Detectives Endowment Association Widows & Childrens Fund Inc
- Assets
- $2.1m
- Revenue
- $267.8k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 13-4036498
Organization Overview
Detectives Endowment Association Widows & Childrens Fund Inc is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public 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. Detectives Endowment Association Widows & Childrens Fund 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 12/2023, Detectives Endowment Association Widows & Childrens Fund Inc generated $267.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $352.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE & OTHER BENEFITS TO WIDOWS & CHILDREN OF DECEASED NYC POLICE DETECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL ASSISTANCE & OTHER BENEFITS TO WIDOWS & CHILDREN OF DECEASED NYC POLICE DETECTIVES.
TO PROVIDE FINANCIAL ASSISTANCE & OTHER BENEFITS TO WIDOWS & CHILDREN OF DECEASED NYC POLICE DETECTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Munro President- Start 6/2023 | OfficerTrustee | 3 | $0 |
Rick Simplicio Vice President - Start 6/2023 | OfficerTrustee | 3 | $0 |
Paul Digiacomo President- Resigned 6/2023 | OfficerTrustee | 3 | $0 |
Paul Morrison Vice President - Resigned 6/2023 | OfficerTrustee | 3 | $0 |
Jeffrey Ward Secretary | OfficerTrustee | 3 | $0 |
Nicholas Masi Treasurer- Start 6/2023 | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $95,300 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,710 |
| Total Program Service Revenue | $0 |
| Investment income | $55,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$86 |
| Net Income from Fundraising Events | -$32,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $267,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,606 |
| Grants and other assistance to domestic individuals. | $329,701 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,609 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,274 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $510 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $352,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $202,298 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,171 |
| Net Land, buildings, and equipment | $60,723 |
| Investments—publicly traded securities | $1,854,970 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,057 |
| Total assets | $2,125,219 |
| Accounts payable and accrued expenses | $6,527 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,678 |
| Total liabilities | $57,205 |
| Net assets without donor restrictions | $2,065,014 |
| Net assets with donor restrictions | $3,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,125,219 |
Grants Awarded
Over the last fiscal year, Detectives Endowment Association Widows & Childrens Fund Inc has awarded $34,614 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DEA HEALTH BEN FD - RETIRE PURPOSE: HEALTH INSURANCE FOR LOD WIDOWS | $12,984 |
DEA HEALTH BENEFITS FUND PURPOSE: HEALTH INSURANCE FOR LOD WIDOWS | $21,630 |