Keith And Luann Driscoll Foundation
- Assets
- $1.4m
- Revenue
- $547.1k
- Investments
- $1.4m
- Employees
- 0
- Location
- Cornelius, NC
- Founding
- Data as of
- 12/2022
- EIN
- 85-3203350
Organization Overview
Keith And Luann Driscoll Foundation is located in Cornelius, NC. 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. Keith And Luann Driscoll 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, Keith And Luann Driscoll Foundation generated $547.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.5%) each year. All expenses for the organization totaled $94.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Keith And Luann Driscoll Foundation has awarded 14 individual grants totaling $225,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED FOR THE FOLLOWING PURPOSES: RELIGIOUS, CHARITABLE, EDUCATIONAL, SCIENTIFIC AND LITERARY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith D Driscoll President | 0 | $0 | |
Lu Ann Driscoll Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $416,628 |
| Interest on Savings | $12 |
| Dividends & Interest | $31,334 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $99,175 |
| Capital Gain Net Income | $9,885 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $547,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $431 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,766 |
| Contributions, gifts, grants paid | $90,000 |
| Total expenses and disbursements | $94,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,559 |
| 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 | $1,433,840 |
| 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, Keith And Luann Driscoll Foundation has awarded $90,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKSTONE SCHOOLS PURPOSE: CHARITABLE | $7,500 |
ELCA WORLD HUNGER RELIEF PURPOSE: CHARITABLE | $20,000 |
ANSWER SCHOLARSHIP PURPOSE: CHARITABLE | $40,000 |
BLUE RIDGE CONSERVANCY PURPOSE: CHARITABLE | $10,000 |
CRISIS ASSISTANCE MINISTRY PURPOSE: CHARITABLE | $10,000 |
NORTH MECKLENBURG WOMEN'S CLUB PURPOSE: CHARITABLE | $2,500 |