Douglas And Elizabeth Durand Family Foundation Inc
Douglas And Elizabeth Durand Family Foundation Inc consistently spends more than its revenue, depleting assets.
EIN: 202031263 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $72K |
| Total Expenses | $13K |
| Program Spending | 80% |
| Net Assets | $23K |
| Transparency Score | 60/100 |
Is Douglas And Elizabeth Durand Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Douglas And Elizabeth Durand Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Douglas And Elizabeth Durand Family Foundation Inc
Douglas And Elizabeth Durand Family Foundation Inc (EIN: 202031263) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $72K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Douglas And Elizabeth Durand Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Douglas And Elizabeth Durand Family Foundation Inc is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $13K |
| Surplus / Deficit | $-11,918 |
| Total Assets | $23K |
| Total Liabilities | $1 |
| Net Assets | $23K |
| Operating Margin | -850.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 21.2 months |
Financial Health Grade: B
In 2023, Douglas And Elizabeth Durand Family Foundation Inc reported a deficit of $12K with expenses exceeding revenue, holds 21.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Douglas And Elizabeth Durand Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.0% | +15.5% | -33.7% |
| 2022 | -75.8% | -63.7% | -19.6% |
| 2021 | +752.7% | +102.5% | -30.9% |
| 2020 | -64.9% | -39.3% | -18.3% |
| 2019 | -87.8% | -45.9% | -60.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Douglas And Elizabeth Durand Family Foundation Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Douglas And Elizabeth Durand Family Foundation Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or directors receive salaries from the foundation, which is highly favorable for a small organization of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Douglas And Elizabeth Durand Family Foundation Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue)
- Significant and continuous decline in assets over time (from $196,871 in 2011 to $23,490 in 2023)
- Low current assets relative to historical levels, raising sustainability concerns
Strengths
The following positive indicators were identified for Douglas And Elizabeth Durand Family Foundation Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership
- Minimal liabilities ($1 consistently reported), suggesting no significant debt burden
- Consistent filing of IRS 990 forms, demonstrating transparency in reporting
Frequently Asked Questions about Douglas And Elizabeth Durand Family Foundation Inc
Is Douglas And Elizabeth Durand Family Foundation Inc a legitimate charity?
Douglas And Elizabeth Durand Family Foundation Inc (EIN: 202031263) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $72K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Douglas And Elizabeth Durand Family Foundation Inc spend its money?
Douglas And Elizabeth Durand Family Foundation Inc directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Douglas And Elizabeth Durand Family Foundation Inc tax-deductible?
Douglas And Elizabeth Durand Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202031263). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Douglas And Elizabeth Durand Family Foundation Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Douglas And Elizabeth Durand Family Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Douglas And Elizabeth Durand Family Foundation Inc located?
Douglas And Elizabeth Durand Family Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 202031263. It is classified under NTEE code T22.
How many years of IRS 990 filings does Douglas And Elizabeth Durand Family Foundation Inc have?
Douglas And Elizabeth Durand Family Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $72K in total revenue.
What are the specific program activities funded by the foundation?
The provided data does not detail specific program activities. Further investigation into the full 990 forms would be required to understand how the expenses are allocated to mission-related programs.
What is the long-term financial strategy given the consistent asset depletion?
The consistent decline in assets suggests the foundation may be operating on a spend-down model or is not actively seeking to grow its endowment. Without additional information, the long-term strategy is unclear.
Does the foundation engage in any fundraising activities?
Given the low and fluctuating revenue, and the nature of a family foundation, it is unlikely that significant public fundraising activities are undertaken. The revenue likely comes from investment returns or contributions from the founding family.
Filing History
IRS 990 filing history for Douglas And Elizabeth Durand Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Douglas And Elizabeth Durand Family Foundation Inc's revenue has declined by 83%, moving from $8K to $1K. Total assets decreased by 88.1% over the same period, from $197K to $23K. Total functional expenses fell by 19%, from $16K to $13K. In its most recent filing year (2023), Douglas And Elizabeth Durand Family Foundation Inc reported a deficit of $12K, with expenses exceeding revenue. The organization holds $1 in liabilities against $23K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $23K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $13K | $23K | $1 | — | — |
| 2022 | $3K | $12K | $35K | $1 | — | — |
| 2021 | $12K | $32K | $44K | $1 | — | — |
| 2020 | $1K | $16K | $64K | $1 | — | — |
| 2019 | $4K | $26K | $78K | $1 | — | View 990 |
| 2015 | $33K | $48K | $197K | $1 | — | View 990 |
| 2014 | $60K | $23K | $211K | $1 | — | View 990 |
| 2013 | $21K | $32K | $175K | $1 | — | View 990 |
| 2012 | $4K | $16K | $185K | $1 | — | View 990 |
| 2011 | $8K | $16K | $197K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1K, expenses of $13K, and assets of $23K (revenue -52.0% year-over-year).
- 2022: Revenue of $3K, expenses of $12K, and assets of $35K (revenue -75.8% year-over-year).
- 2021: Revenue of $12K, expenses of $32K, and assets of $44K (revenue +752.7% year-over-year).
- 2020: Revenue of $1K, expenses of $16K, and assets of $64K (revenue -64.9% year-over-year).
- 2019: Revenue of $4K, expenses of $26K, and assets of $78K (revenue -87.8% year-over-year).
- 2015: Revenue of $33K, expenses of $48K, and assets of $197K (revenue -44.3% year-over-year).
- 2014: Revenue of $60K, expenses of $23K, and assets of $211K (revenue +181.0% year-over-year).
- 2013: Revenue of $21K, expenses of $32K, and assets of $175K (revenue +415.0% year-over-year).
- 2012: Revenue of $4K, expenses of $16K, and assets of $185K (revenue -50.2% year-over-year).
- 2011: Revenue of $8K, expenses of $16K, and assets of $197K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Douglas And Elizabeth Durand Family Foundation Inc:
Data Sources and Methodology
This transparency report for Douglas And Elizabeth Durand Family Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.