Friends Of James Daugherty Foundation
- Assets
- $73.2k
- Revenue
- $25.1k
- Investments
- $22.2k
- Employees
- 0
- Location
- Westport, CT
- Founding
- 09/2009
- Data as of
- 12/2022
- EIN
- 26-4813355
Organization Overview
Friends Of James Daugherty Foundation is located in Westport, CT. The organization was established in 2009. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of James Daugherty 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, Friends Of James Daugherty Foundation generated $25.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $37.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Friends Of James Daugherty Foundation has awarded 22 individual grants totaling $824,675. 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
GIFTS OF ART AND FUNDS TO EDUCATIONAL INSTITUTION FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Solum Trustee | 10 | $26,400 | |
Jennifer Moore Trustee | 2 | $0 | |
Luigi Terruso Trustee | 2 | $0 | |
Wilmont L Harris Jr Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,472 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,150 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,454 |
| Total Revenue | $25,076 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $6,368 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,301 |
| Total operating and administrative expenses | $37,569 |
| Contributions, gifts, grants paid | $200 |
| Total expenses and disbursements | $37,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,624 |
| Savings and temporary cash investments | $0 |
| 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 | $46,389 |
| Total assets | $73,232 |
| 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, Friends Of James Daugherty Foundation has awarded $43,025 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PRINCETON UNIVERSITY PURPOSE: TO MUSEUM | $11,400 |
HOUSATONIC MUSEUM OF ART PURPOSE: TO MUSEUM | $7,800 |
WESTPORT PUBLIC ART COLLECTION PURPOSE: TO MUSEUM | $12,825 |
UNIVERSITY OF ST JOSEPH ART MUSEUM PURPOSE: TO MUSEUM | $11,000 |