Deering Fam Foundation Inc
- Assets
- $1.4m
- Revenue
- $41.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Riderwood, MD
- Founding
- 01/2002
- Data as of
- 06/2023
- EIN
- 52-2357063
Organization Overview
Deering Fam Foundation Inc is located in Riderwood, MD. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Deering Fam 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 06/2023, Deering Fam Foundation Inc generated $41.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $112.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Deering Fam Foundation Inc has awarded 111 individual grants totaling $368,608. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Deloskey Treasurer | 1 | $2,000 | |
Alexa Mcculloch Secretary | 1 | $2,000 | |
Anne Lawrence Deering President | 2 | $5,251 | |
Mark M Deering Director | 0.5 | $800 | |
Meg Carlson Director | 0.5 | $800 | |
Clare Deloskey Director | 0.5 | $800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $44,199 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,169 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,030 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,451 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,736 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $806 |
| Printing and publications | $0 |
| Other expenses | $840 |
| Total operating and administrative expenses | $38,514 |
| Contributions, gifts, grants paid | $74,258 |
| Total expenses and disbursements | $112,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,448 |
| 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 | $1,338,582 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,390,030 |
| 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, Deering Fam Foundation Inc has awarded $74,258 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
CALVERT SCHOOL PURPOSE: SUPPORT EXEMPT PURPOSES | $1,008 |
BRYN MAWR SCHOOL PURPOSE: SUPPORT EXEMPT PURPOSES | $1,500 |
GARRISON FOREST SCHOOL PURPOSE: SUPPORT EXEMPT PURPOSES | $1,000 |
GILMAN SCHOOL PURPOSE: SUPPORT EXEMPT PURPOSES | $500 |
NATURAL RESOURCES DEFENSE COUNCIL PURPOSE: SUPPORT EXEMPT PURPOSES | $0 |
THE BOYS LATIN SCHOOL OF MD PURPOSE: SUPPORT EXEMPT PURPOSES | $2,000 |