Form 990 for tax year 2023
Filed by DEMOLAY FOUNDATION INCORPORATED.
Totals
- Total revenue
- $356,824
- Total expenses
- $552,934
- Contributions and grants received
- $149,116
- Grants paid
- $226,047
- Program service revenue
- $0
- Investment income
- $144,105
- Other revenue
- $63,603
- Total assets, end of year
- $7,221,097
- Total liabilities, end of year
- $7,349
- Net assets or fund balances, end of year
- $7,213,748
- Program services expenses (Part IX)
- $228,861
- Management and general expenses
- $227,261
- Fundraising expenses
- $96,812
- Program service expenses (Part III)
- $228,861
Program services were 41.4% 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.
-
1f · All other contributions, gifts and grants
$149,116
-
3 · Investment income
total $144,497 · excluded $144,497
-
6a · Gross rents
real property $63,366
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $63,366
-
6d · Net rental income or loss
total $63,366 · excluded $63,366
-
7b · Less cost or other basis and sales expenses
securities $392
-
7c · Gain or loss
securities -$392
-
7d · Net gain or loss
total -$392 · excluded -$392
-
11a · Other revenue: OTHER INCOME
total $237 · related or exempt $237
-
11e · Other revenue, total
$237
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $226,047 · program services $226,047
-
11a · Fees: management
total $75,000 · management and general $75,000
-
11c · Fees: accounting
total $9,416 · management and general $9,416
-
11e · Fees: professional fundraising services
total $87,000 · fundraising $87,000
-
11f · Fees: investment management
total $26,183 · management and general $26,183
-
11g · Fees: other
total $2,382 · management and general $2,382
-
13 · Office expenses
total $1,330 · program services $17 · management and general $1,260 · fundraising $53
-
14 · Information technology
total $11,188 · program services $2,797 · fundraising $8,391
-
16 · Occupancy
total $25,052 · management and general $25,052
-
17 · Travel
total $1,368 · fundraising $1,368
-
22 · Depreciation, depletion and amortization
total $64,129 · management and general $64,129
-
23 · Insurance
total $22,319 · management and general $22,319
-
24a · Other expenses: BANK FEES
total $1,520 · management and general $1,520
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $27,496 · end of year $0
-
4 · Accounts receivable
beginning of year $6,866 · end of year $6,555
-
9 · Prepaid expenses and deferred charges
beginning of year $4,726 · end of year $9,636
-
10a · Land, buildings and equipment: cost or other basis
$2,495,683
-
10b · Land, buildings and equipment: accumulated depreciation
$1,494,589
-
10c · Land, buildings and equipment, net
beginning of year $1,056,225 · end of year $1,001,094
-
11 · Investments: publicly traded securities
beginning of year $4,561,388 · end of year $5,113,383
-
15 · Other assets
beginning of year $983,760 · end of year $1,090,429
-
17 · Accounts payable and accrued expenses
beginning of year $5,860 · end of year $7,349
-
25 · Other liabilities
beginning of year $7,213 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $4,569,881 · end of year $5,186,407
-
28 · Net assets with donor restrictions
beginning of year $2,057,507 · end of year $2,027,341
Mission and programs · 2023
Mission
TO PROVIDE SCHOLARSHIPS AND OTHER LEADERSHIP OPPORTUNITIES FOR YOUTH INVOLVED IN DEMOLAY.
-
SCHOLARSHIP PROGRAM: EXPENSES RELATED TO GRANTS FOR SCHOLARSHIPS AND TO DEMOLAY INTERNATIONAL, GIVEN ON THE BASIS OF SERVICE, LEADERSHIP, NEED AND ACADEMICS.
Expenses $40,250 · Grants $40,250
-
LEADERSHIP TRAINING: EXPENSES INCURRED IN CONNECTION WITH PROVIDING EDUCATIONAL AND LEADERSHIP OPPORTUNITIES TO YOUNG MEN IN DEMOLAY WITH THE AIM OF BUILDING CHARACTER AND DEVELOPING MATURITY.
Expenses $188,611 · Grants $185,797
As filed on the 2023 return.
Listed in Part VII
-
George BraatzGEORGE BRAATZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brian DodsonBRIAN DODSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Aaron HabbenAARON HABBEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Fred BaerenzFRED BAERENZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Allan IdingALLAN IDING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stephen DoanSTEPHEN DOAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Louis CampbellLOUIS CAMPBELL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Richard LynnRICHARD LYNN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
James McGeeJAMES MCGEE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422959349301482
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