Demund Foundation
- Assets
- $1.0m
- Revenue
- $59.4k
- Investments
- $1.0m
- Employees
- 0
- Location
- Woodstock, GA
- Founding
- 12/1948
- Data as of
- 12/2023
- EIN
- 86-6052388
Organization Overview
Demund Foundation is located in Woodstock, GA. The organization was established in 1948. 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. Demund 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, Demund Foundation generated $59.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $91.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Demund Foundation has awarded 21 individual grants totaling $388,105. 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 |
|---|---|---|---|
Erin Demund Director | 4 | $5,000 | |
Laurie Clarke Director | 4 | $0 | |
Stephen Clarke President | 4 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,628 |
| Dividends & Interest | $21,195 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,952 |
| Capital Gain Net Income | $17,862 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,584 |
| Total Revenue | $59,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $208 |
| Depreciation | $265 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $393 |
| Printing and publications | $0 |
| Other expenses | $2,950 |
| Total operating and administrative expenses | $26,166 |
| Contributions, gifts, grants paid | $65,060 |
| Total expenses and disbursements | $91,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,029 |
| 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 | $791,833 |
| Net Land, buildings, and equipment | $1,569 |
| Other assets | $0 |
| Total assets | $1,048,393 |
| 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, Demund Foundation has awarded $65,060 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ALBRIGHT COLLEGE PURPOSE: GENERAL | $11,000 |
NORTHERN ARIZONA UNIVERSITY PURPOSE: GENERAL | $30,000 |
THE UNIVERSITY OF ARIZONA PURPOSE: GENERAL | $15,000 |
MARICOPA COMMUNITY COLLEGES FOUNDAT PURPOSE: GENERAL | $4,000 |
CAPTAIN JAMES CORRIGAN FOUNDATION PURPOSE: GENERAL | $5,060 |