Skip to content
Nonprofiteer
← DURANT FAMILY CHARITABLE FOUNDATION

Form 990 for tax year 2022

Filed by DURANT FAMILY CHARITABLE FOUNDATION.

Totals

Total revenue
$2,468,362
Total expenses
$1,614,988
Contributions and grants received
$1,174,423
Grants paid
$352,600
Program service revenue
$1,211,128
Investment income
$0
Other revenue
$82,811
Total assets, end of year
$756,059
Total liabilities, end of year
$4,668,651
Net assets or fund balances, end of year
-$3,912,592
Program services expenses (Part IX)
$1,294,634
Management and general expenses
$320,354
Fundraising expenses
$0
Program service expenses (Part III)
$1,294,634

Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $4,423

  • 1f · All other contributions, gifts and grants

    $1,170,000

  • 2a · Program service revenue: COLLEGE TRACK

    total $500,000 · related or exempt $500,000

  • 2b · Program service revenue: TEAM DURANT

    total $711,128 · related or exempt $711,128

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: IN-KIND REVENUE

    total $82,811 · related or exempt $82,811

  • 11e · Other revenue, total

    $82,811

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $352,600 · program services $352,600

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $7,778 · program services $1,750 · management and general $6,028

  • 12 · Advertising and promotion

    total $15,751 · program services $15,000 · management and general $751

  • 13 · Office expenses

    total $65,793 · management and general $65,793

  • 14 · Information technology

    total $8,868 · management and general $8,868

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $82,694 · management and general $82,694

  • 17 · Travel

    total $2,873 · program services $54 · management and general $2,819

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $91,994 · management and general $91,994

  • 23 · Insurance

    total $0

  • 24a · Other expenses: TEAM DURANT EXPENSES

    total $893,188 · program services $893,188

  • 24b · Other expenses: ENTERTAINMENT

    total $24,797 · management and general $24,797

  • 24c · Other expenses: MEETINGS

    total $1,448 · management and general $1,448

  • 24d · Other expenses: BANK FEES

    total $3,751 · program services $2,111 · management and general $1,640

  • 24e · All other expenses

    total $63,453 · program services $29,931 · management and general $33,522

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $357,721 · end of year $116,034

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $222,640

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $509,379

  • 10b · Land, buildings and equipment: accumulated depreciation

    $91,994

  • 10c · Land, buildings and equipment, net

    beginning of year $369,533 · end of year $417,385

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $197,949 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $4,668,651

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $529,305 · end of year -$3,912,592

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO ENTICH THE LIVES OF AT-RISK YOUTH FROM AGES 6 TO 18 THROUGH EDUCTIONAL, ATHELTIC AND SOCIAL PROGRAM SUPPORT.

Activities or mission (Part I)

TO ENRICH THE LIVES OF AT-RISK YOUTH FROM AGES 6 TO 18 THROUGH EDUCTIONAL, ATHELTIC AND SOCIAL PROGRAM SUPPORT.

  • THE KEVIN DURANT CHARITY FOUNDATION PARTNERS WITH AND FUNDS COLLEGE TRACK, A RENOWNED COLLEGE COMPLETION PROGRAM THAT EMPOWERS STUDENTS FOUNDATION FROM UNDERSERVED COMMUNITIES TO GRADUATE FROM COLLEGE. COLLEGE TRACK ENABLES STUDENTS TO GRADUATE FROM COLLEGE THROUGH THE USE OF THE DURANT CENTER, A NEW STATE OF THE ART EDUCATIONAL FACILITY IN SUITLAND, MD. COLLEGE TRACK PROGRAM STUDENTS GRADUATE FROM COLLEGE AT A RATE THAT IS MORE THAN DOUBLE THE NATIONAL AVERAGE FOR LOW-INCOME AND FIRST GENERATION STUDENTS.

    Expenses $352,600 · Grants $148,380 · Revenue $500,000

  • TEAM DURANT YOUTH BASKETBALL: CREATED TO ENCOURAGE AND PROMOTE HIGH LEVEL YOUTH DEVELOPMENT BY PROVIDING EDUCATIONAL, ATHLETIC, AND PERSONAL GROWTH. TEAM DURANT FUNDS 18 BOYS AND GIRLS TEAMS.

    Expenses $893,188 · Revenue $711,128

  • BUILD IT AND THEY WILL BALL: AN ANNUAL PROGRAM THAT WORKS TO BUILD OR RENOVATE BASKETBALL COURTS AND MAKE THEM ACCESSIBLE TO UNDERPRIVILEGED YOUTH ACROSS THE UNITED STATES AND INTERNATIONALLY.

    Expenses $46,688

  • THANKSGIVING TURKEY DISTRIBUTION

    Expenses $2,158 · Grants $32,500

  • EMERGENCY RELIEF

    Grants $31,720

  • SOCIAL JUSTICE

    Grants $15,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Durant

    President

    Total calculated
    $0
    Hours/week
    1

  • Richard Kleiman

    Officer

    Total calculated
    $0
    Hours/week
    1

  • Howard Hujsa

    Officer

    Total calculated
    $0
    Hours/week
    1

  • Jose Mena

    Officer

    Total calculated
    $0
    Hours/week
    25

  • Wanda Durant

    Vice President

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202533219349318418

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.