H W Durham Foundation
- Assets
- $10.9m
- Revenue
- $906.5k
- Investments
- $10.2m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 04/1958
- Data as of
- 12/2022
- EIN
- 62-0583854
Organization Overview
H W Durham Foundation is located in Memphis, TN. The organization was established in 1958. 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. H W Durham 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, H W Durham Foundation generated $906.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $711.0k during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 7 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.
Since 2016, H W Durham Foundation has awarded 126 individual grants totaling $2,354,855. 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 |
|---|---|---|---|
Christopher Cooper Executive Di | 40 | $123,111 | |
Jenks E Mccrory President | 40 | $78,655 | |
John B Coleman Jr Vice Preside | 1 | $0 | |
Kaye D Brooksbank Secretary | 1 | $0 | |
Justin Taylor Treasurer | 1 | $0 | |
Frank Carney Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $142,893 |
| Dividends & Interest | $165,583 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $597,990 |
| Capital Gain Net Income | $597,990 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $906,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $201,766 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $37,844 |
| Interest | $0 |
| Taxes | $18,269 |
| Depreciation | $1,152 |
| Occupancy | $18,964 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $69,527 |
| Total operating and administrative expenses | $430,781 |
| Contributions, gifts, grants paid | $280,184 |
| Total expenses and disbursements | $710,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,364 |
| Savings and temporary cash investments | $584,233 |
| 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 | $13,209 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $645,739 |
| Net Land, buildings, and equipment | $3,839 |
| Other assets | $0 |
| Total assets | $10,858,491 |
| Accounts payable and accrued expenses | $3,421 |
| 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 | $3,421 |
Grants Awarded
Over the last fiscal year, H W Durham Foundation has awarded $280,184 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH HEALTH CENTER PURPOSE: MEDICAL CARE FOR SENIORS | $10,500 |
COMMUNITY LEGAL CENTER PURPOSE: LEGAL SERVICES | $15,887 |
CREATIVE AGING PURPOSE: SENIOR ARTS PERFORMANCE | $51,210 |
MEMPHIS THEOLOGICAL SEMINARY PURPOSE: EXEMPT PUROSE OF ORG | $5,000 |
MIFA PURPOSE: COMPUTERIZING MEALS-ON-WHEELS | $30,000 |
HOME FOR HEARTS PURPOSE: HOUSING SERVICES | $80,000 |