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Demorest Family Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.13M (2024)

Expenses
$613k (2024)

Total Assets
$4.89M (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,132,776
Expenses
$613,019
Net Income
$1,519,757
Net Assets
$4,885,991
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,777,052
83.3%
Interest Revenue $61,640
2.9%
Dividends $133,404
6.3%
Sales of Assets $160,680
7.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $589,025
96.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,885,991
Total Liabilities $0
Net Assets $4,885,991
Compensation
Key Employees and Officers Compensation Other
Harry L Demorest (President) $0 $0
Kaaren M Demorest (Secretary) $0 $0
Christine Barbour (Director) $0 $0
Scott Demorest (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$954,550
Expenses
$607,987
Net Income
$346,563
Net Assets
$5,045,405
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $86,056
9.0%
Dividends $119,404
12.5%
Sales of Assets $749,090
78.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $600,645
98.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,045,405
Total Liabilities $0
Net Assets $5,045,405
Compensation
Key Employees and Officers Compensation Other
Harry L Demorest (President/Director) $0 $0
Kaaren M Demorest (Secretary/Director) $0 $0
Christine Barbour (Director) $0 $0
Scott E Demorest (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$427,631
Expenses
$602,961
Net Income
-$175,330
Net Assets
$4,698,842
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,703
0.9%
Dividends $128,903
30.1%
Sales of Assets $295,025
69.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $600,562
99.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,698,842
Total Liabilities $0
Net Assets $4,698,842
Compensation
Key Employees and Officers Compensation Other
Harry L Demorest (President/Director) $0 $0
Kaaren M Demorest (Secretary/Director) $0 $0
Christine Barbour (Director) $0 $0
Scott E Demorest (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$402,289
Expenses
$496,736
Net Income
-$94,447
Net Assets
$4,874,172
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $27,091
6.7%
Interest Revenue $223
0.1%
Dividends $111,424
27.7%
Sales of Assets $263,551
65.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $473,422
95.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,874,172
Total Liabilities $0
Net Assets $4,874,172
Compensation
Key Employees and Officers Compensation Other
Harry L Demorest (President/Director) $0 $0
Kaaren M Demorest (Secretary/Director) $0 $0
Christine Barbour (Director) $0 $0
Scott E Demorest (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$954,245
Expenses
$430,634
Net Income
$523,611
Net Assets
$4,968,618
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $91,727
9.6%
Interest Revenue $633
0.1%
Dividends $116,748
12.2%
Sales of Assets $745,137
78.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $427,020
99.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,968,619
Total Liabilities $1
Net Assets $4,968,618
Compensation
Key Employees and Officers Compensation Other
Harry L Demorest (President/Director) $0 $0
Kaaren M Demorest (Secretary/Director) $0 $0
Christine Barbour (Director) $0 $0
Scott E Demorest (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$592,420
Expenses
$419,922
Net Income
$172,498
Net Assets
$4,445,007
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $346,919
58.6%
Interest Revenue $6,207
1.0%
Dividends $127,638
21.5%
Sales of Assets $111,656
18.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $418,089
99.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,445,008
Total Liabilities $1
Net Assets $4,445,007
Compensation
Key Employees and Officers Compensation Other
Harry L Demorest (President/Director) $0 $0
Kaaren M Demorest (Secretary/Director) $0 $0
Christine Barbour (Director) $0 $0
Scott E Demorest (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$276,851
Expenses
$409,042
Net Income
-$132,191
Net Assets
$4,272,510
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $116,662
42.1%
Interest Revenue $6,613
2.4%
Dividends $120,922
43.7%
Sales of Assets $32,654
11.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $400,490
97.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,272,510
Total Liabilities $0
Net Assets $4,272,510
Compensation
Key Employees and Officers Compensation Other
Harry L Demorest (President/Director) $0 $0
Kaaren M Demorest (Secretary/Director) $0 $0
Christine Barbour (Director) $0 $0
Scott E Demorest (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$609,162
Expenses
$375,457
Net Income
$233,705
Net Assets
$4,404,701
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $161,169
26.5%
Interest Revenue $2,952
0.5%
Dividends $121,085
19.9%
Sales of Assets $323,956
53.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $373,992
99.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,404,701
Total Liabilities $0
Net Assets $4,404,701
Compensation
Key Employees and Officers Compensation Other
Harry L Demorest (President/Director) $0 $0
Kaaren M Demorest (Secretary/Director) $0 $0
Christine Barbour (Director) $0 $0
Scott E Demorest (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$310,640
Expenses
$371,253
Net Income
-$60,613
Net Assets
$4,428,309
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $412
0.1%
Dividends $115,526
37.2%
Sales of Assets $194,702
62.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $369,344
99.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,428,309
Total Liabilities $0
Net Assets $4,428,309

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$67,171
Expenses
$344,482
Net Income
-$277,311
Net Assets
$4,488,922
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $910
1.4%
Dividends $107,806
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $324,927
94.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,488,922
Total Liabilities $0
Net Assets $4,488,922

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$434,519
Expenses
$284,574
Net Income
$149,945
Net Assets
$4,766,233
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,007
0.2%
Dividends $95,027
21.9%
Sales of Assets $338,485
77.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $281,837
99.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,766,233
Total Liabilities $0
Net Assets $4,766,233

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$138,469
Expenses
$248,916
Net Income
-$110,447
Net Assets
$4,616,287
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,329
1.0%
Dividends $113,628
82.1%
Sales of Assets $23,512
17.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $245,848
98.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,616,288
Total Liabilities $1
Net Assets $4,616,287

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$210,094
Expenses
$244,710
Net Income
-$34,616
Net Assets
$4,726,735
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,110
2.0%
Dividends $93,799
44.6%
Sales of Assets $112,160
53.4%
Other Income $25
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $243,376
99.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,726,735
Total Liabilities $0
Net Assets $4,726,735

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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