Daedalus Foundation Inc
- Assets
- $2.4m
- Revenue
- $52.0k
- Investments
- $2.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 13-3489057
Organization Overview
Daedalus Foundation Inc is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daedalus 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 12/2021, Daedalus Foundation Inc generated $52.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (37.6%) each year. All expenses for the organization totaled $296.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Daedalus Foundation Inc has awarded 159 individual grants totaling $2,189,066. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Nichols President | 0.25 | $0 | |
Max Nichols Vice President | 0.25 | $0 | |
Saskia Jensen Vice President | 0.25 | $0 | |
David Frankel Vice President | 0.25 | $0 | |
Daisy Nichols Vice President | 0.25 | $0 | |
Gregory Frankel Secretary And Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $54 |
| Dividends & Interest | $51,952 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,608 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $734 |
| Total operating and administrative expenses | $18,545 |
| Contributions, gifts, grants paid | $278,000 |
| Total expenses and disbursements | $296,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $294,104 |
| 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 | $0 |
| Total assets | $2,403,361 |
| Accounts payable and accrued expenses | $654 |
| 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 | $654 |
Grants Awarded
Over the last fiscal year, Daedalus Foundation Inc has awarded $278,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
BRENNAN CENTER FOR JUSTICE PURPOSE: TO REFORM, REVITALIZE, ANDWHEN NECESSARY, DEFENDOUR COUNTRY'S SYSTEMS OF DEMOCRACY AND JUSTICE. | $50,000 |
NAACP LDF PURPOSE: TO DISRUPT INEQUALITY, DISMANTLE RACISM, AND ACCELERATE CHANGE IN KEY AREAS INCLUDING CRIMINAL JUSTICE, HEALTH CARE, EDUCATION, CLIMATE, AND THE ECONOMY | $40,000 |
Merrifield, VA PURPOSE: TO SUPPORT FORMER INTERPRETERS AND U.S. GOVERNMENT EMPLOYEES ELIGIBLE FOR THE IRAQI AND AFGHAN SIV PROGRAMS | $24,000 |
THE NORMANDY INSTITUTE PURPOSE: AN INTERDISCIPLINARY CENTER FOR POLITICAL, ACADEMIC, AND DEFENSE COALITION LEADERS TO FORGE PATHWAYS TO PEACE THROUGH EDUCATION, DIPLOMACY, AND TRADE | $11,000 |
DOCTORS WITHOUT BORDERS PURPOSE: TO DELIVER EMERGENCY MEDICAL AID TO PEOPLE IN CRISIS, WITH HUMANITARIAN PROJECTS IN MORE THEN 70 COUNTRIES | $10,000 |
BENNINGTON COLLEGE PURPOSE: TO SUPPORT THE PRISON EDUCATION INITIATIVE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Autism Speaks Inc Princeton, NJ | $46,226,879 | $53,701,450 |
Service Coordination Unlimited Inc Pittsburgh, PA | $4,474,883 | $7,015,271 |
Integrate Health Inc Medway, MA | $11,519,968 | $5,602,759 |
Neuroendocrine Tumor Research Foundation Boston, MA | $26,608,419 | $8,207,303 |
Eagles Autism Challenge Inc Philadelphia, PA | $4,671,801 | $3,218,137 |
Hope & Heroes Childrens Cancer Fund New York, NY | $6,179,073 | $4,699,771 |
Sharsheret Inc Teaneck, NJ | $13,435,565 | $7,157,553 |
Town Fair Tire Foundation Inc East Haven, CT | $52,065,135 | $4,401,407 |
The Abim Foundation Philadelphia, PA | $92,491,227 | $11,488,048 |
Cure Rare Disease Inc Boston, MA | $1,470,434 | $2,486,822 |
Bringing Hope Home Inc Malvern, PA | $706,369 | $2,303,858 |
Cookies For Kids Cancer Califon, NJ | $3,410,240 | $2,364,523 |