Darsey Family Foundation Inc
- Assets
- $397.5k
- Revenue
- $5.8k
- Investments
- $352.1k
- Employees
- 0
- Location
- Albany, GA
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 02-0762799
Organization Overview
Darsey Family Foundation Inc is located in Albany, GA. The organization was established in 2007. 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. Darsey Family 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 12/2023, Darsey Family Foundation Inc generated $5.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $19.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Darsey Family Foundation Inc has awarded 24 individual grants totaling $192,529. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles B Darsey Vice Preside | 0 | $0 | |
James G Johnson Non Voting T | 0 | $0 | |
Chris Darsey Treasuror | 0 | $0 | |
Maelu D Culpepper Secretary | 0 | $0 | |
Lew Culpepper President | 0 | $0 | |
Andrew B Darsey Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,142 |
| Dividends & Interest | $6,386 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,683 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,015 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4 |
| Total operating and administrative expenses | $9,012 |
| Contributions, gifts, grants paid | $10,350 |
| Total expenses and disbursements | $19,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,370 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $39 |
| Total assets | $397,481 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Darsey Family Foundation Inc has awarded $10,350 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KEEP ALBANY BEAUTIFUL PURPOSE: RECYCLING PROJECTS & BEATIFICATION | $1,850 |
FLINT RIVERKEEPER PURPOSE: PROTECT FLINT RIVER ECOSYSTEM | $6,000 |
GEORGIA MASTER GARDENER ASSOCIATION PURPOSE: IMPROVE LOCAL ENVIRONMENT | $2,500 |