Joseph Durda Foundation
- Assets
- $904.6k
- Revenue
- $45.0k
- Investments
- $860.3k
- Employees
- 0
- Location
- Excelsior, MN
- Founding
- 01/1991
- Data as of
- 12/2022
- EIN
- 41-1672558
Organization Overview
Joseph Durda Foundation is located in Excelsior, MN. The organization was established in 1991. 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. Joseph Durda 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, Joseph Durda Foundation generated $45.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $63.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Joseph Durda Foundation has awarded 49 individual grants totaling $166,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miles J Cohen Director Emeritus | 2 | $500 | |
Cheri Durda Cohen President/director | 2 | $500 | |
Rev Peg Durda Knapp Vice President/grant Revie | 2 | $0 | |
Brian J Cohen Corporate Secretary/direct | 10 | $1,000 | |
Christopher J Cohen Director/grant Review | 2 | $500 | |
David M Durda Non-Voting Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,771 |
| Dividends & Interest | $6,876 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,327 |
| Capital Gain Net Income | $28,327 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,974 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $920 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,451 |
| Total operating and administrative expenses | $29,949 |
| Contributions, gifts, grants paid | $34,000 |
| Total expenses and disbursements | $63,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,314 |
| 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 | $0 |
| Total assets | $904,566 |
| 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, Joseph Durda Foundation has awarded $34,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GILLETTE CHILDREN'S HOSPITAL PURPOSE: TO PROVIDE GENERAL OPERATING/PROGRAM SUPPORT FUNDS. | $2,000 |
ARC OF GREATER TWIN CITIES MINNESOTA PURPOSE: TO PROVIDE GENERAL OPERATING/PROGRAM SUPPORT FUNDS. | $1,000 |
CRESCENT COVE PURPOSE: TO PROVIDE GENERAL OPERATING/PROGRAM SUPPORT FUNDS | $2,000 |
LIVING WELL DISABILITY SERVICES PURPOSE: SUPPORT FOR GROUP HOME FOR THE MENTALLY CHALLENGED AND PHYSICALLY DISABLED | $20,000 |
MAJESTIC HILLS RANCH PURPOSE: TO PROVIDE GENERAL OPERATING/PROGRAM SUPPORT FUNDS. | $1,000 |
MINNEAPOLIS HEART INSTITUTE FOUNDATION PURPOSE: SUPPORT FOR CARDIO/HEART RESEARCH | $2,000 |