Didriksen Foundation Inc is located in New Orleans, LA. The organization was established in 2019. 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. Didriksen 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 12/2023, Didriksen Foundation Inc generated $102.4k in total revenue. All expenses for the organization totaled $100.0k during the year ending 12/2023. While expenses have increased by 134.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
NA
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Caleb H Didriksen Director | 1 | $500 | |
Eliza Didriksen Director | 1 | $500 | |
Luke Didriksen Director | 1 | $500 | |
Severin Didriksen Director | 1 | $500 | |
Erin Saucier Director | 1 | $500 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $45,592 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $56,805 |
Capital Gain Net Income | $56,805 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $102,397 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $2,500 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $417 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $32,101 |
Total operating and administrative expenses | $35,018 |
Contributions, gifts, grants paid | $65,000 |
Total expenses and disbursements | $100,018 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,588 |
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 | $1,657 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $1,512,555 |
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 | $4,313 |
Total liabilities | $4,313 |
Over the last fiscal year, Didriksen Foundation Inc has awarded $65,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
HARCH HYPERBARIC INSTITUTE PURPOSE: SPECIFIC RESEARCH GRANT | $20,000 |
DR BRAIN RESEARCH FOUNDATION PURPOSE: SPECIFIC RESEARCH GRANT | $45,000 |