R E And N C Dungan Foundation Inc
- Assets
- $173.7k
- Revenue
- $29.2k
- Investments
- $160.3k
- Employees
- 0
- Location
- Durham, NC
- Founding
- 06/1988
- Data as of
- 12/2022
- EIN
- 54-1429536
Organization Overview
R E And N C Dungan Foundation Inc is located in Durham, NC. The organization was established in 1988. 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. R E And N C Dungan 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, R E And N C Dungan Foundation Inc generated $29.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $132.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, R E And N C Dungan Foundation Inc has awarded 98 individual grants totaling $763,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald E Dungan President-Treasurer | 1 | $5,000 | |
Cynthia Hatten Vice President-Secretary | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $8,131 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,081 |
| Capital Gain Net Income | $21,081 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,215 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,066 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,929 |
| Total operating and administrative expenses | $11,963 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $131,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,938 |
| Savings and temporary cash investments | $10,466 |
| 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 | $0 |
| Total assets | $173,725 |
| 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, R E And N C Dungan Foundation Inc has awarded $120,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR THE LITURGY OF ART PURPOSE: TO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $1,000 |
DIOCESE OF VIRGINIA PURPOSE: TO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $18,000 |
EPISCOPAL RELIEF AND DEVELOPMENT PURPOSE: TO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $30,000 |
GUATAMALA YOUTH INITIATIVE PURPOSE: TO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $3,500 |
ST JOHN'S EPISCOPAL CHURCH PURPOSE: TO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $19,000 |
ST LUKE'S EPISCOPAL CHURCH PURPOSE: TO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $20,000 |