Wayne Duddlesten Foundation
- Assets
- $12.1m
- Revenue
- $2.8m
- Investments
- $11.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/1983
- Data as of
- 12/2023
- EIN
- 76-0003093
Organization Overview
Wayne Duddlesten Foundation is located in Houston, TX. The organization was established in 1983. 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. Wayne Duddlesten 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 12/2023, Wayne Duddlesten Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $13.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wayne Duddlesten Foundation has awarded 333 individual grants totaling $38,305,000. 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 |
|---|---|---|---|
Karen Duddlesten Director, President | 1 | $5,000 | |
Charles Mcmahen Director, Vice President | 1 | $5,000 | |
Robert Paddock Director,vice President, Treasurer | 1 | $5,000 | |
David Kantorczyk Director, Secretary | 1 | $5,000 | |
William Randall Director | 1 | $5,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fidelity Brokerage Services Llc | 12/30/23 | $61,464 |
Pershing Advisor Solutions Llc | 12/30/23 | $54,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $627,062 |
| Interest on Savings | $266,522 |
| Dividends & Interest | $270,719 |
| Net Rental Income | -$3 |
| Net Gain on Sale of Assets | $1,684,145 |
| Capital Gain Net Income | $1,684,145 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $509 |
| Total Revenue | $2,848,957 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $192,542 |
| Pension plans, employee benefits | $32,615 |
| Interest | $0 |
| Taxes | $1,429 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $183,171 |
| Total operating and administrative expenses | $504,161 |
| Contributions, gifts, grants paid | $12,530,000 |
| Total expenses and disbursements | $13,034,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,637 |
| Savings and temporary cash investments | $307,951 |
| 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 | $1,376,580 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,121,132 |
| 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, Wayne Duddlesten Foundation has awarded $12,530,000 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHWAY ACADEMY PURPOSE: GENERAL USE | $20,000 |
ARTS FOR RURAL TEXAS AKA ART GUILD OF FAYETTEVILLE PURPOSE: GENERAL USE | $25,000 |
ARROW CHILD & FAMILY MINISTRIES PURPOSE: GENERAL USE | $100,000 |
BLINN COLLEGE FOUNDATION PURPOSE: GENERAL USE | $100,000 |
BOYS & GIRLS COUNTRY PURPOSE: GENERAL USE | $15,000 |
CARRY THE LOAD PURPOSE: GENERAL USE | $50,000 |