Daedalus Foundation Inc
- Assets
- $2.2m
- Revenue
- $101.8k
- Investments
- $2.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2002
- Data as of
- 12/2022
- 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 12/2022, Daedalus Foundation Inc generated $101.8k 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 (21.8%) each year. All expenses for the organization totaled $325.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Daedalus Foundation Inc has awarded 175 individual grants totaling $2,407,066. 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
2022
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 | |
Daisy Nichols Vice President | 0.25 | $0 | |
Gregory Frankel Secretary And Treasurer | 0.25 | $0 | |
Saskia Jensen Vice President | 0.25 | $0 | |
David Frankel Vice President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $215 |
| Dividends & Interest | $55,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,709 |
| Capital Gain Net Income | $45,709 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,808 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,085 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $91,160 |
| Total operating and administrative expenses | $107,512 |
| Contributions, gifts, grants paid | $218,000 |
| Total expenses and disbursements | $325,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $121,788 |
| 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 | $171 |
| Total assets | $2,179,003 |
| 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, Daedalus Foundation Inc has awarded $218,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
GRASSROOTS INTERNATIONAL PURPOSE: TO CONNECT PEOPLE IN THE US WITH GLOBAL MOVEMENTS THAT DEFEND LAND, TERRITORY, WATER, FOOD, SEEDS, AND THE EARTH. ADDRESSING THE ROOT CAUSES OF INJUSTICE AND OPPRESSION, AND BUILD ALTERNATIVES THAT NURTURE HUMAN RIGHTS, ECOLOGICAL JUSTICE, AND LIBERATION | $4,000 |
PREP FOR PREP PURPOSE: PREP FOR PREP'S MISSION IS TO DEVELOP FUTURE LEADERS BY CREATING ACCESS FOR YOUNG PEOPLE OF COLOR TO FIRST-RATE EDUCATIONAL, LEADERSHIP DEVELOPMENT AND PROFESSIONAL ADVANCEMENT OPPORTUNITIES. | $33,000 |
AL OTRO LADO PURPOSE: A BI-NATIONAL ADVOCACY AND LEGAL AID ORGANIZATION SERVING MIGRANTS, REFUGEES AND DEPORTEES IN THE UNITED STATES AND MEXICO. | $4,000 |
AGRARIAN TRUST PURPOSE: SUPPORTS WORK TO BUILD LAND ACCESS FOR NEXT GENERATION FARMERS, SUPPORT THE ALIGNED STAKEHOLDERS, AND HOLD FARMLAND AND CAPITAL IN COMMONS. | $4,000 |
ASSOCIATION TO BENEFIT PURPOSE: ABC'S MISSION IS TO OFFER EVERY CHILD A LIFE FILLED WITH JOY AND LOVE BY CREATING COMPASSIONATE PROGRAMS IN URGENT RESPONSE TO THE NEEDS OF NEW YORK CITY'S MOST VULNERABLE FAMILIES. | $33,000 |
BENNINGTON COLLEGE PURPOSE: TO SUPPORT THE PRISON EDUCATION INITIATIVE | $10,000 |