Form 990 for tax year 2023
Filed by THE DISTRICT CUP FOUNDATION INC.
Totals
- Total revenue
- $581,658
- Total expenses
- $581,658
- Contributions and grants received
- $491,658
- Grants paid
- $36,000
- Program service revenue
- $90,000
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $453,303
- Management and general expenses
- $52,126
- Fundraising expenses
- $76,229
- Program service expenses (Part III)
- $453,303
Program services were 77.9% 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.
-
1f · All other contributions, gifts and grants
$491,658
-
2a · Program service revenue: POLO MATCH TICKET SALES
total $90,000 · related or exempt $90,000
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $36,000 · program services $36,000
-
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 $3,500 · management and general $3,500
-
11c · Fees: accounting
total $11,400 · management and general $11,400
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $42,000 · program services $27,550 · management and general $14,450
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
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 $0
-
23 · Insurance
total $3,532 · management and general $3,532
-
24a · Other expenses: EVENT PRODUCTION
total $431,103 · program services $366,438 · fundraising $64,665
-
24b · Other expenses: Miscellaneous
total $19,244 · management and general $19,244
-
24c · Other expenses: MANY HATS CUP
total $15,260 · program services $15,260
-
24d · Other expenses: GRAPHICS
total $7,177 · program services $2,905 · fundraising $4,272
-
24e · All other expenses
total $12,442 · program services $5,150 · fundraising $7,292
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
Mission and programs · 2023
Mission
The Corporation is organized exclusively for charitable, educational, religious, or scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code. The Corporations specific purpose is to raise charitable funds through an annual polo match for distribution to vetted charitable organizations that are helping underserved communities in the Washington, DC area, as designated and approved by the Board of Directors.
-
PROVIDE EVENT PRODUCTION AND PUBLIC RELATIONS FOR THE DISTRICT CUP POLO MATCH.
Expenses $417,303
-
FUNDRAISING IN SUPPORT OF CHARITABLE ORGANIZATIONS IN THE DISTRICT OF COLUMBIA METRO AREA THROUGH AFFILIATION WITH THE DISTRICT CUP EVENT BY OBTAINING SPONSORSHIPS AND TICKET SALES IN SUPPORT OF THE DISTRICT CUP POLO MATCH. The event was attended by over 700 guests of whom over 100 were part of the International Diplomatic Corps enabling our Charitable Partners to broaden their reach and connect with potential Corporate Partners and individual donors.
Expenses $36,000 · Grants $36,000 · Revenue $581,658
As filed on the 2023 return.
Listed in Part VII
-
Maryscott GreenwoodMARYSCOTT GREENWOOD
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Nico BacaNICO BACA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Laura BridgeLAURA BRIDGE
Director/Treas
- Total calculated
- $0
- Hours/week
- 1
-
Tamon GeorgeTAMON GEORGE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jocelyn MooreJOCELYN MOORE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Charlie MuldoonCHARLIE MULDOON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Caitlin O'ConnorCAITLIN O'CONNOR
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dario SotomayorDARIO SOTOMAYOR
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sandra ThurmanSANDRA THURMAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lisa OrtmayerLISA ORTMAYER
Executive Dir.
- Total calculated
- $0
- Hours/week
- 20
-
Melika KahjehMELIKA KAHJEH
DEPUTY DIR
- Total calculated
- $0
- Hours/week
- 20
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
-
$36,000
GENERAL SUPPORT
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
381446628
$3,500
Liquidation · FINAL PAYMENT OF LEGAL FEES · Dec 31, 2023 · PLLC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 March 2024
- IRS schema version
- 2023v5.0
- Source object
- 202420819349300827
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