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Nonprofit · EIN 38-2908719

DUFFY FOUNDATION

Tax-exempt · ANN ARBOR, MI 48104

Financials

$4.7M$7.7M2023$13.7M$18.4M2024
Revenue Expenses · by fiscal year end
Financials of DUFFY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$13,739,879$18,389,840-$4,649,961$7,398,513$0$7,398,513
December 31, 2023990-PF$4,688,313$7,748,400-$3,060,087$12,048,474$0$12,048,474
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$680,928
Interest
$1,536
Net gain from sales of assets
$13,057,415

Expenses

Grants and similar amounts paid
$18,219,173
Compensation of officers, directors and key employees
$30,000
Disbursements for charitable purposes
$18,266,849
Excise tax on investment income
$190,317

Balance sheet and other

Total assets, start of year
$12,048,474
Total assets, end of year
$7,398,513
Total liabilities, end of year
$0
Net assets, end of year
$7,398,513
Fair market value of assets
$28,211,071
Qualifying distributions
$18,266,849
Net investment income
$13,739,879

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ERIK SERR
101 N MAIN ST 7TH FLOOR, ANN ARBOR, MI 48104
SECRETARY10$30,000
ANDREA HOLMES
101 N MAIN ST 7TH FLOOR, ANN ARBOR, MI 48104
PRESIDENT/TREASURER/DIRECT20$0
KATHRYN HOLMES
101 N MAIN ST 7TH FLOOR, ANN ARBOR, MI 48104
VICE PRESIDENT/DIRECTOR4$0
CHRISTINE HOLMES
101 N MAIN ST 7TH FLOOR, ANN ARBOR, MI 48104
VICE PRESIDENT/DIRECTOR4$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
ERIK SERR
101 N MAIN ST 7TH FLOOR, ANN ARBOR, MI 48104
SECRETARY10$30,000
ANDREA HOLMES
101 N MAIN ST 7TH FLOOR, ANN ARBOR, MI 48104
PRESIDENT/TREASURER/DIRECT20$0
KATHRYN HOLMES
101 N MAIN ST 7TH FLOOR, ANN ARBOR, MI 48104
VICE PRESIDENT/DIRECTOR4$0
CHRISTINE HOLMES
101 N MAIN ST 7TH FLOOR, ANN ARBOR, MI 48104
VICE PRESIDENT/DIRECTOR4$0

Address and contacts

Address (IRS master file)
101 N MAIN STREET 7TH FLOOR, ANN ARBOR, MI 48104-5507
In care of
% ERIK H SERR
Signed the 990-PF
ERIK H SERR, SECRETARY
Phone
(734) 663-2445
Return prepared by
DEANGELIS TAX & ACCOUNTING LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
38-2908719
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1990
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$7,398,513
Income (IRS master file)
$19,348,025

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$13,739,879$18,389,840$7,398,513XML
990-PFDecember 2023$4,688,313$7,748,400$12,048,474XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-2908719).

Questions about DUFFY FOUNDATION

What is the EIN of DUFFY FOUNDATION?
The employer identification number (EIN) of DUFFY FOUNDATION is 38-2908719.
Is DUFFY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to DUFFY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does DUFFY FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of DUFFY FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DUFFY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of DUFFY FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $30,000 (ERIK SERR, SECRETARY).
How much revenue does DUFFY FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $13,739,879, expenses of $18,389,840 and total assets of $7,398,513 at year end.

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