Durfee Foundation
- Assets
- $64.9m
- Revenue
- $5.6m
- Investments
- $64.0m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 95-4856207
Organization Overview
Durfee Foundation is located in Los Angeles, CA. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Durfee 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 12/2021, Durfee Foundation generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Durfee Foundation has awarded 364 individual grants totaling $12,548,685. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
SPRINGBOARD PROGRAMS - BRAIN TRUST MEETINGS AND MENTORING FEES.
SABBATICAL - RETREAT, FACILITATOR FEES, AND AWARD CEREMONY.
ALL PROGRAMS PROFESSIONAL FUND - UNDERWRITE FELLOWS PARTICIPATION IN TRAININGS AND CONFERENCES. ALSO, HIRING RETREAT FACILITATORS, ENGAGING BOARD CONSULTANTS, ETC.
STANTON FELLOWSHIP - RETREAT, QUARTERLY MEETINGS, PROGRAM EVALUATION, AND AWARDS CEREMONY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire Peeps Executive Director | 40 | $238,079 | |
Caroline D Avery President | 32 | $152,463 | |
Stella Chung Program Manager | 40 | $86,438 | |
Mary Cruz Program Manager | 40 | $84,596 | |
Jonathan Newkirk Vice President And Treasurer | 2 | $5,000 | |
Diana Mckee Secretary | 2 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $154 |
| Dividends & Interest | $100,220 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,499,081 |
| Capital Gain Net Income | $4,471,718 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $990,075 |
| Total Revenue | $5,589,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $430,542 |
| Other employee salaries and wages | $171,034 |
| Pension plans, employee benefits | $157,107 |
| Interest | $3 |
| Taxes | $105,147 |
| Depreciation | $13,661 |
| Occupancy | $73,275 |
| Travel, conferences, and meetings | $48,591 |
| Printing and publications | $0 |
| Other expenses | $254,343 |
| Total operating and administrative expenses | $1,565,168 |
| Contributions, gifts, grants paid | $3,106,030 |
| Total expenses and disbursements | $4,671,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,608 |
| Savings and temporary cash investments | $452,558 |
| 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 | $6,150 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $57,629,141 |
| Net Land, buildings, and equipment | $94,218 |
| Other assets | $0 |
| Total assets | $64,853,467 |
| Accounts payable and accrued expenses | $124,338 |
| Grants payable | $881,268 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $151,154 |
| Total liabilities | $1,156,760 |
Grants Awarded
Over the last fiscal year, Durfee Foundation has awarded $3,389,459 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: FLOW FUNDS GRANT AND SPRINGBOARD FUND | $255,000 |
Lancaster, CA PURPOSE: FLOW FUNDS GRANT AND SPRINGBOARD FUND | $240,000 |
LA MAS PURPOSE: LARK AWARD PILOT PROGRAM AND FLOW FUNDS GRANT | $200,000 |
KOREATOWN IMMIGRANT WORKERS ALLIANCE PURPOSE: FLOW FUNDS GRANT AND SABBATICAL GRANT | $200,000 |
Los Angeles, CA PURPOSE: LARK AWARD PILOT PROGRAM AND FLOW FUND GRANT | $200,000 |
Los Angeles, CA PURPOSE: FLOW FUNDS GRANT | $190,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |