Double-R Foundation
- Assets
- $6.8m
- Revenue
- $338.5k
- Investments
- $6.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2004
- Data as of
- 08/2024
- EIN
- 43-2029214
Organization Overview
Double-R Foundation is located in New York, NY. The organization was established in 2004. 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. Double-R 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 08/2024, Double-R Foundation generated $338.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $467.7k during the year ending 08/2024. While expenses have increased by 0.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Double-R Foundation has awarded 877 individual grants totaling $2,459,223. 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 |
|---|---|---|---|
Hugo Barreca II Dir/pre/treas | 18 | $75,000 | |
Hugo Benjamin Barreca Director | 0.1 | $0 | |
Anne Barreca Dir/v-Pres | 0.1 | $0 | |
Laura Barreca Dir/sec | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $244,846 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $93,637 |
| Capital Gain Net Income | $93,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $338,483 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $45,934 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,094 |
| Total operating and administrative expenses | $215,427 |
| Contributions, gifts, grants paid | $252,265 |
| Total expenses and disbursements | $467,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $716,710 |
| 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 | $4,469,532 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,755,896 |
| 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 | $25,956 |
| Total liabilities | $25,956 |
Grants Awarded
Over the last fiscal year, Double-R Foundation has awarded $252,265 in support to 136 organizations.
| Grant Recipient | Amount |
|---|---|
826NYC PURPOSE: COMMUNITY SUPPORT- CHILDREN'S LITERACY PROGRAM | $1,000 |
ADIRONDACK COUNCIL PURPOSE: PRESERVING WATER, AIR, AND WILDLANDS | $149 |
ACLU FOUNDATION PURPOSE: COMMUNITY SUPPORT | $200 |
AMERICAN INDIAN COLLEGE FUND PURPOSE: COMMUNITY SUPPORT | $175 |
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: COMMUNITY SUPPORT | $240 |
AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS (ASPCA) PURPOSE: ANIMAL RESCUE | $1,000 |