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,000 |
| Total Revenue | $4,112,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $249,970 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $16,749 |
| Interest | $50 |
| Taxes | $223,359 |
| Depreciation | $203,960 |
| Occupancy | $208,825 |
| Travel, conferences, and meetings | $51,649 |
| Printing and publications | $0 |
| Other expenses | $241,317 |
| Total operating and administrative expenses | $1,296,661 |
| Contributions, gifts, grants paid | $3,335,792 |
| Total expenses and disbursements | $4,632,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $986,073 |
| 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 | $8,015,668 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,830,646 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $115,726 |
| Total assets | $57,929,891 |
| Accounts payable and accrued expenses | $38,107 |
| Grants payable | $426,980 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,121,592 |
| Other liabilities | $19,008 |
| Total liabilities | $2,605,687 |
Grants Awarded
Over the last fiscal year, The Doyle Foundation Inc has awarded $3,335,792 in support to 444 organizations.
| Grant Recipient | Amount |
|---|---|
ACKLIN ELIJAH PURPOSE: EDUCATIONAL SCHOLARSHIP | $262 |
ACKLIN ELIJAH PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,382 |
ANDERSON JESSIE PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,000 |
ANDERSON SKYLER PURPOSE: EDUCATIONAL SCHOLARSHIP | $658 |
ANCHO MAIA PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,212 |
APPLEBACH KYRADELA PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,000 |