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Double Eagle Foundation EIN 25-6875219 Form 990 (PDF) Claim this org

Double Eagle Foundation

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A private foundation based in Philadelphia, PA. It reported about $825K in revenue for 2024. For fiscal year 2025 it reported $825K in revenue, $616K in expenses, and $6.2M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Philadelphia, PA
Filings
6 on file (2020–2025)
Revenue
$825KFY2025
Expenses
$616K
Net assets
$6.2M
People
2
Filings
6
Updates
0
More identity details & actions ⌄
EIN  25-6875219 Private foundation / grantmaker Philadelphia, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Philadelphia, PA. It reported about $825K in revenue for 2024.
Leadership
Raymond John Wean III · Chairman
Money in and out
$825K revenue, $616K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$825K
Pt VIII · Ln 12
Total expenses
$616K
Pt IX · Ln 25
Net assets
$6.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $210K
Total assets
6.2M
deployed as grants and operations
Grants paid
568K
in FY2025
Grants made
90grants
total in period
Payout rate
9%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 90 grants · $568K · 2024–2024
The Holton Arms SchoolMD · FY2024$72,500
Shady Side AcademyPA · FY2024$55,000
Converse CollegeFY2024$40,000
Church of the Good ShepherdFY2024$35,000
Trustees of the Lawrenceville SchoolNJ · FY2024$27,500
The George Washington UniversityVA · FY2024$26,500
The Neighborhood AcademyFY2024$26,000
Carnegie Science Center CarnegieFY2024$25,000
Pittsburgh PromiseFY2024$25,000
Carnegie Museums of PittsburghFY2024$25,000
Village Green INCCO · FY2024$21,000
Wooster School CorporationCT · FY2024$20,000
Planned Parenthood of WpaFY2024$13,637
Allegheny Rivertrail ParkFY2024$11,000
The Ellis SchoolPA · FY2024$11,000
The Frick PittsburghFY2024$10,500
Cooper-Siegel Community LibraryFY2024$10,300
Episcopal Relief and DevelopmentNY · FY2024$10,000
See all 90 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV43
Average grantPart XV$6K
Median grantPart XV$1K
Largest grantPart XV$72K
Top cause focusNTEEEducation (12%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$825K
FY2025▲ +118%
Expenses
$616K
FY2025▲ +2%
Total assets
$6.2M
FY2025▲ +3%
Total liabilities
$0
FY2025
Total revenue
$825K
Pt VIII · Ln 12
Total expenses
$616K
Pt IX · Ln 25
Net assets
$6.2M
Pt X · Ln 32
Total assetsPt II$6.2M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDouble Eagle Foundation
EINHdr · item D25-6875219
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFDec 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Susanne Wean
Secretary/Treasurer
$0Pt VII · Sec A
See Double Eagle Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$783K · 95%
Other revenue$42K · 5%
Investment income95%$783K
Other revenue5%$42K
Total revenueLn 12$825K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.92 Operating & administrative $0.08
Grants & contributions paid92%$568K
Operating & administrative8%$48K
Total functional expensesLn 25$616K

Balance Sheet

Part X · end of year
CashLn 1$128K
Total assetsLn 16$6.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$6.2M
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $6.2M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $825K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $825K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $825K · Prior year $379K
+118%
Revenue CAGR
FY2019 $389K · FY2024 $825K
+16%
Net-asset trend (YoY)
End of year $6.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $825K · Expenses $616K
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $6.2M
—
Net-asset ratio
Net assets $6.2M · Total assets $6.2M
100%
People & payroll
Highest Reported Total Compensation
Individual Raymond John Wean III · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $616K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 118%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$825K revenue · viewing · ⤓ 990 PDF
FY2024$379K revenue · ⤓ 990 PDF
FY2023$515K revenue · ⤓ 990 PDF
FY2022$868K revenue · ⤓ 990 PDF
FY2021$268K revenue · ⤓ 990 PDF
FY2020$389K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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