Mary Louise Dobson Foundation

Wharton, TX
Tax-exempt since Oct. 2001
EIN: 76-0690889

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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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.65M (2024)

Expenses

$1.01M (2024)

Total Assets

$14.6M (2024)

Total Liabilities

$1k (2024)

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

Revenue

$1,650,585

Expenses

$1,011,757

Net Income

$638,828

Net Assets

$14,567,621

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$55,069	3.3%
Dividends	$295,773	17.9%
Sales of Assets	$1,229,386	74.5%
Other Income	$4,285	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$825,599	81.6%
Compensation of Officers*	$90,000	8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,568,621
Total Liabilities	$1,000
Net Assets	$14,567,621

Compensation

Key Employees and Officers	Compensation	Other
Abby King (Exec Dir)	$90,000	$0
Jimmy Schulz (President)	$0	$0
Don Hillis (Treas Dr)	$0	$0
Ron Sanders (Director)	$0	$0
Sarah Armour (Sec Dir)	$0	$0
Jane Dobson (Vp Dir)	$0	$0
Dwight D King (Director)	$0	$0
John Dettling (Director)	$0	$0
Terence Ward (Director)	$0	$0

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990-PF

Filed on July 14, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$785,265

Expenses

$1,012,580

Net Income

-$227,315

Net Assets

$13,778,456

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000	1.9%
Interest Revenue	$107	0.0%
Dividends	$366,443	46.7%
Sales of Assets	$325,044	41.4%
Other Income	$78,671	10.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$880,235	86.9%
Compensation of Officers*	$91,445	9.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,782,579
Total Liabilities	$4,123
Net Assets	$13,778,456

Compensation

Key Employees and Officers	Compensation	Other
Abby King (Executive Di)	$91,445	$0
Jimmy Schulz (President)	$0	$0
Don Hillis (Director)	$0	$0
Ron Sanders (Director)	$0	$0
Sarah Armour (Director)	$0	$0
Jane Dobson (Vice Preside)	$0	$0
Dwight D King (Director)	$0	$0
John Dettling (Director)	$0	$0
Terence Ward (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$1,209,858

Expenses

$934,245

Net Income

$275,613

Net Assets

$15,620,515

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$430,300	35.6%
Interest Revenue	$15	0.0%
Dividends	$505,510	41.8%
Sales of Assets	$208,097	17.2%
Other Income	$65,936	5.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$788,169	84.4%
Compensation of Officers*	$91,670	9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,621,515
Total Liabilities	$1,000
Net Assets	$15,620,515

Compensation

Key Employees and Officers	Compensation	Other
Abby King (Executive Director)	$90,000	$1,670
Jimmy Schulz (President)	$0	$0
Jane Dobson (Vice President)	$0	$0
Don Hillis (Director)	$0	$0
Billie H Jones (Secretary/Treasurer)	$0	$0
Ron Sanders (Director)	$0	$0
Sarah W Armour (Director)	$0	$0
Dwight D King (Director)	$0	$0
John Dettling (Director)	$0	$0

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990-PF

Filed on Feb. 15, 2024

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

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Fiscal Year Ending Dec.
2021

Revenue

$2,024,493

Expenses

$930,038

Net Income

$1,094,455

Net Assets

$16,243,370

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000,000	49.4%
Interest Revenue	$68,653	3.4%
Dividends	$351,270	17.4%
Sales of Assets	$590,253	29.2%
Other Income	$14,317	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$661,403	71.1%
Compensation of Officers*	$90,000	9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,243,370
Total Liabilities	$0
Net Assets	$16,243,370

Compensation

Key Employees and Officers	Compensation	Other
Abby King (Executive Di)	$90,000	$0
Dwight D King (Director)	$0	$0
Jimmy Schulze (President)	$0	$0
Jane Dobson Rice (Vice Preside)	$0	$0
Ron Sanders (Director)	$0	$0
Billie Jones (Sec/Treasure)	$0	$0

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990-PF

Filed on May 11, 2023

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

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Fiscal Year Ending Dec.
2020

Revenue

$571,522

Expenses

$875,254

Net Income

-$303,732

Net Assets

$14,952,253

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$80,119	14.0%
Dividends	$209,843	36.7%
Sales of Assets	$216,721	37.9%
Other Income	$14,839	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$627,946	71.7%
Compensation of Officers*	$90,000	10.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,952,254
Total Liabilities	$1
Net Assets	$14,952,253

Compensation

Key Employees and Officers	Compensation	Other
Abby King (Executive Director)	$90,000	$0
Jane Dobson Rice (Vice President)	$0	$0
Dwight D King (Director)	$0	$0
Don Hillis (Director)	$0	$0
Sarah W Armour (Director)	$0	$0
Billie Jones (Sec/Treas)	$0	$0
Ron Sanders (Director)	$0	$0
Jimmy Schulz (President)	$0	$0

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990-PF

Filed on Nov. 15, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$750,962

Expenses

$686,703

Net Income

$64,259

Net Assets

$10,471,455

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,500	0.3%
Interest Revenue	$32,579	4.3%
Dividends	$150,853	20.1%
Sales of Assets	$519,249	69.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$444,875	64.8%
Compensation of Officers*	$90,000	13.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,471,456
Total Liabilities	$1
Net Assets	$10,471,455

Compensation

Key Employees and Officers	Compensation	Other
Abby King (Executive Di)	$90,000	$0
Dwight King (Ex Officio)	$0	$0
Jane Dobson Rice (Vice Preside)	$0	$0
Ron Sanders (Director)	$0	$0
Jimmy Schulze (President)	$0	$0
Don Hillis (Director)	$0	$0
Sarah W Armour (Director)	$0	$0
Billie Jones (Sec/Treas)	$0	$0

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990-PF

Filed on Jan. 6, 2021

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

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Fiscal Year Ending Dec.
2018

Revenue

$5,002,558

Expenses

$676,329

Net Income

$4,326,229

Net Assets

$10,407,197

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,641,536	92.8%
Interest Revenue	$61,715	1.2%
Dividends	$130,400	2.6%
Sales of Assets	$151,701	3.0%
Other Income	$17,206	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$505,076	74.7%
Compensation of Officers*	$61,838	9.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,407,197
Total Liabilities	$0
Net Assets	$10,407,197

Compensation

Key Employees and Officers	Compensation	Other
Abby King (Executive Direc)	$61,838	$0
Dwight King (Ex Officio)	$0	$0
Jane Dobson (Vice President)	$0	$0
Ron Sanders (Director)	$0	$0
Jimmy Schulze (President)	$0	$0
Don Hillis (Director)	$0	$0
Sarah W Armour (Director)	$0	$0
Billie H Jones (Secy/Treas)	$0	$0

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990-PF

Filed on Nov. 13, 2019

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

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PDF (2 of 2)

Fiscal Year Ending Dec.
2017

Revenue

$1,392,586

Expenses

$471,954

Net Income

$920,632

Net Assets

$6,080,968

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,061,636	76.2%
Interest Revenue	$89,264	6.4%
Dividends	$76,407	5.5%
Sales of Assets	$155,073	11.1%
Other Income	$10,206	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$339,236	71.9%
Compensation of Officers*	$48,676	10.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,080,968
Total Liabilities	$0
Net Assets	$6,080,968

Compensation

Key Employees and Officers	Compensation	Other
Abby King (Executive Direc)	$48,676	$0
Dwight King (Ex Officio)	$0	$0
Mary Louise Dobson (Emeritus)	$0	$0
Jane Dobson (Vice President)	$0	$0
Ron Sanders (Director)	$0	$0
Jimmy Schulze (President)	$0	$0
Don Hillis (Director)	$0	$0
Sarah W Armour (Director)	$0	$0
Billie H Jones (Secy/Treas)	$0	$0

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990-PF

Filed on June 19, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$197,002

Expenses

$388,050

Net Income

-$191,048

Net Assets

$5,165,542

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$51,000	25.9%
Interest Revenue	$44,089	22.4%
Dividends	$85,056	43.2%
Sales of Assets	$1,250	0.6%
Other Income	$15,607	7.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$309,821	79.8%
Compensation of Officers*	$47,846	12.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,165,542
Total Liabilities	$0
Net Assets	$5,165,542

Compensation

Key Employees and Officers	Compensation	Other
Abby King (Executive Direc)	$42,999	$4,847
Dwight King (Ex Officio)	$0	$0
Mary Louise Dobson (Emeritus)	$0	$0
Jane Dobson Rice (Vice President)	$0	$0
Ron Sanders (Director)	$0	$0
Jimmy Schulze (President)	$0	$0
Don Hillis (Director)	$0	$0
Sarah W Armour (Director)	$0	$0
Billie H Jones (Secy/Treas)	$0	$0

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990-PF

Filed on May 10, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$202,983

Expenses

$409,080

Net Income

-$206,097

Net Assets

$5,378,295

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,200	4.0%
Interest Revenue	$38,067	18.8%
Dividends	$66,780	32.9%
Sales of Assets	$74,513	36.7%
Other Income	$15,423	7.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$309,273	75.6%
Compensation of Officers*	$43,000	10.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,378,295
Total Liabilities	$0
Net Assets	$5,378,295

Compensation

Key Employees and Officers	Compensation	Other
Abby K Burditt (Executive Di)	$43,000	$0
Dwight King (Ex Officio)	$0	$0
Mary Louise Dobson (President)	$0	$0
Jane Dobson Rice (Vice Preside)	$0	$0
Jimmy Schulze (Director)	$0	$0
Don Hillis (Director)	$0	$0
Jeanene D Merka (Director)	$0	$0
Billie H Jones (Secy/Treas)	$0	$0
Ron Sanders (Director)	$0	$0

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990-PF

Filed on June 15, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$220,810

Expenses

$373,886

Net Income

-$153,076

Net Assets

$5,152,969

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,200	3.7%
Interest Revenue	$43,931	19.9%
Dividends	$50,769	23.0%
Sales of Assets	$117,910	53.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$272,710	72.9%
Compensation of Officers*	$43,000	11.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,152,969
Total Liabilities	$0
Net Assets	$5,152,969

Compensation

Key Employees and Officers	Compensation	Other
Abby K Burditt (Executive Di)	$43,000	$0
Dwight King (Ex Officio)	$0	$0
Mary Louise Dobson (President)	$0	$0
Jane Dobson Rice (Vice Preside)	$0	$0
Jimmy Schulze (Director)	$0	$0
Don Hillis (Director)	$0	$0
Jeanene D Merka (Sec/Treas)	$0	$0
Billie H Jones (Director)	$0	$0

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990-PF

Filed on July 30, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$634,315

Expenses

$419,494

Net Income

$214,821

Net Assets

$5,306,045

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$193,065	30.4%
Interest Revenue	$26,042	4.1%
Dividends	$91,396	14.4%
Sales of Assets	$316,657	49.9%
Other Income	$7,155	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$326,114	77.7%
Compensation of Officers*	$31,500	7.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,306,045
Total Liabilities	$0
Net Assets	$5,306,045

Compensation

Key Employees and Officers	Compensation	Other
Abby K Burditt (Executive Direc)	$31,500	$0
Dwight King (Ex Officio)	$0	$0
Mary Louise Dobson (President)	$0	$0
Jane Dobson Rice (Vice President)	$0	$0
Jimmy Schulze (Director)	$0	$0
Don Hillis (Director)	$0	$0
Jeanene D Merka (Sec/Treas)	$0	$0
Billie H Jones (Director)	$0	$0

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990-PF

Filed on May 29, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$1,094,601

Expenses

$421,903

Net Income

$672,698

Net Assets

$5,091,406

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$818,576	74.8%
Interest Revenue	$55,845	5.1%
Dividends	$80,354	7.3%
Sales of Assets	$82,785	7.6%
Other Income	$57,041	5.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$328,457	77.9%
Compensation of Officers*	$34,000	8.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,091,407
Total Liabilities	$1
Net Assets	$5,091,406

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$552,628

Expenses

$371,367

Net Income

$181,261

Net Assets

$4,418,708

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$354,990	64.2%
Interest Revenue	$64,833	11.7%
Dividends	$65,501	11.9%
Sales of Assets	$50,500	9.1%
Other Income	$16,804	3.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$274,331	73.9%
Compensation of Officers*	$30,000	8.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,418,709
Total Liabilities	$1
Net Assets	$4,418,708

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Mary Louise Dobson Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.65M (2024)

Expenses $1.01M (2024)

Total Assets $14.6M (2024)

Total Liabilities $1k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Revenue

$1.65M (2024)

Expenses

$1.01M (2024)

Total Assets

$14.6M (2024)

Total Liabilities

$1k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
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.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001