George Edward Durell Foundation
- Assets
- $30.0m
- Revenue
- $1.6m
- Investments
- $29.7m
- Employees
- 0
- Location
- Westerville, OH
- Founding
- 02/1985
- Data as of
- 12/2023
- EIN
- 31-1111800
Organization Overview
George Edward Durell Foundation is located in Westerville, OH. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Edward Durell Foundation 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, George Edward Durell Foundation generated $1.6m 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 (6.6%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George Edward Durell Foundation has awarded 373 individual grants totaling $11,856,000. 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 |
|---|---|---|---|
Anne M Durell Trustee | 5 | $17,500 | |
David A Durell Chairman | 30 | $182,000 | |
James A Landaker CPA Secretary/treasurer | 5 | $12,500 | |
John M Durell Trustee | 5 | $12,500 | |
Lisle J Smith Trustee | 5 | $15,000 | |
Paul H Schoonover Trustee | 5 | $15,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hamilton Capital Management Inc | 12/30/23 | $143,952 |
Landaker & Associates Inc | 12/30/23 | $51,172 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,896 |
| Dividends & Interest | $992,992 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $587,535 |
| Capital Gain Net Income | $587,535 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$5,471 |
| Total Revenue | $1,576,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $254,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,198 |
| Depreciation | $0 |
| Occupancy | $1,327 |
| Travel, conferences, and meetings | $19,596 |
| Printing and publications | $738 |
| Other expenses | $11,900 |
| Total operating and administrative expenses | $535,251 |
| Contributions, gifts, grants paid | $1,593,500 |
| Total expenses and disbursements | $2,128,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,564 |
| Savings and temporary cash investments | $194,132 |
| 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 | $21,880 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,018,352 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $29,966,885 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,002,500 |
| 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 | $1,002,500 |
Grants Awarded
Over the last fiscal year, George Edward Durell Foundation has awarded $1,291,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ACTON INSTITUTE PURPOSE: ACTON UNIVERSITY MINI GRANTS PROGRAM | $125,000 |
AKILI CHRISTIAN HIGH SCHOOL PURPOSE: ADDITIONAL STAFFING COSTS | $5,000 |
CANINE COMPANIONS - NORTH CENTRAL REGION PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
CATALYST COLLABORATIVE PURPOSE: SUPPORT OF COMMON GROUND COMMUNITY DEVELOPMENT CORP. | $5,000 |
CENTER FOR CHRISTIAN VIRTUE PURPOSE: SUPPORT OF CHURCH AMBASSADOR NETWORK | $20,000 |
CENTRAL OHIO YOUTH FOR CHRIST PURPOSE: SUPPORT GAHANNA MINISTRY | $5,000 |