Doris Duke Management Foundation
- Assets
- $16.5m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1998
- Data as of
- 12/2021
- EIN
- 13-4008718
Organization Overview
Doris Duke Management Foundation is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doris Duke Management 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, Doris Duke Management Foundation generated $14.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $14.2m during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DORIS DUKE MANAGEMENT FOUNDATION'S (DDMF) PRIMARY CHARITABLE ACTIVITY IS TO SUPPORT THE TAX-EXEMPT MISSION OF THE DORIS DUKE CHARITABLE FOUNDATION INC (DDCF INC) AND ITS AFFILIATED ENTITIES. DDMF EMPLOYS STAFF WHO, BY CONTRACT, SUPPORT THE DDCF INC GRANT PROGRAMS AND PROVIDE ADMINISTRATIVE STAFF SUPPORT FOR ALL AFFILIATED FOUNDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward P Henry Ceo/president (thru 03/2021) | 2 | $1,479,393 | |
Jeffrey Heil Chief Inv. Officer | 40 | $1,271,714 | |
Samsher Gill Ceo/president (as Of 04/2021) | 2 | $766,263 | |
Leena Bhutta Deputy Chief Inv. Of | 40 | $504,794 | |
Peter Simmons Coo/treasurer | 11 | $491,585 | |
Maurine Knighton Director, Arts | 40 | $285,187 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cdw Direct Llc | 12/30/21 | $177,065 |
Asi System Integration Inc | 12/30/21 | $753,735 |
Mm Event Group Llc | 12/30/21 | $224,018 |
Environmental Leadership Program Inc | 12/30/21 | $366,006 |
Grant Thornton Llp | 12/30/21 | $335,393 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,759 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,159,370 |
| Total Revenue | $14,155,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,972,837 |
| Other employee salaries and wages | $2,008,045 |
| Pension plans, employee benefits | $2,914,704 |
| Interest | $0 |
| Taxes | $250,440 |
| Depreciation | $222,938 |
| Occupancy | $1,049,171 |
| Travel, conferences, and meetings | $85,812 |
| Printing and publications | $96,646 |
| Other expenses | $1,246,704 |
| Total operating and administrative expenses | $14,150,111 |
| Contributions, gifts, grants paid | $5,500 |
| Total expenses and disbursements | $14,155,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$6,452 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $198,757 |
| 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 | $254,406 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $915,653 |
| Other assets | $15,172,768 |
| Total assets | $16,535,132 |
| Accounts payable and accrued expenses | $5,218,481 |
| 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 | $7,636,937 |
| Total liabilities | $12,855,418 |
Grants Awarded
Over the last fiscal year, Doris Duke Management Foundation has awarded $5,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Newport, RI PURPOSE: GENERAL SUPPORT | $5,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grhs Foundation Inc Rochester, NY | $150,651,211 | $43,275,253 |
Phoebe Services Inc Allentown, PA | $13,209,475 | $32,050,372 |
Hispanic Federation Inc New York, NY | $50,299,555 | $50,097,384 |
Common Fund For Non-Profit Organizations Wilton, CT | $4,189,942,831 | $274,004,992 |
Affiliates Risk Management Services Inc New York, NY | $25,877,262 | $29,825,362 |
New Profit Inc Boston, MA | $113,525,114 | $77,118,974 |
Nonprofit Finance Fund New York, NY | $319,614,124 | $35,516,704 |
Npower Inc Brooklyn, NY | $16,868,984 | $22,673,461 |
Program Development Services Inc Brooklyn, NY | $16,969,361 | $21,610,144 |
Project Social Care Head Start Brooklyn, NY | $6,318,610 | $20,235,501 |
Race Forward New York, NY | $41,775,681 | $35,206,795 |
Doris Duke Management Foundation New York, NY | $16,535,132 | $14,155,611 |