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Nonprofiteer
← DAYTON FOUNDATION

Form 990 for tax year 2022

Filed by DAYTON FOUNDATION.

Totals

Total revenue
$59,281,429
Total expenses
$71,402,673
Contributions and grants received
$40,176,461
Grants paid
$60,255,764
Program service revenue
$1,531,789
Investment income
$17,573,943
Other revenue
-$764
Total assets, end of year
$583,453,329
Total liabilities, end of year
$142,453,105
Net assets or fund balances, end of year
$441,000,224
Program services expenses (Part IX)
$64,672,908
Management and general expenses
$6,342,556
Fundraising expenses
$387,209
Program service expenses (Part III)
$64,672,908

Program services were 90.6% 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

    $323,592

  • 1d · Related organizations

    $10,649,394

  • 1f · All other contributions, gifts and grants

    $29,203,475

  • 1g · Noncash contributions included above

    $7,746,986

  • 2a · Program service revenue: SEE SCHEDULE O

    total $843,252 · related or exempt $843,252

  • 2b · Program service revenue: SEE SCHEDULE O

    total $616,108 · related or exempt $616,108

  • 2c · Program service revenue: SEE SCHEDULE O

    total $72,429 · related or exempt $72,429

  • 3 · Investment income

    total $13,350,601 · excluded $13,350,601

  • 7a · Gross sales of assets other than inventory

    securities $4,223,342

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

    securities $0

  • 7c · Gain or loss

    securities $4,223,342

  • 7d · Net gain or loss

    total $4,223,342 · excluded $4,223,342

  • 8a · Fundraising events: gross income

    $247,250

  • 8a · Fundraising events: contributions included on line 1c

    $323,592

  • 8b · Fundraising events: direct expenses

    $245,791

  • 8c · Net income from fundraising events

    total $1,459 · excluded $1,459

  • 11a · Other revenue: CHANGE IN VALUE OF SPLIT INTEREST

    total $35,622 · related or exempt $35,622

  • 11b · Other revenue: SEE SCHEDULE O

    total -$37,845 · unrelated business -$37,845

  • 11e · Other revenue, total

    -$2,223

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,249,764 · program services $60,249,764

  • 2 · Grants to domestic individuals

    total $6,000 · program services $6,000

  • 5 · Compensation of officers, directors and key employees

    total $1,159,584 · program services $429,517 · management and general $654,631 · fundraising $75,436

  • 7 · Other salaries and wages

    total $2,095,115 · program services $1,207,163 · management and general $795,497 · fundraising $92,455

  • 9 · Other employee benefits

    total $580,810 · program services $315,710 · management and general $232,091 · fundraising $33,009

  • 10 · Payroll taxes

    total $230,733 · program services $82,027 · management and general $126,347 · fundraising $22,359

  • 11b · Fees: legal

    total $23,164 · management and general $23,164

  • 11c · Fees: accounting

    total $56,110 · management and general $56,110

  • 11d · Fees: lobbying

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

  • 11f · Fees: investment management

    total $2,741,148 · management and general $2,741,148

  • 11g · Fees: other

    total $176,235 · program services $35,933 · management and general $103,330 · fundraising $36,972

  • 12 · Advertising and promotion

    total $41,599 · fundraising $41,599

  • 13 · Office expenses

    total $129,395 · program services $877 · management and general $96,473 · fundraising $32,045

  • 14 · Information technology

    total $266,299 · management and general $266,299

  • 16 · Occupancy

    total $292,399 · management and general $292,399

  • 17 · Travel

    total $9,705 · program services $2,042 · management and general $3,854 · fundraising $3,809

  • 19 · Conferences, conventions and meetings

    total $127,509 · program services $5,474 · management and general $92,747 · fundraising $29,288

  • 22 · Depreciation, depletion and amortization

    total $54,156 · management and general $54,156

  • 23 · Insurance

    total $99,391 · management and general $99,391

  • 24a · Other expenses: PROGRAM EXPENSES

    total $2,337,703 · program services $2,337,703

  • 24b · Other expenses: SEE SCHEDULE O

    total $474,933 · management and general $474,933

  • 24c · Other expenses: EQUIPMENT LEASE/MAINTEN

    total $57,916 · management and general $57,916

  • 24d · Other expenses: SEE SCHEDULE O

    total $55,955 · management and general $55,955

  • 24e · All other expenses

    total $119,050 · program services $698 · management and general $98,115 · fundraising $20,237

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$589,537 · end of year $29,515,512

  • 3 · Pledges and grants receivable

    beginning of year $8,331,492 · end of year $11,535,986

  • 4 · Accounts receivable

    beginning of year $17,500 · end of year $293,855

  • 7 · Other notes and loans receivable

    beginning of year $1,069,637 · end of year $331,240

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

    $1,488,657

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

    $733,821

  • 10c · Land, buildings and equipment, net

    beginning of year $773,983 · end of year $754,836

  • 12 · Investments: other securities

    beginning of year $535,920,062 · end of year $536,943,847

  • 15 · Other assets

    beginning of year $5,256,122 · end of year $4,078,053

  • 17 · Accounts payable and accrued expenses

    beginning of year $158,376 · end of year $3,039,637

  • 18 · Grants payable

    beginning of year $7,786,401 · end of year $12,542,985

  • 25 · Other liabilities

    beginning of year $132,382,009 · end of year $126,870,483

  • 27 · Net assets without donor restrictions

    beginning of year $394,943,092 · end of year $428,812,219

  • 28 · Net assets with donor restrictions

    beginning of year $15,509,381 · end of year $12,188,005

Mission and programs · 2022

Mission

TO OPERATE EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED.

Activities or mission (Part I)

SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENTTHE DAYTON FOUNDATION WAS ESTABLISHED IN 1921 AS A COMMUNITY FOUNDATION TO MEET THE CHANGING NEEDS AND IMPROVE THE QUALITY OF LIFE IN THE DAYTON/MIAMI VALLEY REGION AND SERVES AS A VEHICLE FOR INDIVIDUAL, FAMILY, ORGANIZATION AND CORPORATE CHARITABLE GIVING IN THE COMMUNITY. THE ORGANIZATION'S MISSION IS TO STRENGTHEN THE COMMUNITY THROUGH PHILANTHROPY AND LEADERSHIP.

  • DESIGNATED AND ADVISED GRANTS TO 501(C)(3) ORGANIZATIONS

    Expenses $54,876,247 · Grants $54,876,247

  • SCHOLARSHIP GRANTS TO COLLEGES AND UNIVERSITIES

    Expenses $3,259,371 · Grants $3,259,371

  • DISCRETIONARY GRANTS AS DETERMINED BY THE DAYTON FOUNDATION GRANTS COMMITTEE

    Expenses $2,120,146 · Grants $2,120,146

  • PROGRAM EXPENSES SUCH AS BROCHURES, WEBSITE SERVICES, MAILING COSTS, APPRAISALS AND OTHER COSTS ASSOCIATED WITH CONTRIBUTIONS TO A FUND, AND SIMILAR EXPENSES DIRECTLY RELATED TO THE CHARITABLE PURPOSE OF THE FUND.

    Expenses $4,417,144

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • L Tony Ortiz

    GOVERNING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • David T Miller

    CHAIR GOVERNING BOARD

    Total calculated
    $0
    Hours/week
    0.25

  • Art Harlan

    GOVERNING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • J Norman Eckstein

    GOVERNING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Rakesh Arora

    GOVERNING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Alice McCollum

    GOVERNING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Valerie Lemmie

    GOVERNING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Josh Stuckey

    GOVERNING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Martha Shaker

    GOVERNING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Marva Cosby

    GOVERNING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Thomas J Becker

    GOVERNING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • George E Forest

    GOVERNING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Cassie Barlow

    GOVERNING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Janice L Culver

    GOVERNING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • James Vaughn

    GOVERNING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Michael M Parks

    PRESIDENT/SECRETARY

    Total calculated
    $774,428
    From this org
    $753,621
    From related orgs
    $0
    Other
    $20,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $476,427
    Bonus
    $176,000
    Other
    $101,194
    Deferred
    $0
    Nontaxable benefits
    $20,807
    Filer's total
    $774,428

  • Stephen D Darnell

    V.P. FINANCE

    Total calculated
    $161,999
    From this org
    $145,491
    From related orgs
    $0
    Other
    $16,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,205
    Bonus
    $0
    Other
    $13,286
    Deferred
    $0
    Nontaxable benefits
    $16,508
    Filer's total
    $161,999

  • Joseph B Baldasare

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $130,983
    From this org
    $130,945
    From related orgs
    $0
    Other
    $38
    Hours/week
    40

  • S Tracie Boshears

    ASSISTANT TREASURER

    Total calculated
    $75,583
    From this org
    $71,454
    From related orgs
    $0
    Other
    $4,129
    Hours/week
    40

  • Michelle Lovely

    VP DEVELOPMENT

    Total calculated
    $211,290
    From this org
    $192,276
    From related orgs
    $0
    Other
    $19,014
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,237
    Bonus
    $0
    Other
    $15,039
    Deferred
    $0
    Nontaxable benefits
    $19,014
    Filer's total
    $211,290

  • Jeanne S Holihan

    ADMINISTRATION VP

    Total calculated
    $193,038
    From this org
    $192,891
    From related orgs
    $0
    Other
    $147
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,931
    Bonus
    $0
    Other
    $13,960
    Deferred
    $0
    Nontaxable benefits
    $147
    Filer's total
    $193,038

  • Chris Smith

    VP MARKETING & PUBLIC RELA

    Total calculated
    $135,372
    From this org
    $129,621
    From related orgs
    $0
    Other
    $5,751
    Hours/week
    40

  • Barbra Stonerock

    COMMUNITY ENGAGEMENT

    Total calculated
    $144,293
    From this org
    $143,957
    From related orgs
    $0
    Other
    $336
    Hours/week
    40

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 · Written employment contract
  • 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

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • DAYTON FOUNDATION REALTY LLC

    CHARITABLE--INACTIVE SINGLE-MEMBER LLC · OH

    Directly controlled by THE DAYTON FOUNDATION

  • THE DAYTON FOUNDATION REALTY TOD LLC

    CHARITABLE--INACTIVE SINGLE-MEMBER LLC · OH

    Directly controlled by THE DAYTON FOUNDATION

  • THE DAYTON FOUNDATION REALTY ONE LLC

    CHARITABLE--INACTIVE SINGLE-MEMBER LLC · OH

    Directly controlled by THE DAYTON FOUNDATION

  • THE DAYTON FOUNDATION REALTY TWO LLC

    CHARITABLE--INACTIVE SINGLE-MEMBER LLC · OH

    Directly controlled by THE DAYTON FOUNDATION

  • THE DAYTON FOUNDATION REALTY THREE LLC

    CHARITABLE--INACTIVE SINGLE-MEMBER LLC · OH

    Directly controlled by THE DAYTON FOUNDATION

  • DAYTON OREGON DISTRICT TRAGEDY FUND LLC

    CHARITABLE--INACTIVE SINGLE-MEMBER LLC · OH

    Directly controlled by THE DAYTON FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202441359349304874

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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