Danpaul Foundation

Blountville, TN
Tax-exempt since Sept. 2003
EIN: 27-0039798

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Type of Nonprofit

Designated as a 501(c)(3) 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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$30.6k (2023)

Expenses

$84.2k (2023)

Total Assets

$756k (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2010 to 2023

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.
2023

Revenue

$30,644

Expenses

$84,191

Net Income

-$53,547

Net Assets

$756,290

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11,086	36.2%
Dividends	$8,419	27.5%
Sales of Assets	$11,139	36.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$72,000	85.5%
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	$756,290
Total Liabilities	$0
Net Assets	$756,290

Compensation

Key Employees and Officers	Compensation	Other
Libby Cornett (President)	$0	$0

990-PF

Filed on Nov. 12, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$15,961

Expenses

$62,989

Net Income

-$47,028

Net Assets

$809,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,293	45.7%
Dividends	$6,460	40.5%
Sales of Assets	$2,208	13.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,000	79.4%
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	$809,837
Total Liabilities	$0
Net Assets	$809,837

Compensation

Key Employees and Officers	Compensation	Other
Libby Cornett (President)	$0	$0

990-PF

Filed on Nov. 13, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$41,385

Expenses

$59,157

Net Income

-$17,772

Net Assets

$856,865

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,945	16.8%
Dividends	$4,977	12.0%
Sales of Assets	$29,463	71.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,400	75.1%
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	$856,865
Total Liabilities	$0
Net Assets	$856,865

Compensation

Key Employees and Officers	Compensation	Other
Libby Cornett (President)	$0	$0

990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$49,246

Expenses

$65,072

Net Income

-$15,826

Net Assets

$874,636

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,091	18.5%
Dividends	$7,397	15.0%
Sales of Assets	$32,758	66.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$47,000	72.2%
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	$874,637
Total Liabilities	$1
Net Assets	$874,636

Compensation

Key Employees and Officers	Compensation	Other
Libby Cornett (President)	$0	$0

990-PF

Filed on June 29, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$47,242

Expenses

$66,828

Net Income

-$19,586

Net Assets

$890,462

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,111	15.1%
Dividends	$22,650	47.9%
Sales of Assets	$17,481	37.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,100	73.5%
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	$890,463
Total Liabilities	$1
Net Assets	$890,462

Compensation

Key Employees and Officers	Compensation	Other
Libby Cornett (President)	$0	$0

990-PF

Filed on May 27, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$47,118

Expenses

$67,728

Net Income

-$20,610

Net Assets

$910,049

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,996	12.7%
Dividends	$17,003	36.1%
Sales of Assets	$24,119	51.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,700	74.9%
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	$910,049
Total Liabilities	$0
Net Assets	$910,049

Compensation

Key Employees and Officers	Compensation	Other
Libby Cornett (President)	$0	$0

990-PF

Filed on Nov. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$48,484

Expenses

$76,375

Net Income

-$27,891

Net Assets

$930,659

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,637	13.7%
Dividends	$20,236	41.7%
Sales of Assets	$21,611	44.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$59,050	77.3%
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	$930,659
Total Liabilities	$0
Net Assets	$930,659

Compensation

Key Employees and Officers	Compensation	Other
Libby Cornett (President)	$0	$0

990-PF

Filed on Oct. 26, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$39,876

Expenses

$68,098

Net Income

-$28,222

Net Assets

$958,550

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,618	31.6%
Dividends	$19,093	47.9%
Sales of Assets	$7,208	18.1%
Other Income	$957	2.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,544	74.2%
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	$958,550
Total Liabilities	$0
Net Assets	$958,550

Compensation

Key Employees and Officers	Compensation	Other
Libby Cornett (President)	$0	$0

990-PF

Filed on Aug. 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$55,094

Expenses

$113,511

Net Income

-$58,417

Net Assets

$986,772

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,318	22.4%
Dividends	$24,149	43.8%
Sales of Assets	$18,627	33.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$94,280	83.1%
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	$986,772
Total Liabilities	$0
Net Assets	$986,772

Compensation

Key Employees and Officers	Compensation	Other
Libby Cornett (President)	$0	$0

990-PF

Filed on June 27, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$78,388

Expenses

$152,214

Net Income

-$73,826

Net Assets

$981,921

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,832	12.5%
Dividends	$30,650	39.1%
Sales of Assets	$37,906	48.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$135,377	88.9%
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	$981,921
Total Liabilities	$0
Net Assets	$981,921

Compensation

Key Employees and Officers	Compensation	Other
Libby Cornett (President)	$0	$0

990-PF

Filed on May 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$75,613

Expenses

$110,450

Net Income

-$34,837

Net Assets

$1,055,747

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$34	0.0%
Dividends	$38,543	51.0%
Sales of Assets	$37,036	49.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,300	86.3%
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	$1,055,747
Total Liabilities	$0
Net Assets	$1,055,747

Compensation

Key Employees and Officers	Compensation	Other
Libby Cornett (President)	$0	$0

990-PF

Filed on Nov. 14, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$65,903

Expenses

$87,393

Net Income

-$21,490

Net Assets

$1,092,831

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$40,730	61.8%
Sales of Assets	$25,023	38.0%
Other Income	$150	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$71,675	82.0%
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	$1,092,832
Total Liabilities	$1
Net Assets	$1,092,831

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$52,060

Expenses

$139,625

Net Income

-$87,565

Net Assets

$1,114,322

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$41,478	79.7%
Sales of Assets	$9,967	19.1%
Other Income	$615	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$121,767	87.2%
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	$1,114,322
Total Liabilities	$0
Net Assets	$1,114,322

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$82,728

Expenses

$81,979

Net Income

$749

Net Assets

$1,201,887

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	24.2%
Interest Revenue	$0
Dividends	$38,730	46.8%
Sales of Assets	$23,998	29.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$66,080	80.6%
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	$1,201,887
Total Liabilities	$0
Net Assets	$1,201,887

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

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Danpaul Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $30.6k (2023)

Expenses $84.2k (2023)

Total Assets $756k (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$30.6k (2023)

Expenses

$84.2k (2023)

Total Assets

$756k (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

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2021

Fiscal Year Ending Dec.
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2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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