George Duffy Foundation
- Assets
- $2.4m
- Revenue
- $140.7k
- Investments
- $2.4m
- Employees
- 0
- Location
- Fort Plain, NY
- Founding
- 06/1961
- Data as of
- 12/2022
- EIN
- 14-6016445
Organization Overview
George Duffy Foundation is located in Fort Plain, NY. The organization was established in 1961. 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. George Duffy 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 12/2022, George Duffy Foundation generated $140.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $202.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George Duffy Foundation has awarded 289 individual grants totaling $1,235,700. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Kirkpatrick President | 2 | $3,275 | |
Joseph Sinchak First Vice President | 2 | $1,500 | |
Rita Obrian Second Vice President | 2 | $1,500 | |
Paul Gemmiti Treasurer | 2 | $1,500 | |
Lucinda Ruszkowski Secretary | 2 | $3,775 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,562 |
| Interest on Savings | $0 |
| Dividends & Interest | $76,425 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,722 |
| Capital Gain Net Income | $51,722 |
| Net ST Capital Gain | $5,385 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $140,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,550 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,762 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $381 |
| Total operating and administrative expenses | $40,619 |
| Contributions, gifts, grants paid | $162,150 |
| Total expenses and disbursements | $202,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,269 |
| Savings and temporary cash investments | $60,021 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,442,398 |
| 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, George Duffy Foundation has awarded $167,500 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
CLAYTON WELCH PURPOSE: SCHOLARSHIP | $5,000 |
JACK KRUG PURPOSE: SCHOLARSHIP | $5,000 |
ELLA LOGAN PURPOSE: SCHOLARSHIP | $5,000 |
JACKSON NASSE PURPOSE: SCHOLARSHIP | $5,000 |
SAYGE RUFFINO-MOSHER PURPOSE: SCHOLARSHIP | $5,000 |
ABIGAIL SMITH PURPOSE: SCHOLARSHIP | $5,000 |