Duo Charitable Foundation
- Assets
- $521.3k
- Revenue
- $115.3k
- Investments
- $459.7k
- Employees
- 0
- Location
- Ponte Vedra Beach, FL
- Founding
- 08/1998
- Data as of
- 07/2024
- EIN
- 58-6365349
Organization Overview
Duo Charitable Foundation is located in Ponte Vedra Beach, FL. The organization was established in 1998. 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. Duo Charitable 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 07/2024, Duo Charitable Foundation generated $115.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $56.4k during the year ending 07/2024. While expenses have increased by 5.8% per year over the past 6 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 2018, Duo Charitable Foundation has awarded 70 individual grants totaling $210,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara S Gabrielsen Director | 1 | $0 | |
James R Gabrielsen Director | 1 | $0 | |
Parker G Cunningham Director | 1 | $0 | |
Virginia G Feagin Director | 1 | $0 | |
James R Gabrielsen Jr Director | 1 | $0 | |
Truist Investment Services Inc Invst Advisr | 0 | $12,441 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $2,583 |
| Dividends & Interest | $11,133 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,536 |
| Capital Gain Net Income | $51,536 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $115,252 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,441 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $981 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,372 |
| Contributions, gifts, grants paid | $41,000 |
| Total expenses and disbursements | $56,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,670 |
| 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 | $521,328 |
| 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, Duo Charitable Foundation has awarded $41,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
K9S FOR WARRIORS PURPOSE: ASSIST WOUNDED VETERANS | $6,000 |
MAKE A WISH FOUNDATION PURPOSE: CREATE WISHES FOR CHILDREN W/CRIT IL | $2,000 |
PEACHTREE ROAD METHODIST CHURCH PURPOSE: WORSHIP & GROW IN CHRISTIAN COMM | $2,000 |
NATIONAL MS SOCIETY OF GEORGIA PURPOSE: SUPPORT MULTIPLE SCLEROSIS ORG | $2,000 |
SPECIAL OPERATIONS WARRIOR FDN PURPOSE: EDUCATIONAL SUPPORT FOR CHILDREN | $2,500 |
PONTE VEDRA HIGH SCHOOL PTO INC PURPOSE: SUPPORT PUBLIC EDUCATION | $3,000 |