Lucky Duck Foundation
EIN: 20-3324885
as of October 2024
as of October 15, 2024
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Homeless Advocacy
The Lucky Duck Foundation is committed to alleviating the suffering of San Diego's homeless community.
Where we work
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of meals delivered
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Lucky Duck Foundation has distributed 1,800,000+ meals, distributed 12,500+ sleeping bag coats, and had hundreds of tons of trash removed via "Cash for Trash."
Number of people using homeless shelters per week
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Context Notes
Providing shelter for 450 people nightly via bridge shelters that LDF purchased, constructed, and donated to the City.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
The Lucky Duck Foundation (LDF) is committed to preventing and alleviating the suffering of homelessness throughout San Diego County.
LDF was formed in 2005 by Pat & Stephanie Kilkenny to raise funds and awareness for numerous charitable causes throughout San Diego.
In 2016, when Pat & Stephanie noticed a growing and urgent need for leadership and action to address San Diegos homeless crisis, the late San Diego Padres owner Peter Seidler and business and civic leader Dan Shea were simultaneously calling upon business leaders, politicians, philanthropists, and other stakeholders to join them in taking action to address the issue in a best-in-class, fact-based manner.
After closely studying homelessness and collaborating with Peter & Dan, Pat & Stephanie knew LDF could have an even greater impact if they focused its efforts squarely on homelessness. They decided to do so, and shortly after pivoting, LDF purchased several large industrial tent structures to provide shelter and critical services for more than 650 individuals.
And ever since, LDF has funded, activated, and led numerous high-impact initiatives that alleviate the suffering of homelessness throughout San Diego County. Such initiatives include:
- Funding region-wide employment and job training programs across a multitude of industries including culinary, community beautification, food rescue, trash cleanup, certificate programs, and more. All are designed to give individuals experiencing homelessness an opportunity to improve their earning power, employability, and housing. More than 1,000 individuals have benefited.
- Providing food and water to unsheltered homeless individuals to provide nourishment and a pathway to life off the streets. More than 1,800,000 meals have been distributed and anywhere from 250-1,000 people per day receive food and water.
- Purchasing and distributing more than 12,500 winter coats that fold out into sleeping bags, which are made by homeless parents who are hired to do the manufacturing.
- Supporting and facilitating Lucky Ducklings, an award-winning youth-led movement of more than 125 high school youth committed to volunteering, designing programs, learning about philanthropy and how they can play a constructive role in alleviating the suffering of homelessness.
- Convening leadership and research professionals from San Diegos institutions of higher learning to focus and fund those institutions to undertake meaningful and actionable research into the myriad of issues surrounding homelessness.
- Meeting every week via the "Tuesday Group" (without missing a week including all holidays) to strategize about how the private sector and LDF can most effectively accelerate change.
- And countless other best-in-class programs that are based on the facts, cost-effective, and help people experiencing homelessness end their homelessness.
Everything LDF does is predicated on leading San Diego to best practices in all areas of homelessness.
What are the organization's key strategies for making this happen?
The Lucky Duck Foundation (LDF) raises money to fund, activate and lead high-impact programs to prevent and alleviate the suffering of homelessness. And its co-founders match all donations up to $1.5 million per year.
The Tuesday Group is an informal, unincorporated group of fact-based business and civic leaders consisting of several LDF Board Members which meets weekly to determine what the private sector and LDF can do to most effectively accelerate change. The Tuesday Group has not missed a weekly meeting since forming in 2016, including Christmas Day & New Years Day.
Additionally, members of the Tuesday Group & Lucky Duck Foundation regularly convene homeless symposiums consisting of key leaders and stakeholders, such as the San Diego Housing Commission, the Regional Task Force on Homelessness, political leaders, homeless social service providers, other business leaders, foundations and philanthropists, to instigate progress and collaboration and hold elected leaders accountable. More than 40 homeless symposiums have been hosted consisting of topics such as access to shelter, activating underutilized government properties as shelters, affordable housing, mental health, employment and job training, and more.
Together, the Lucky Duck Foundation & Tuesday Group endeavor to lead San Diego to best practices in all areas of homelessness by taking immediate action, collaborating with and surviving generations of politicians, and providing elbow grease and resources to best-in-class programs and organizations.
For example, LDF has called on regional elected leaders to develop an inclement weather shelter plan when it learned no plan was in place ahead of the cold and rainy season. At the same time, LDF committed to distributing at least 2,000 winter coats that transform into sleeping bags to provide some warmth and protection from the elements. A short time later, the City of San Diego agreed to add 65 inclement weather shelter beds. Though many more inclement weather shelter beds are needed, it was a step in the right direction.
Another example is LDFs region-wide employment and job training initiative, whereby LDF has invested more than $2.5 million to launch or expand more than 20 different programs designed to hire and/or train individuals experiencing homelessness. More than 1,000 individuals have benefited from the program. One program hires shelter residents and trains them to be food rescue route drivers. Almost every graduate of the program has gone on to secure full-time employment and is still housed and more than 670,000 pounds of food have been rescued.
In summary, the Lucky Duck Foundation funds and activates programs that are tangible, measurable, and designed to make an immediate impact, while endeavoring to help the government be more swift and practical in its approach to reducing homelessness.
What are the organization's capabilities for doing this?
What have they accomplished so far and what's next?
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
66.14
Months of cash in 2022 info
6.5
Fringe rate in 2022 info
9%
Funding sources info
Assets & liabilities info
Financial data
Lucky Duck Foundation
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of Lucky Duck Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
Profitability info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $969,052 | $1,262,850 | $1,305,675 | $1,552,196 | $959,689 |
As % of expenses | 82.3% | 130.7% | 41.7% | 54.0% | 28.7% |
Unrestricted surplus (deficit) after depreciation | $920,186 | $1,213,984 | $1,256,809 | $1,505,433 | $902,446 |
As % of expenses | 75.1% | 119.6% | 39.5% | 51.5% | 26.5% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $2,165,069 | $3,411,519 | $4,229,986 | $3,783,020 | $4,276,509 |
Total revenue, % change over prior year | -42.6% | 57.6% | 24.0% | -10.6% | 13.0% |
Program services revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 1.7% | 0.8% | 0.0% | 0.0% | 0.0% |
Government grants | 0.0% | 0.6% | 0.6% | 0.0% | 0.0% |
All other grants and contributions | 98.3% | 98.6% | 99.4% | 100.0% | 99.9% |
Other revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $1,177,161 | $966,290 | $3,130,819 | $2,875,063 | $3,346,285 |
Total expenses, % change over prior year | -3.3% | -17.9% | 224.0% | -8.2% | 16.4% |
Personnel | 0.0% | 17.3% | 6.0% | 9.5% | 3.8% |
Professional fees | 2.4% | 2.8% | 1.1% | 2.0% | 1.5% |
Occupancy | 0.0% | 1.8% | 0.6% | 0.3% | 0.1% |
Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Pass-through | 56.1% | 34.8% | 63.7% | 67.8% | 67.1% |
All other expenses | 41.5% | 43.4% | 28.6% | 20.6% | 27.5% |
Full cost components (estimated) info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $1,226,027 | $1,015,156 | $3,179,685 | $2,921,826 | $3,403,528 |
One month of savings | $98,097 | $80,524 | $260,902 | $239,589 | $278,857 |
Debt principal payment | $0 | $0 | $0 | $0 | $0 |
Fixed asset additions | $73,551 | $0 | $0 | $0 | $113,652 |
Total full costs (estimated) | $1,397,675 | $1,095,680 | $3,440,587 | $3,161,415 | $3,796,037 |
Capital structure indicators
Liquidity info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Months of cash | 21.9 | 4.9 | 4.4 | 9.3 | 6.5 |
Months of cash and investments | 21.9 | 63.7 | 24.9 | 30.4 | 27.9 |
Months of estimated liquid unrestricted net assets | 26.6 | 48.1 | 19.8 | 28.0 | 27.1 |
Balance sheet composition info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Cash | $2,146,022 | $391,658 | $1,142,470 | $2,222,685 | $1,808,062 |
Investments | $0 | $4,736,920 | $5,348,871 | $5,049,460 | $5,966,542 |
Receivables | $25,000 | $1,500 | $57,835 | $66,675 | $42,860 |
Gross land, buildings, equipment (LBE) | $929,767 | $929,767 | $929,767 | $946,375 | $1,060,027 |
Accumulated depreciation (as a % of LBE) | 6.4% | 11.7% | 16.9% | 20.7% | 23.9% |
Liabilities (as a % of assets) | 2.5% | 1.2% | 5.2% | 3.8% | 1.3% |
Unrestricted net assets | $3,478,117 | $4,692,101 | $5,948,910 | $7,454,343 | $8,356,789 |
Temporarily restricted net assets | $6,000 | N/A | N/A | N/A | N/A |
Permanently restricted net assets | $0 | N/A | N/A | N/A | N/A |
Total restricted net assets | $6,000 | $1,196,510 | $992,152 | $331,303 | $353,796 |
Total net assets | $3,484,117 | $5,888,611 | $6,941,062 | $7,785,646 | $8,710,585 |
Key data checks
Key data checks info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director
Mr. Drew Moser
Number of employees
Source: IRS Form 990
Lucky Duck Foundation
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Lucky Duck Foundation
Board of directorsas of 04/19/2024