Mcduffee Family Foundation
- Assets
- $228.5k
- Revenue
- $9.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 08/2009
- Data as of
- 12/2023
- EIN
- 20-8480808
Organization Overview
Mcduffee Family Foundation is located in Austin, TX. The organization was established in 2009. 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. Mcduffee Family 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 12/2023, Mcduffee Family Foundation generated $9.2k 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 (11.6%) each year. All expenses for the organization totaled $7.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 9 years. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF PROGRAMS THAT BENEFIT UNDER-PRIVILEGED FAMILIES, CHILDREN'S CAUSES AND IMPROVE LOCAL COMMUNITIES IN WHICH WE HAVE LIVED AND WORKED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
P Shaun Mcduffee Trustee | 0 | $0 | |
Kristin Mcduffee Trustee | 0 | $0 | |
Patricia Bartlett Trustee | 0 | $0 | |
Scott Hamele Trustee | 0 | $0 | |
Ed Deutschlander Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $45 |
| Dividends & Interest | $9,175 |
| 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 | $9,220 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,152 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $7,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $228,487 |
| 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 | $228,487 |
| 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, Mcduffee Family Foundation has awarded $32,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EANES EDUCATION FUND PURPOSE: GENERAL OPERATING | $5,000 |
WESTLAKE BAND PURPOSE: GENERAL OPERATING | $2,000 |
COURT SPORTS 4 LIFE PURPOSE: GENERAL BUSINESS | $25,000 |