DUNCASTER FOUNDATION INC

EIN: 061406263 501(c)(3) Unknown

BLOOMFIELD, CT

Total Revenue
$578,022
Total Expenses
$1,183,144
Total Assets
$23,728,498
Net Assets
$23,059,563
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
CT
Principal Officer
KELLY PAPA
Phone
8603805011
Tax Period
2023-01-01 to 2023-12-31

DUNCASTER FOUNDATION INC, founded in 1984, is a small nonprofit in the Unknown sector that reported $578K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 105% operating deficit.

Mission

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).

Program Service Accomplishments

Program 1
Expenses: $1,068,563 Revenue: $0

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...

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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).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $162,336
Program Service Revenue $0
Investment Income $415,686
Other Revenue $0
TOTAL REVENUE $578,022

Expense Breakdown

Grants Paid $30,958
Salaries & Benefits $114,581
Fundraising Expenses $114,581
Program Expenses $1,068,563
Other Expenses $1,037,605
TOTAL EXPENSES $1,183,144

Year-over-Year Comparison

2023 2022 Change
Revenue $578,022 $1,113,918 -0.5%
Expenses $1,183,144 $1,105,335 +0.1%
Net Income $-605,122 $8,583 -71.5%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
N/A
Volunteers
9

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$335,420
Total Directors
10
$335,420
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY PAPA EXECUTIVE DIRECTOR 2.00
Officer Director
$0 $46,900 $335,420
NANCY G DEAN CHAIR 2.00
Officer Director
$0 $0 $0
HERBERRT HERSHENSON SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
FRANK BARRETT BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN CLEMOW BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT GOODE BOARD MEMBER 1.00
Director
$0 $0 $0
DALE RICHTER BOARD MEMBER 1.00
Director
$0 $0 $0
DR MARIE M SPIVEY BOARD MEMBER 1.00
Director
$0 $0 $0
JOE SHIMAN BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS M WOOD BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $578,022 $1,183,144 $23,728,498 $-605,122
2022 $1,113,918 $1,105,335 $21,434,488 $8,583
2021 $1,953,542 $1,291,221 $26,315,703 $662,321
2020 $842,884 $971,578 $24,225,639 $-128,694
2019 $2,138,550 $856,982 $21,889,147 $1,281,568
2018 $1,569,513 $755,564 $17,693,750 $813,949
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