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Duncaster Foundation INC FY2023 filing

Tax-deductible

Bloomfield, CT501(c)(3)UnclassifiedEIN 06-1406263

Providing support to duncaster, INC. For the operations and purchase of supplies and equipment.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $187K a year · 18% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $22K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$669K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$578K
-48% vs prior year
Spent
$1.2M
To programs
90%
Net assets
$23.1M
By yearFY2020–FY2024
Revenue
$578K
FY2023▼ -48%
Revenue by fiscal year
FY2020$843K
FY2021$2.0M
FY2022$1.1M
FY2023$578K
FY2024$789K
Expenses
$1.2M
FY2023▲ +7%
Expenses by fiscal year
FY2020$972K
FY2021$1.3M
FY2022$1.1M
FY2023$1.2M
FY2024$1.7M
Net assets
$23.1M
FY2023▲ +10%
Net assets by fiscal year
FY2020$23.7M
FY2021$25.9M
FY2022$21.0M
FY2023$23.1M
FY2024$24.1M

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.1M Fundraising 10% · $115K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Kelly Papa
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Herberrt Hershenson
Secretary/Treasurer
$0Pt VII · Sec A
Frank Barrett
Board Member
$0Pt VII · Sec A
Brian Clemow
Board Member
$0Pt VII · Sec A
Robert Goode
Board Member
$0Pt VII · Sec A
Dale Richter
Board Member
$0Pt VII · Sec A
Dr Marie M Spivey
Board Member
$0Pt VII · Sec A
See Duncaster Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds operations and supplies for Duncaster.

Provided by the organization

This section is blank until Duncaster Foundation INC claims this page.

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1 program service account for $1.1M of program spending, described in the organization's own filed words · FY2023.
01

The duncaster foundation, inc. Provides support to duncaster, inc. Through the transfer of endowment income, for the general operations and purchase of supplies and equipment for the organization. Duncaster inc. Is also exempt under 501(c)(3).

$1.1Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Roxanne W Beardsley Charitable TrustFY2024$19K
Shulansky Foundation IncorporatedFY2024$3K
Total grants receivedfrom 2 funders$22K
Grants paid · 4 grants · $1.1M · 2022–2024
Duncaster IncorporatedCT · FY2024$1,037,827
Unitemized GrantFY2024$17,335
Unitemized GrantFY2023$30,958
Unitemized GrantFY2022$23,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$578K
Ln 12
Investment incomeLn 3$416K
Gifts and grantsLn 1h$162K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Fundraisingcol D$115K
Owns and owesPt X
$23.1M
net assets · Ln 32
Cash and savingsLn 1–2$65K
Total assetsLn 16$23.7M
LiabilitiesLn 26$669K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$162K
Noncash giftsLn 1g$40K
Investment incomeLn 3$416K
Gains on assetsLn 7−$26K
Total revenueLn 12$578K
Assets in detailPt X, end of year
CashLn 1$65K
Cash and savings togetherLn 1–2$65K
InvestmentsLn 11–13$22.2M
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$23.7M
LiabilitiesLn 26$669K
Net assetsLn 32$23.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$51K$65K
InvestmentsLn 11–13$20.0M$22.2M
Land, buildings, equipmentLn 10c$1.4M$1.4M
Total assetsLn 16$21.4M$23.7M
LiabilitiesLn 26$473K$669K
Net assetsLn 32$21.0M$23.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$31K$31K
Other salaries and wagesLn 7$115K$115K
Other fees for servicesLn 11g$22K$22K
Payments to affiliatesLn 21$763K$763K
Other expenses (24a–d)Ln 24$254K$254K
Total functional expensesLn 25$1.2M$1.1M$0$115K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $789K$1.7M−$873K$24.1M 990 PDF
FY2023 Viewing $578K$1.2M−$605K$23.1M 990 PDF
FY2022 $1.1M$1.1M$9K$21.0M 990 PDF
FY2021 $2.0M$1.3M$662K$25.9M 990 PDF
FY2020 $843K$972K−$129K$23.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $578,022 across 6 lines filed
VIII-1f All other contributions, gifts and grants$162,336
VIII-1g Noncash contributions (included above)$39,976
VIII-1h Total contributions, gifts and grants$162,336
VIII-3 Investment incomeExcluded from tax $441,424$441,424
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$25,738−$25,738
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $415,686$578,022
Part IX · Statement of functional expenses $1,183,144 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $30,958$30,958
IX-7 Other salaries and wagesFundraising $114,581$114,581
IX-11g Other fees for servicesPrograms $21,500$21,500
IX-21 Payments to affiliatesPrograms $762,535$762,535
IX-24 Other expenses (24a–d)Programs $253,570$253,570
IX-25 Total functional expensesPrograms $1,068,563 · Management $0 · Fundraising $114,581$1,183,144
Part X · Balance sheet $23,728,498 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $50,921$65,093
X-3 Pledges and grants receivableStart of year $24,999$24,999
X-10c Land, buildings and equipment, netStart of year $1,398,748$1,398,748
X-11 Publicly traded securitiesStart of year $19,959,820$22,239,658
X-16 Total assetsStart of year $21,434,488$23,728,498
X-18 Grants payableStart of year $473,176$668,935
X-26 Total liabilitiesStart of year $473,176$668,935
X-27 Net assets without donor restrictionsStart of year −$30,611−$128,138
X-28 Net assets with donor restrictionsStart of year $20,991,923$23,187,701
X-32 Total net assets or fund balancesStart of year $20,961,312$23,059,563
X-33 Total liabilities and net assetsStart of year $21,434,488$23,728,498
Part XI · Reconciliation of net assets $23,059,563 net assets at year end
XI-1 Total revenue$578,022
XI-2 Total expenses$1,183,144
XI-3 Revenue less expenses−$605,122
XI-4 Net assets at start of year$20,961,312
XI-5 Net unrealized gains (losses) on investments$2,703,373
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$23,059,563

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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