Totals
- Total revenue
- $3,393,389
- Total expenses
- $2,007,164
- Contributions and grants received
- $951,198
- Grants paid
- $0
- Program service revenue
- $957,381
- Investment income
- $1,555,680
- Other revenue
- -$70,870
- Total assets, end of year
- $63,519,831
- Total liabilities, end of year
- $1,481,321
- Net assets or fund balances, end of year
- $62,038,510
- Program services expenses (Part IX)
- $893,076
- Management and general expenses
- $363,218
- Fundraising expenses
- $750,870
- Program service expenses (Part III)
- $893,076
Program services were 44.5% 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.
-
1c · Fundraising events
$224,904
-
1f · All other contributions, gifts and grants
$726,294
-
2a · Program service revenue: Rental income
total $957,197 · related or exempt $957,197
-
2b · Program service revenue: Miscellaneous
total $184 · related or exempt $184
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,554,791 · excluded $1,554,791
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
other assets $889
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
securities $0 · other assets $889
-
7d · Net gain or loss
total $889 · excluded $889
-
8a · Fundraising events: gross income
$480,612
-
8a · Fundraising events: contributions included on line 1c
$224,904
-
8b · Fundraising events: direct expenses
$551,482
-
8c · Net income from fundraising events
total -$70,870 · excluded -$70,870
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $173,672 · program services $17,367 · management and general $17,367 · fundraising $138,938
-
6 · Compensation of disqualified persons
total $0 · program services $0
-
7 · Other salaries and wages
total $322,634 · program services $32,253 · management and general $32,353 · fundraising $258,028
-
8 · Pension plan contributions
total $6,023 · program services $602 · management and general $602 · fundraising $4,819
-
9 · Other employee benefits
total $31,239 · program services $3,124 · management and general $3,124 · fundraising $24,991
-
10 · Payroll taxes
total $33,319 · program services $3,332 · management and general $3,332 · fundraising $26,655
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $5,726 · program services $0 · management and general $5,726 · fundraising $0
-
11c · Fees: accounting
total $3,000 · program services $0 · management and general $3,000 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $44,644 · program services $0 · management and general $44,644 · fundraising $0
-
11g · Fees: other
total $231,608 · program services $20,668 · management and general $20,668 · fundraising $190,272
-
12 · Advertising and promotion
total $137,814 · program services $68,907 · management and general $68,907 · fundraising $0
-
13 · Office expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
14 · Information technology
total $15,568 · program services $1,579 · management and general $1,579 · fundraising $12,410
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $62,480 · program services $31,240 · management and general $31,240 · fundraising $0
-
17 · Travel
total $1,796 · program services $0 · management and general $1,796 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $4,260 · program services $426 · management and general $426 · fundraising $3,408
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $891,631 · program services $713,305 · management and general $89,163 · fundraising $89,163
-
23 · Insurance
total $2,732 · program services $273 · management and general $273 · fundraising $2,186
-
24a · Other expenses: Miscellaneous Expense
total $39,018 · program services $0 · management and general $39,018 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,199,690 · end of year $4,510,670
-
2 · Savings and temporary cash investments
beginning of year $308,531 · end of year $434,940
-
3 · Pledges and grants receivable
beginning of year $897,149 · end of year $802,564
-
4 · Accounts receivable
beginning of year $112,611 · end of year $112,611
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$33,133,078
-
10b · Land, buildings and equipment: accumulated depreciation
$21,455,935
-
10c · Land, buildings and equipment, net
beginning of year $12,566,152 · end of year $11,677,143
-
11 · Investments: publicly traded securities
beginning of year $43,443,712 · end of year $45,917,503
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $64,400 · end of year $64,400
-
17 · Accounts payable and accrued expenses
beginning of year $147,082 · end of year $1,481,321
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $43,696,085 · end of year $48,790,520
-
28 · Net assets with donor restrictions
beginning of year $15,749,078 · end of year $13,247,990
Mission and programs · 2023
Mission
The Damar Foundation works to increase public awareness and financial support of Damar Services, Inc., an organization that has provided a range of charitable and educational services to children, youth, adults, and families for 50 years, and to maintain and preserve certain assets (real and personal) used in the delivery of the supported organization's programs. Services include residential and community-based treatment programs, outpatient, and educational services.
Activities or mission (Part I)
The Damar Foundation, Inc. was organized to exclusively benefit, perform and carry out the charitable, educational, and other exempt purposes of Damar Services.
-
Support of the charitable, educational and other exempt purposes of Damar Services, Inc. through raising the visibility of Damar among supporters, families who benefit from the services, policymakers, and members of the general public.
Expenses $893,076 · Revenue $957,381
As filed on the 2023 return.
Listed in Part VII
-
Bob Kort
Chair
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Jeff Hadden
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Ali Fell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris Wilkes
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gary Harris
Director
- Total calculated
- $0
- Hours/week
- 1
-
Greg Keele
Director
- Total calculated
- $0
- Hours/week
- 1
-
Happy Dhani
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Grimes
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mary Beth Oakes
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shawn Collinsworth
President
- Total calculated
- $263,223
- From this org
- $183,056
- From related orgs
- $45,764
- Other
- $34,403
- Hours/week
- 40 + 10 related
Schedule J breakdown matched by us
- Base
- $159,056 + $39,764 related
- Bonus
- $24,000 + $6,000 related
- Other
- $0
- Deferred
- $16,000 + $4,000 related
- Nontaxable benefits
- $11,522 + $2,881 related
- Filer's total
- $210,578 + $52,645 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 committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 7 Non-fixed payments
- Certain measurement indicators have been adopted by the compensation committee of the board. The indicators are specifically measurable and are the outcomes of strategic initiatives that take time to achieve. The weights for each indicator have been adopted by the compensation committee. The indicators for the plan that applies to fiscal year ending 6/30/24 are licensure, revenue, margin, fundraising, quality, people. Weights that would have applied to quality have been redistributed to other indicators so that total payout potential integrity at threshold, target, and maximum is preserved to extent possible at approximately 13%/22%/30% respectively.
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
No itemized grants to organizations on this return.
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.
-
501(c)(3) · Resid svcs · IN
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501359349312460
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