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Nonprofiteer
← DISC VILLAGE FOUNDATION INC

Form 990 for tax year 2024

Filed by DISC VILLAGE FOUNDATION INC.

Totals

Total revenue
$1,664,663
Total expenses
$1,799,972
Contributions and grants received
$750,000
Grants paid
$1,411,936
Program service revenue
$0
Investment income
$914,663
Other revenue
$0
Total assets, end of year
$22,939,300
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$22,939,300
Program services expenses (Part IX)
$1,411,936
Management and general expenses
$388,036
Fundraising expenses
$0
Program service expenses (Part III)
$1,411,936

Program services were 78.4% 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.

  • 1d · Related organizations

    $750,000

  • 3 · Investment income

    total $526,923 · excluded $526,923

  • 7a · Gross sales of assets other than inventory

    securities $700,000

  • 7b · Less cost or other basis and sales expenses

    securities $312,260

  • 7c · Gain or loss

    securities $387,740

  • 7d · Net gain or loss

    total $387,740 · excluded $387,740

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,411,936 · program services $1,411,936

  • 5 · Compensation of officers, directors and key employees

    total $290,249 · management and general $290,249

  • 10 · Payroll taxes

    total $44,035 · management and general $44,035

  • 11f · Fees: investment management

    total $53,732 · management and general $53,732

  • 13 · Office expenses

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $85,691 · end of year $96,808

  • 2 · Savings and temporary cash investments

    beginning of year $300,000 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $20,899,201 · end of year $22,842,492

  • 27 · Net assets without donor restrictions

    beginning of year $21,284,892 · end of year $22,939,300

Mission and programs · 2024

Mission

THE PURPOSE OF DISC VILLAGE FOUNDATION IS TO SUPPORT THE ACTIVITIES OF DISC VILLAGE, INC, AN ORGANIZATION EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION MAY UNDERTAKE ANY ACTION NECESSARY TO FURTHER THIS GENERAL PURPOSE INCLUDING FUND RAISING ACTIVITIES AND INVESTMENT DESIGNED TO PRODUCE REVENUE TO BE USED FOR DISC VILLAGE INC. THE FOUNDATION SHALL NOT, AS ITS PRIMARY ACTIVITY ENGAGE IN A REGULAR BUSINESS OF A KIND ORDINARILY CARRIED ON FOR PROFIT.

  • INCOME GENERATED BY INVESTING ACTIVITIES WERE USED TO FURTHER THE CHARITABLE AND EDUCATIONAL PURPOSE OF DISC VILLAGE INC. BY ASSISTING INDIVIDUALS WITH SUBSTANCE ABUSE PROBLEMS.

    Expenses $1,411,936 · Grants $1,411,936

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gary Roberts

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Clayton Knowles

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Pam East

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Thomas K Olk - Chief

    EXECUTIVE OFFICER UNTIL 2/28/2025

    Total calculated
    $202,322
    From this org
    $202,322
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $202,322
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $202,322

  • John Wilson - Chief

    EXECUTIVE OFFICER AS OF 3/1/2025

    Total calculated
    $785,131
    From this org
    $388,333
    From related orgs
    $374,495
    Other
    $22,303
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $388,333 + $372,969 related
    Bonus
    $0
    Other
    $0 + $1,526 related
    Deferred
    $4,554 + $9,518 related
    Nontaxable benefits
    $0 + $8,231 related
    Filer's total
    $392,887 + $392,244 related

  • Mike Sasnett - Chief

    FINANCIAL OFFICER UNTIL 1/3/2025

    Total calculated
    $414,403
    From this org
    $0
    From related orgs
    $392,172
    Other
    $22,231
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $392,172 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,023 related
    Nontaxable benefits
    $0 + $8,208 related
    Filer's total
    $0 + $414,403 related

  • Jeremy Smith - Chief

    FINANCIAL OFFICER AS OF 9/5/2024

    Total calculated
    $126,373
    From this org
    $0
    From related orgs
    $121,215
    Other
    $5,158
    Hours/week
    5 + 35 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S CEO AND CFO ARE COMPENSATED BY DISC VILLAGE, INC., A RELATED ORGANIZATION. COMPENSATION IS ESTABLISHED BY A COMPENSATION STUDY AND IS APPROVED BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • DISC VILLAGE INC

    $800,000

    BOARD APPROVED SUPPORT

  • WOODVILLE PROPERTIES INC

    $611,936

    BOARD APPROVED SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
26 April 2026
IRS schema version
2024v5.5
Source object
202601219349301600

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