Donald Douglas Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 871140467 ✦ Valley stream, NY ✦ Designated as a 501(c)(3)

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Overview

What is Donald Douglas Foundation?

The Donald Douglas Foundation is a newly established nonprofit organization, having been incorporated halfway through 2021. It primarily focuses on providing financial assistance to deserving students pursuing higher education, as evidenced by its awarding of two scholarships worth $1500 each, totaling $3000 during the tax year. The foundation's activities are primarily geared towards accumulating funds, as it is still in its early stages. Despite its recent establishment, the Donald Douglas Foundation has already shown its commitment to supporting education by offering scholarships to qualified students.


Official website here: www.donalddouglasfoundation.org/

Is Donald Douglas Foundation legitimate?

Donald Douglas Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Donald Douglas Foundation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.donalddouglasfoundation.org/

What is the mission statement of Donald Douglas Foundation?

The Donald Douglas Foundation, established in the middle of 2021, is primarily focused on providing financial aid for qualifying students pursuing higher education. During its inaugural tax year, the foundation received $7217 in donations and awarded two scholarships worth $1500 each, amounting to a total of $3000. At this stage, the foundation is accumulating funds, marking its initial phase of operation. The primary activity of the Donald Douglas Foundation involves providing scholarships, thereby contributing to the education of deserving students.


Official website here: www.donalddouglasfoundation.org/

Who is the CEO of Donald Douglas Foundation?

Michael Douglas is the President of Donald Douglas Foundation.


Official website here: www.donalddouglasfoundation.org/

What is the revenue of Donald Douglas Foundation?

Donald Douglas Foundation's revenue in 2022 was $8,517.


Official website here: www.donalddouglasfoundation.org/

Who are the executives of Donald Douglas Foundation and what are their salaries?


Here are 3 key members and their salaries:


Michael Douglas (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Krystal Douglas (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Douglas (Volunteer Coordinator)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.donalddouglasfoundation.org/

Where can I find the form 990EZ for Donald Douglas Foundation?

Donald Douglas Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.donalddouglasfoundation.org/

Learn more at the official website: www.donalddouglasfoundation.org/

Mission Statement of Donald Douglas Foundation

The Donald Douglas Foundation, established midway through 2021, is focused on accumulating funds during its initial phase. One of its primary activities is awarding scholarships to deserving students pursuing higher education. In the tax year, the foundation received $7217 in donations and distributed two scholarships worth $1500 each, totaling $3000. These scholarships aim to support students in their educational journeys, contributing to their future growth and development.

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Impact




August, 2024

The Donald Douglas Foundation's impact can be seen in the support it provides to students seeking higher education. In the tax year, the Foundation raised $7217 in donations and awarded two scholarships worth $1500 each, totaling $3000. This financial assistance helps deserving students pursue their educational goals and aspirations. Given that the Foundation is still in its early stages of operation, its focus on providing scholarships showcases a commitment to investing in the future of young individuals in VALLEY STREAM, NY.




This information is meant to be a general summary of Donald Douglas Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$8,517 (2022)
Expenses
$10,319 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $8,517

Assets and Liabilities:

  • Total Assets: $12,509
  • Total Liabilities: $0
  • Net Assets: $12,509

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Organization Details

Principal Officer

Michael Douglas

Main Address

111 S FRANKLIN AVE, VALLEY STREAM, NY, 11580

NTEE Category

Code: N12 - Recreation

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