Duffy Foundation

Ann Arbor, MI
Tax-exempt since April 1990
EIN: 38-2908719

Receive an email when new data is available for this organization.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$4.69M (2023)

Expenses

$7.75M (2023)

Total Assets

$12M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$4,688,313

Expenses

$7,748,400

Net Income

-$3,060,087

Net Assets

$12,048,474

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,747	0.2%
Dividends	$685,688	14.6%
Sales of Assets	$3,991,878	85.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,628,541	98.5%
Compensation of Officers*	$30,000	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,048,474
Total Liabilities	$0
Net Assets	$12,048,474

Compensation

Key Employees and Officers	Compensation	Other
Erik Serr (Secretary)	$30,000	$0
Andrea Holmes (President/Treasurer/Direct)	$0	$0
Kathryn Holmes (Vice President/Director)	$0	$0
Christine Holmes (Vice President/Director)	$0	$0

+ View more people

990-PF

Filed on May 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$5,618,962

Expenses

$9,017,748

Net Income

-$3,398,786

Net Assets

$15,108,561

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,475	0.1%
Dividends	$803,107	14.3%
Sales of Assets	$4,810,380	85.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,832,492	97.9%
Compensation of Officers*	$30,000	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,108,561
Total Liabilities	$0
Net Assets	$15,108,561

Compensation

Key Employees and Officers	Compensation	Other
Erik Serr (Secretary)	$30,000	$0
Andrea Holmes (President/Treasurer/Direct)	$0	$0
Kathryn Holmes (Vice President/Director)	$0	$0
Christine Holmes (Vice President/Director)	$0	$0

+ View more people

990-PF

Filed on May 12, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$7,446,512

Expenses

$6,406,230

Net Income

$1,040,282

Net Assets

$18,507,347

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$50	0.0%
Dividends	$1,047,150	14.1%
Sales of Assets	$6,399,312	85.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,282,055	98.1%
Compensation of Officers*	$30,000	0.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,507,347
Total Liabilities	$0
Net Assets	$18,507,347

Compensation

Key Employees and Officers	Compensation	Other
Erik Serr (Secretary)	$30,000	$0
Andrea Holmes (President/Treasurer/Direct)	$0	$0
Kathryn Holmes (Vice President/Director)	$0	$0
Christine Holmes (Vice President/Director)	$0	$0

+ View more people

990-PF

Filed on May 10, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$3,341,029

Expenses

$6,228,054

Net Income

-$2,887,025

Net Assets

$17,467,064

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$121	0.0%
Dividends	$966,319	28.9%
Sales of Assets	$2,374,589	71.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,065,562	97.4%
Compensation of Officers*	$30,000	0.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,467,065
Total Liabilities	$1
Net Assets	$17,467,064

Compensation

Key Employees and Officers	Compensation	Other
Erik Serr (Secretary)	$30,000	$0
Andrea Holmes (President/Treasurer/Direct)	$0	$0
Kathryn Holmes (Vice President/Director)	$0	$0
Christine Holmes (Vice President/Director)	$0	$0

+ View more people

990-PF

Filed on May 17, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$4,691,815

Expenses

$5,343,305

Net Income

-$651,490

Net Assets

$20,354,089

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,002	0.1%
Dividends	$1,128,648	24.1%
Sales of Assets	$3,559,165	75.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,166,859	96.7%
Compensation of Officers*	$30,000	0.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,354,090
Total Liabilities	$1
Net Assets	$20,354,089

Compensation

Key Employees and Officers	Compensation	Other
Erik Serr (Secretary)	$30,000	$0
Andrea Holmes (President/Treasurer/Direct)	$0	$0
Kathryn Holmes (Vice President/Director)	$0	$0
Christine Holmes (Vice President/Director)	$0	$0

+ View more people

990-PF

Filed on Feb. 17, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$5,441,238

Expenses

$5,015,594

Net Income

$425,644

Net Assets

$21,005,580

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,643	0.0%
Dividends	$1,188,937	21.9%
Sales of Assets	$4,249,658	78.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,888,482	97.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$21,005,580
Total Liabilities	$0
Net Assets	$21,005,580

Compensation

Key Employees and Officers	Compensation	Other
Andrea Holmes (President/Treasurer/Direct)	$0	$0
Kathryn Holmes (Vice President/Director)	$0	$0
Christine Holmes (Vice President/Director)	$0	$0
Erik Serr (Secretary)	$0	$0

+ View more people

990-PF

Filed on Oct. 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$4,746,529

Expenses

$4,890,850

Net Income

-$144,321

Net Assets

$20,579,936

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,338	0.0%
Dividends	$1,235,494	26.0%
Sales of Assets	$3,509,697	73.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,770,223	97.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,579,936
Total Liabilities	$0
Net Assets	$20,579,936

Compensation

Key Employees and Officers	Compensation	Other
Andrea Holmes (President/Treasurer/Direct)	$0	$0
Kathryn Holmes (Vice President/Director)	$0	$0
Christine Holmes (Vice President/Director)	$0	$0
Erik Serr (Secretary)	$0	$0

+ View more people

990-PF

Filed on July 3, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$3,117,581

Expenses

$4,755,648

Net Income

-$1,638,067

Net Assets

$20,724,257

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$64	0.0%
Dividends	$1,274,383	40.9%
Sales of Assets	$1,843,134	59.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,626,163	97.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,724,257
Total Liabilities	$0
Net Assets	$20,724,257

Compensation

Key Employees and Officers	Compensation	Other
Andrea Holmes (President/Treasurer/Direct)	$0	$0
Kathryn Holmes (Vice President/Director)	$0	$0
Christine Holmes (Vice President/Director)	$0	$0
Erik Serr (Secretary)	$0	$0

+ View more people

990-PF

Filed on May 12, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$3,423,360

Expenses

$3,464,682

Net Income

-$41,322

Net Assets

$22,362,324

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$68	0.0%
Dividends	$1,286,122	37.6%
Sales of Assets	$2,137,170	62.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,358,967	96.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$22,362,324
Total Liabilities	$0
Net Assets	$22,362,324

Compensation

Key Employees and Officers	Compensation	Other
Andrea Holmes (President/Treasurer/Director)	$0	$0
Kathryn Holmes (Vice President/Director)	$0	$0
Christine Holmes (Vice President/Director)	$0	$0
Erik Serr (Secretary)	$0	$0

+ View more people

990-PF

Filed on May 19, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$2,272,023

Expenses

$3,106,257

Net Income

-$834,234

Net Assets

$22,403,646

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$149	0.0%
Dividends	$1,425,854	62.8%
Sales of Assets	$846,020	37.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,967,314	95.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$22,403,646
Total Liabilities	$0
Net Assets	$22,403,646

Compensation

Key Employees and Officers	Compensation	Other
Andrea Holmes (President/Treasurer/Director)	$0	$0
Kathryn Holmes (Vice President/Director)	$0	$0
Christine Holmes (Vice President/Director)	$0	$0
Erik Serr (Secretary)	$0	$0

+ View more people

990-PF

Filed on May 20, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$1,807,872

Expenses

$2,918,476

Net Income

-$1,110,604

Net Assets

$23,237,880

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$98	0.0%
Dividends	$1,151,777	63.7%
Sales of Assets	$655,997	36.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,781,000	95.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,237,880
Total Liabilities	$0
Net Assets	$23,237,880

Compensation

Key Employees and Officers	Compensation	Other
Andrea Holmes (Pres & Treas)	$0	$0
Kathryn Holmes (V. President)	$0	$0
Christine Holmes (V. President)	$0	$0
Erik Serr (Secretary)	$0	$0
Andrea Holmes (Director)	$0	$0
Kathryn Holmes (Director)	$0	$0
Christine Holmes (Director)	$0	$0

+ View more people

990-PF

Filed on May 15, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$900,590

Expenses

$3,156,668

Net Income

-$2,256,078

Net Assets

$24,348,483

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,522	0.9%
Dividends	$1,223,406	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,033,000	96.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,348,484
Total Liabilities	$1
Net Assets	$24,348,483

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,133,120

Expenses

$3,007,028

Net Income

-$1,873,908

Net Assets

$26,604,561

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,968	1.1%
Dividends	$1,097,780	96.9%
Sales of Assets	$22,372	2.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,899,280	96.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,604,562
Total Liabilities	$1
Net Assets	$26,604,561

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated June 30, 2025

Duffy Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $4.69M (2023)

Expenses $7.75M (2023)

Total Assets $12M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$4.69M (2023)

Expenses

$7.75M (2023)

Total Assets

$12M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001