Destina Foundation Inc
- Assets
- $17.1m
- Revenue
- $1.8m
- Investments
- $11.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2015
- Data as of
- 06/2022
- 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 06/2022, Destina Foundation Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (38.4%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Destina Foundation Inc has awarded 31 individual grants totaling $6,324,700. 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
2022
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 |
|---|---|---|---|
Mary E Johnson Secretary/treasurer/director | 20 | $61,410 | |
Pamela S Johnson President/director | 40 | $184,220 | |
Ann M Temkin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $83 |
| Dividends & Interest | $244,170 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,511,442 |
| Capital Gain Net Income | $1,511,442 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,755,695 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $245,630 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $95,759 |
| Interest | $0 |
| Taxes | $25,305 |
| Depreciation | $0 |
| Occupancy | $79,776 |
| Travel, conferences, and meetings | $60 |
| Printing and publications | $0 |
| Other expenses | $87,106 |
| Total operating and administrative expenses | $729,731 |
| Contributions, gifts, grants paid | $1,060,000 |
| Total expenses and disbursements | $1,789,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,033 |
| Savings and temporary cash investments | $430,189 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,077,049 |
| Total assets | $17,148,369 |
| 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 $1,060,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DEMOCRACY WORKS INC PURPOSE: FOR GENERAL SUPPORT IN 2021-22. | $100,000 |
THE ASPEN INSTITUTE PURPOSE: FOR RESEARCH AND PLANNING FOR AN INTERNSHIP PROGRAM IN 2022. | $10,000 |
INTERNATIONAL RESCUE COMMITTEE INC PURPOSE: TOWARD GENDER EQUITY INITIATIVES BENEFITTING WOMEN AND GIRLS IN 2022-24. | $250,000 |
PLANNED PARENTHOOD FEDERATION OF AMERICA PURPOSE: FOR THE PUBLIC POLICY LITGATION AND LAW PROGRAM IN 2020-2022. | $200,000 |
THE NEW YORK WOMEN'S FOUNDATION PURPOSE: FOR GRANT PROGRAMS IN 2020-2022. | $200,000 |
THE TRUST FOR PUBLIC LAND PURPOSE: FOR PARKS AND PLAYGROUNDS IN NEW YORK CITY IN 2022-23 | $200,000 |