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Nonprofiteer
← DPM ASSET MANAGEMENT INC

Form 990 for tax year 2023

Filed by DPM ASSET MANAGEMENT INC.

Totals

Total revenue
$499,697
Total expenses
$35,218
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,451
Other revenue
$498,246
Total assets, end of year
$5,562,151
Total liabilities, end of year
$275,331
Net assets or fund balances, end of year
$5,286,820
Program services expenses (Part IX)
$0
Management and general expenses
$35,218
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $1,451 · excluded $1,451

  • 6a · Gross rents

    real property $867,984

  • 6b · Less rental expenses

    real property $383,257

  • 6c · Rental income or loss

    real property $484,727

  • 6d · Net rental income or loss

    total $484,727 · related or exempt $484,727

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $13,519 · excluded $13,519

  • 11e · Other revenue, total

    $13,519

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $18,000 · management and general $18,000

  • 11g · Fees: other

    total $14,941 · management and general $14,941

  • 13 · Office expenses

    total $110 · management and general $110

  • 24a · Other expenses: PHONE

    total $2,043 · management and general $2,043

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $64 · management and general $64

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $60 · management and general $60

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $389,013 · end of year $344,194

  • 10a · Land, buildings and equipment: cost or other basis

    $8,944,152

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,726,195

  • 10c · Land, buildings and equipment, net

    beginning of year $5,113,390 · end of year $5,217,957

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,076 · end of year $12,993

  • 23 · Secured mortgages and notes payable

    beginning of year $277,181 · end of year $258,967

  • 25 · Other liabilities

    beginning of year $377,805 · end of year $3,371

  • 27 · Net assets without donor restrictions

    beginning of year $4,822,341 · end of year $5,286,820

Mission and programs · 2023

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • TITLE HOLDING SERVICES

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Chris Dyer

    PRESIDENT

    Total calculated
    $167,183
    From this org
    $0
    From related orgs
    $155,040
    Other
    $12,143
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,040 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,120 related
    Nontaxable benefits
    $0 + $4,023 related
    Filer's total
    $0 + $167,183 related

  • Stewart Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • George Chase

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Marcus Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • James Clifton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Joy Summer-Smith

    SECRETARY

    Total calculated
    $0
    Hours/week
    5 + 35 related

  • Jewell Armstrong

    TREASURER

    Total calculated
    $82,363
    From this org
    $0
    From related orgs
    $77,872
    Other
    $4,491
    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 committee
  • 3 · Written employment contract
  • 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DP MUSEUM ENTERPRISES

    C · SALES OF GENERAL MERCHANDISE · TX

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349324876

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