Duroe Family Foundation
- Assets
- $2.7m
- Revenue
- $142.5k
- Investments
- $2.5m
- Employees
- 0
- Location
- Waterloo, IA
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 42-1474694
Organization Overview
Duroe Family Foundation is located in Waterloo, IA. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Duroe Family 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 12/2022, Duroe Family Foundation generated $142.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $191.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Duroe Family Foundation has awarded 70 individual grants totaling $611,195. 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 |
|---|---|---|---|
Suzanne C Duroe Director | 1 | $0 | |
Albert C Duroe President | 2 | $0 | |
Danielle M Trumbauer Secretary | 1 | $0 | |
Rodney L Duroe Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,000 |
| Interest on Savings | $2,949 |
| Dividends & Interest | $55,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,337 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $142,456 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,963 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,788 |
| Total operating and administrative expenses | $22,751 |
| Contributions, gifts, grants paid | $168,800 |
| Total expenses and disbursements | $191,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $183,738 |
| 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 | $463,531 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,670,849 |
| 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, Duroe Family Foundation has awarded $168,800 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
UNI FOUNDATION PURPOSE: GENERAL FUND | $40,000 |
Waterloo, IA PURPOSE: GENERAL FUND | $25,000 |
EXCEPTIONAL PERSONS INC PURPOSE: GENERAL FUND | $21,500 |
WINNEBAGO COUNCIL - BOY SCOUTS OF AMERICA PURPOSE: GENERAL FUND | $15,000 |
BOYS & GIRLS CLUB OF CEDAR VALLEY PURPOSE: GENERAL FUND | $10,000 |
IOWA HEARTLAND HABITAT FOR HUMANITY PURPOSE: GENERAL FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suzanne And Walter Scott Foundation Omaha, NE | $379,612,870 | $69,664,147 |
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |