William H Darden And Kathryn T Darden Foundation Inc
- Assets
- $325.2k
- Revenue
- $8.5k
- Investments
- $306.2k
- Employees
- 0
- Location
- Raton, NM
- Founding
- 01/2013
- Data as of
- 12/2022
- EIN
- 45-3796270
Organization Overview
William H Darden And Kathryn T Darden Foundation Inc is located in Raton, NM. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public 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. William H Darden And Kathryn T Darden 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, William H Darden And Kathryn T Darden Foundation Inc generated $8.5k 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 (15.2%) each year. All expenses for the organization totaled $11.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William H Darden And Kathryn T Darden Foundation Inc has awarded 23 individual grants totaling $108,400. 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 |
|---|---|---|---|
Paul Kastler President | 1 | $0 | |
Lee Caruana MD Board Member / Director | 0.5 | $0 | |
Bill Cray Board Member / Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,224 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,256 |
| Capital Gain Net Income | $1,256 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,480 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $88 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $354 |
| Total operating and administrative expenses | $6,783 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $11,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,929 |
| Savings and temporary cash investments | $0 |
| 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 | $306,247 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $325,176 |
| 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, William H Darden And Kathryn T Darden Foundation Inc has awarded $13,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MUSIC FROM ANGEL FIRE PURPOSE: MUSIC CONCERT SERIES FOR COMMUNITY | $8,000 |
THE SANTA FE TRAIL SCHOOL FOR THE PERFORMING ARTS PURPOSE: CULTURAL COMMUNITY EVENTS & EDUCATION | $5,000 |