Duckworth Charitable Foundation Inc
- Assets
- $557.2k
- Revenue
- $55.0k
- Investments
- $547.0k
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 04-3676427
Organization Overview
Duckworth Charitable Foundation Inc is located in Roanoke, VA. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Duckworth Charitable 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 12/2021, Duckworth Charitable Foundation Inc generated $55.0k 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 (4.3%) each year. All expenses for the organization totaled $56.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Duckworth Charitable Foundation Inc has awarded 112 individual grants totaling $441,700. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Duckworth President | 0 | $0 | |
Katherine R Duckworth Vice President/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $589 |
| Total operating and administrative expenses | $2,189 |
| Contributions, gifts, grants paid | $54,000 |
| Total expenses and disbursements | $56,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,279 |
| 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 | $546,967 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $557,246 |
| 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, Duckworth Charitable Foundation Inc has awarded $54,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Lexington, VA PURPOSE: DONATION FOR FRIENDS OF ROCKBRIDGE/SHEPHERD ENDOWMENT SUPPORTING W&L STUDENT PROGRAMS THAT AID ROCKBRIDGE COUNTY RESIDENTS | $10,000 |
UNIVERSITY OF FLORIDA FOUNDATION PURPOSE: COLLEGE OF PHARMACY - ACADEMY FOR EXCELLENCE | $8,000 |
Washington, DC PURPOSE: GRADUATE SUPPORT PROGRAM - GIRLS SCHOOL IN LOW INCOME AREA OF DC | $8,000 |
Rockville, VA PURPOSE: DONATION TO SUPPORT AT-RISK STUDENTS GRADUATE FROM HIGH SCHOOL AND FIND A QUALITY JOB | $7,500 |
ODAKIDS FOUNDATION PURPOSE: DONATION - SUPPORT NEW SCHOOLING AND HEALTH PROGRAMS IN RURAL NEPAL | $5,000 |
SEASIDE UNITED METHODIST CHURCH PURPOSE: DONATION FOR STARS PROGRAM, SUMMER READING & ARTS PROGRAM FOR CHILDREN OF BRUNSWICK CO. NC | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |
Richmond Community Foundation Inc Charlotte, NC | $38,277,506 | $4,248,751 |
Tamias Foundation Hunt Valley, MD | $26,017,429 | $6,201,686 |
Progressive Multiplier Fund Washington, DC | $799,490 | $1,927,337 |
Weaver Foundation Inc Greensboro, NC | $30,406,218 | $3,650,390 |