Richard W And Phyllis B Duesenberg Foundation
- Assets
- $15.4m
- Revenue
- $3.6m
- Investments
- $11.9m
- Employees
- 0
- Location
- Clayton, MO
- Founding
- 10/1989
- Data as of
- 12/2023
- EIN
- 43-1526439
Organization Overview
Richard W And Phyllis B Duesenberg Foundation is located in Clayton, MO. The organization was established in 1989. 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. Richard W And Phyllis B Duesenberg 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, Richard W And Phyllis B Duesenberg Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.5% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard W Duesenberg Trustee | 6 | $0 | |
Mark Duesenberg Trustee | 1 | $0 | |
David Duesenberg Trustee | 1 | $0 | |
Darryl Duesenberg Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,048,484 |
| Interest on Savings | $0 |
| Dividends & Interest | $552,181 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,842 |
| Capital Gain Net Income | $7,842 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,608,507 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,840 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $118,924 |
| Contributions, gifts, grants paid | $1,146,299 |
| Total expenses and disbursements | $1,265,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,538,192 |
| 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 | $15,443,668 |
| 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, Richard W And Phyllis B Duesenberg Foundation has awarded $150,473 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VALPARAISO UNIVERSITY PURPOSE: FRENCH CHAIR | $135,473 |
OPERA THEATRE OF ST LOUIS PURPOSE: GENERAL OPERATIONS | $5,000 |
LUTHERAN MUSIC PROGRAM PURPOSE: GENERAL OPERATIONS | $10,000 |