R C Durr Foundation Inc
- Assets
- $85.9m
- Revenue
- $4.4m
- Investments
- $76.3m
- Employees
- 0
- Location
- Covington, KY
- Founding
- 11/1993
- Data as of
- 12/2022
- EIN
- 61-1249998
Organization Overview
R C Durr Foundation Inc is located in Covington, KY. The organization was established in 1993. 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. R C Durr 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 12/2022, R C Durr Foundation Inc generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $6.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, R C Durr Foundation Inc has awarded 504 individual grants totaling $27,681,360. 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 |
|---|---|---|---|
Wilbert L Ziegler President | 10 | $162,500 | |
Robert C Ziegler Secretary | 1 | $15,000 | |
Robert W Zapp Vice President | 1 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $2,348,278 |
| Net Rental Income | $53,061 |
| Net Gain on Sale of Assets | $1,980,178 |
| Capital Gain Net Income | $1,980,178 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,400,322 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $186,500 |
| Other employee salaries and wages | $66,468 |
| Pension plans, employee benefits | $2,048 |
| Interest | $0 |
| Taxes | $151,181 |
| Depreciation | $5,062 |
| Occupancy | $28,849 |
| Travel, conferences, and meetings | $767 |
| Printing and publications | $0 |
| Other expenses | $10,589 |
| Total operating and administrative expenses | $741,538 |
| Contributions, gifts, grants paid | $5,930,135 |
| Total expenses and disbursements | $6,671,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $727,172 |
| Savings and temporary cash investments | $5,080,717 |
| 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 | $3,728,704 |
| Investments—mortgage loans | $0 |
| Investments—other | $90,000 |
| Net Land, buildings, and equipment | $2,785 |
| Other assets | $0 |
| Total assets | $85,866,236 |
| 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, R C Durr Foundation Inc has awarded $5,930,135 in support to 132 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION MINISTRIES INC PURPOSE: GENERAL SUPPORT | $11,000 |
ARTSWAVE PURPOSE: GENERAL SUPPORT | $5,000 |
BAKER-HUNT FOUNDATION INC PURPOSE: GENERAL SUPPORT | $5,000 |
AUGUSTA INDEPENDENT SCHOOLS PURPOSE: GENERAL SUPPORT | $8,000 |
BAWAC INC PURPOSE: GENERAL SUPPORT | $5,000 |
BE CONCERNED INC PURPOSE: GENERAL SUPPORT | $65,000 |