Garfield G Duncan Research Foundation Inc
- Assets
- $388.7k
- Revenue
- $21.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Philadelphia, PA
- Founding
- 05/1968
- Data as of
- 12/2021
- EIN
- 23-1682363
Organization Overview
Garfield G Duncan Research Foundation Inc is located in Philadelphia, PA. The organization was established in 1968. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2021, Garfield G Duncan Research Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garfield G Duncan Research 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, Garfield G Duncan Research Foundation Inc generated $21.1k 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 (12.9%) each year. All expenses for the organization totaled $92.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Garfield G Duncan Research Foundation Inc has awarded 14 individual grants totaling $338,663. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GOAL OF THE FOUNDATION IS THE IMPROVED HEALTH OF PEOPLE WITH DIABETES BY PROVIDING EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT AWARDED TO THE DEPARTMENT OF FAMILY AND COMMUNITY MEDICINE AT JEFFERSON MEDICAL COLLEGE OF THOMAS JEFFERSON UNIVERSITY DESIGNATED FOR THE ELMER H FUNK JR.,MD SCHOLAR IN CARDIOVASCULAR HEALTH AND DIABETES
GRANT AWARDED TO THE DIABETES EDUCATION CENTER AT PENNSYLVANIA HOSPITAL TO ALLOW PHYSICIANS TO CARE FOR THE SICK AND ADVANCE THE ART OF SCIENCEOF MEDICINE. THIS WILL ALLOW THE HOSPITAL TO CARRY ON THE HISTORIC CHARITABLE MISSION AND FOCUS THEIR EFFORTS ON PATIENTS WITH EFFECTIVE TREATMENT AND CUTTING EDGE TECHNOLOGY.
CONTRIBUTIONS COME FROM THE GENERAL PUBLIC AND FROM CERTAIN GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Duncan-Sylvia Vice Preside | OfficerTrustee | $0 | |
Carolyn Duncan Stern Treasurer | OfficerTrustee | $0 | |
Ellen Funk President | OfficerTrustee | $0 | |
Anthony J Turner Secretary | OfficerTrustee | $0 | |
Father Daniel Doyle Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,125 |
| Total Program Service Revenue | $0 |
| Investment income | $6,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,685 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,000 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $13,912 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $5,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,892 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $92,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $388,500 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $388,739 |
| Accounts payable and accrued expenses | $515 |
| 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 | $0 |
| Total liabilities | $515 |
| Net assets without donor restrictions | $388,224 |
| Net assets with donor restrictions | $0 |
| 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 | $388,739 |
Grants Awarded
Over the last fiscal year, Garfield G Duncan Research Foundation Inc has awarded $55,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: SEE PART IV | $30,000 |
Philadelphia, PA PURPOSE: SEE PART IV | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Garfield G Duncan Research Foundation Inc has recieved totaling $6,288.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | | $6,288 |
Endowment Analysis
| Beg. Balance | $415,225 |
| Earnings | $9,991 |
| Admin Expense | $1,350 |
| Grants | -$55,000 |
| Ending Balance | $388,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Disease Research Interchange Philadelphia, PA | $6,059,781 | $7,072,153 |
Bronx Veterans Medical Research Foundation Inc Bronx, NY | $9,078,068 | $8,272,955 |
Citizens Committee For Children Of New York New York, NY | $3,634,711 | $3,821,090 |
Cleveland Va Medical Research And Education Foundation Cleveland, OH | $5,763,350 | $4,153,737 |
Pennsylvania Economy League Inc Philadelphia, PA | $2,641,467 | $4,041,486 |
Clinical Directors Network Inc New York, NY | $2,473,338 | $3,992,902 |
Paleontological Research Institution Ithaca, NY | $8,655,150 | $4,472,998 |
Financial Education & Research Foundation Inc Morristown, NJ | $4,733,275 | $3,972,102 |
Society For Investigative Dermatology Inc Cleveland, OH | $10,062,839 | $2,813,359 |
The Honorable Tina Brozman Foundation Inc New York, NY | $4,790,407 | $2,806,919 |
Aplastic Anemia & Mds International Foundation Inc Bethesda, MD | $5,199,376 | $3,484,930 |
Caring Cross Inc Gaithersburg, MD | $2,749,216 | $3,355,412 |