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Nonprofiteer
← DECHOMAI FOUNDATION INC

Form 990 for tax year 2023

Filed by DECHOMAI FOUNDATION INC.

Totals

Total revenue
$363,531,846
Total expenses
$364,880,680
Contributions and grants received
$351,332,414
Grants paid
$359,669,007
Program service revenue
$0
Investment income
$12,144,211
Other revenue
$55,221
Total assets, end of year
$274,724,320
Total liabilities, end of year
$129,457,304
Net assets or fund balances, end of year
$145,267,016
Program services expenses (Part IX)
$361,383,811
Management and general expenses
$3,242,631
Fundraising expenses
$154,238
Program service expenses (Part III)
$361,383,811

Program services were 99.0% 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.

  • 1f · All other contributions, gifts and grants

    $351,332,414

  • 1g · Noncash contributions included above

    $33,510,983

  • 3 · Investment income

    total $2,988,972 · excluded $2,988,972

  • 6a · Gross rents

    real property $55,221

  • 6c · Rental income or loss

    real property $55,221

  • 6d · Net rental income or loss

    total $55,221 · excluded $55,221

  • 7a · Gross sales of assets other than inventory

    securities $40,738,518

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

    securities $31,583,279

  • 7c · Gain or loss

    securities $9,155,239

  • 7d · Net gain or loss

    total $9,155,239 · excluded $9,155,239

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $359,669,007 · program services $359,669,007

  • 11a · Fees: management

    total $3,842,023 · program services $634,563 · management and general $3,129,484 · fundraising $77,976

  • 11b · Fees: legal

    total $51,178 · program services $8,188 · management and general $41,966 · fundraising $1,024

  • 12 · Advertising and promotion

    total $13,781 · program services $2,205 · management and general $11,300 · fundraising $276

  • 13 · Office expenses

    total $2,771 · program services $2,273 · management and general $339 · fundraising $159

  • 14 · Information technology

    total $6,879 · program services $5,641 · management and general $843 · fundraising $395

  • 16 · Occupancy

    total $28,269 · program services $23,181 · management and general $3,464 · fundraising $1,624

  • 19 · Conferences, conventions and meetings

    total $6,000 · program services $4,920 · management and general $735 · fundraising $345

  • 23 · Insurance

    total $906,278 · program services $743,148 · management and general $11,059 · fundraising $52,071

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,841 · program services $5,610 · management and general $838 · fundraising $393

  • 24b · Other expenses: BANK FEES

    total $31,290 · program services $25,658 · management and general $3,834 · fundraising $1,798

  • 24c · Other expenses: TAXES AND REGISTRATION

    total $7,937 · program services $6,508 · management and general $973 · fundraising $456

  • 24d · Other expenses: ANNUITY DEATH BENEFITS PAID

    total $308,426 · program services $252,909 · management and general $37,796 · fundraising $17,721

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $339,157 · end of year $3,699,823

  • 2 · Savings and temporary cash investments

    beginning of year $25,135,897 · end of year $241,865,829

  • 4 · Accounts receivable

    beginning of year $93,942 · end of year $478,231

  • 7 · Other notes and loans receivable

    beginning of year $30,676,427 · end of year $28,680,437

  • 11 · Investments: publicly traded securities

    beginning of year $46,166,779

  • 12 · Investments: other securities

    beginning of year $2,804,013

  • 15 · Other assets

    beginning of year $137,670,088

  • 17 · Accounts payable and accrued expenses

    end of year $33,402

  • 18 · Grants payable

    beginning of year $29,267,148 · end of year $16,787,541

  • 25 · Other liabilities

    beginning of year $66,503,228 · end of year $112,636,361

  • 27 · Net assets without donor restrictions

    beginning of year $163,538,708 · end of year $147,115,927

  • 28 · Net assets with donor restrictions

    beginning of year -$16,422,781 · end of year -$1,848,911

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

NATIONAL NBSP;DONOR NBSP;ADVISED NBSP;FUND NBSP;THAT NBSP;RECEIVES NBSP;MANAGES NBSP;AND NBSP;LIQUIDATES NBSP;NON-CASH NBSP;ASSET NBSP;CONTRIBUTIONS NBSP;AND NBSP;PROVIDES NBSP;CHARITABLE NBSP;GIFT NBSP;ANNUITIES NBSP;DONORS NBSP;ARE NBSP;ENCOURAGED NBSP;TO NBSP;RECOMMEND NBSP;PUBLIC NBSP;CHARITIES NBSP;TO NBSP;RECEIVE NBSP;GRANTS NBSP;AND NBSP;INCREASE NBSP;CHARITABLE NBSP;GIVING

Activities or mission (Part I)

NATIONAL DONOR ADVISED FUND THAT RECEIVES, MANAGES, AND LIQUIDATES NON-CASH ASSET CONTRIBUTIONS AND PROVIDES CHARITABLE GIFT ANNUITIES. DONORS ARE ENCOURAGED TO RECOMMEND PUBLIC CHARITIES TO RECEIVE GRANTS AND INCREASE CHARITABLE GIVING.

  • NATIONAL DONOR ADVISED FUND THAT RECEIVES, MANAGES, AND LIQUIDATES NON-CASH ASSET CONTRIBUTIONS AND PROVIDES CHARITABLE GIFT ANNUITIES. DONORS ARE ENCOURAGED TO RECOMMEND PUBLIC CHARITIES TO RECEIVE GRANTS AND INCREASE CHARITABLE GIVING.

    Expenses $361,383,811 · Grants $359,669,007 · Revenue $363,531,846

As filed on the 2023 return.

Listed in Part VII

  • Gregory Dyer

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Steve Vansandt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Joseph Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Shannon Cofield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Anne Josey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ryan Raffin

    NONVOTING BOARD TREASURER

    Total calculated
    $0
    Hours/week
    45

  • Bryan Clontz

    NONVOTING BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    45

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
31 August 2023
IRS schema version
2023v5.1
Source object
202403199349315905

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

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