Durfee Foundation
- Assets
- $56.1m
- Revenue
- $2.1m
- Investments
- $54.5m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2001
- Data as of
- 12/2023
- EIN
- 95-4856207
Organization Overview
Durfee Foundation is located in Los Angeles, CA. The organization was established in 2001. 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. Durfee 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, Durfee Foundation generated $2.1m 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 (4.0%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Durfee Foundation has awarded 466 individual grants totaling $17,306,489. 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
LARK AWARDS - WELLNESS COACH FOR GUIDANCE AND FACILITATION, AND ACCESS TO CONVENINGS FOR WELLBEING CHECK-INS AND CONTINUED SUPPORT OF STAFF AT SMALL COMMUNITY-CENTERED ORGANIZATIONS.
SABBATICAL - RETREAT, FACILITATOR FEES, AND AWARD CEREMONY.
ALL PROGRAMS PROFESSIONAL FUND - UNDERWRITE FELLOWS PARTICIPATION IN TRAININGS AND CONFERENCES. ALSO, HIRING RETREAT FACILITATORS, ENGAGING BOARD CONSULTANTS, ETC.
STANTON FELLOWSHIP - RETREAT, QUARTERLY MEETINGS, PROGRAM EVALUATION, AND AWARDS CEREMONY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline D Avery President | 32 | $140,446 | |
Theodore Avery Vice President | 2 | $5,000 | |
Diana Mckee Secretary | 2 | $5,000 | |
Halina Avery Treasurer | 2 | $5,000 | |
Nike Irvin Trustee | 2 | $5,000 | |
Leslie Ito Trustee | 2 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,321 |
| Interest on Savings | $1,167 |
| Dividends & Interest | $266,965 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $896,394 |
| Capital Gain Net Income | $890,852 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $908,292 |
| Total Revenue | $2,078,139 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $611,292 |
| Other employee salaries and wages | $317,059 |
| Pension plans, employee benefits | $187,372 |
| Interest | $0 |
| Taxes | $117,146 |
| Depreciation | $15,385 |
| Occupancy | $73,713 |
| Travel, conferences, and meetings | $48,170 |
| Printing and publications | $0 |
| Other expenses | $502,436 |
| Total operating and administrative expenses | $2,191,239 |
| Contributions, gifts, grants paid | $1,346,536 |
| Total expenses and disbursements | $3,537,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,166 |
| Savings and temporary cash investments | $1,282,038 |
| 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 | $72,210 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $40,456,926 |
| Net Land, buildings, and equipment | $76,696 |
| Other assets | $115,061 |
| Total assets | $56,135,321 |
| Accounts payable and accrued expenses | $163,975 |
| Grants payable | $1,129,097 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $207,915 |
| Total liabilities | $1,500,987 |
Grants Awarded
Over the last fiscal year, Durfee Foundation has awarded $2,346,537 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIES FOR EVERY CHILD PURPOSE: SABBATICAL GRANT | $25,000 |
AMITY FOUNDATION PURPOSE: STANTON FELLOWSHIP | $72,500 |
CALIFORNIA ASSOCIATION OF NONPROFITS PURPOSE: GENERAL OPERATING | $16,200 |
CALIFORNIA COMMUNITY FOUNDATION PURPOSE: NONPROFIT SUSTAINABILITY INITIATIVE | $100,000 |
CENTER FOR NONPROFIT MANAGEMENT PURPOSE: GENERAL OPERATING | $16,200 |
COALITION TO ABOLISH SLAVERY & TRAFFICKING PURPOSE: STANTON FELLOWSHIP | $63,729 |