Destina Foundation Inc
- Assets
- $19.2m
- Revenue
- $1.8m
- Investments
- $13.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2015
- Data as of
- 06/2021
- EIN
- 47-1859649
Organization Overview
Destina Foundation Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Destina 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 06/2021, Destina Foundation Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (44.8%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Destina Foundation Inc has awarded 27 individual grants totaling $6,014,700. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTING, PRESERVING, DISPLAYING & BROADENING PUBLICAWARENESS OF WORKS OF ART OWNED BY THE FOUNDATION TO MUSEUMS,ART RELATED ORGANIZATIONS & EDUCATIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela S Johnson President/director | 40 | $184,220 | |
Mary E Johnson Secretary/treasurer/director | 20 | $61,410 | |
Ann M Temkin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,216 |
| Dividends & Interest | $538,919 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,259,278 |
| Capital Gain Net Income | $1,259,278 |
| Net ST Capital Gain | $300,423 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,828,413 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $245,630 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $93,798 |
| Interest | $0 |
| Taxes | $51,513 |
| Depreciation | $0 |
| Occupancy | $76,610 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $91,138 |
| Total operating and administrative expenses | $878,049 |
| Contributions, gifts, grants paid | $1,360,000 |
| Total expenses and disbursements | $2,238,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,330 |
| Savings and temporary cash investments | $355,636 |
| 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 | $3,868 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,458,184 |
| Total assets | $19,229,237 |
| 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, Destina Foundation Inc has awarded $1,360,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: FOR THE COVID-19 RELIEF FUND | $500,000 |
New York, NY PURPOSE: PUBLIC POLICY LITGATION AND LAW PROGRAM. | $200,000 |
THE TRUST FOR PUBLIC LAND PURPOSE: FOR PARKS AND PLAYGROUNDS IN NEW YORK CITY | $200,000 |
Brooklyn, NY PURPOSE: UNRESTRICTED SUPPORT | $100,000 |
New York, NY PURPOSE: FOR GRANT PROGRAMS. | $100,000 |
New York, NY PURPOSE: FOR EMERGENCY GRANTS COVID-19 RELIEF FUND | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Destina Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Ohr Ola Foundation Atlantic Beach, NY PURPOSE: GENERAL SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |