Skip to content
Nonprofiteer
← DONORS CAPITAL FUND INC

Form 990 for tax year 2024

Filed by DONORS CAPITAL FUND INC.

Totals

Total revenue
$7,407,128
Total expenses
$6,114,837
Contributions and grants received
$6,700,372
Grants paid
$6,006,389
Program service revenue
$0
Investment income
$706,756
Other revenue
$0
Total assets, end of year
$10,973,631
Total liabilities, end of year
$273,019
Net assets or fund balances, end of year
$10,700,612
Program services expenses (Part IX)
$6,006,389
Management and general expenses
$108,448
Fundraising expenses
$0
Program service expenses (Part III)
$6,006,389

Program services were 98.2% 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.

  • 1d · Related organizations

    $72,094

  • 1f · All other contributions, gifts and grants

    $6,628,278

  • 1g · Noncash contributions included above

    $64,810

  • 3 · Investment income

    total $422,314 · excluded $422,314

  • 7a · Gross sales of assets other than inventory

    securities $1,325,444

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

    securities $1,041,002

  • 7c · Gain or loss

    securities $284,442

  • 7d · Net gain or loss

    total $284,442 · excluded $284,442

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,969,339 · program services $5,969,339

  • 3 · Grants to foreign organizations and individuals

    total $37,050 · program services $37,050

  • 11c · Fees: accounting

    total $18,219 · management and general $18,219

  • 11f · Fees: investment management

    total $5,034 · management and general $5,034

  • 11g · Fees: other

    total $40,479 · management and general $40,479

  • 13 · Office expenses

    total $497 · management and general $497

  • 23 · Insurance

    total $25,008 · management and general $25,008

  • 24a · Other expenses: Charitable registration

    total $19,211 · management and general $19,211

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,899,439 · end of year $8,269,205

  • 11 · Investments: publicly traded securities

    beginning of year $3,596,036 · end of year $2,704,426

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,312 · end of year $273,019

  • 27 · Net assets without donor restrictions

    beginning of year $9,141,318 · end of year $4,158,668

  • 28 · Net assets with donor restrictions

    beginning of year $351,845 · end of year $6,541,944

Mission and programs · 2024

Mission

Support charities that alleviate, through education, research and private initiatives, society's most pervasive and radical needs, including those related to social welfare, health, the environment, economics, governance, foreign relations, and arts and culture.

Activities or mission (Part I)

Support a class of public charities firmly committed to liberty- See Schedule O

  • Donor Advised Fund Program: Donors Capital Fund supports a class of public charities firmly committed to liberty. These charities all help strengthen American civil society by promoting private initiatives rather than government programs as the solution to the most pressing issues of the day in the areas of social welfare, health, the environment, economics, governance, foreign relations, and arts and culture. Supported charities will also encourage private philanthropy and individual giving as opposed to governmental solutions to society's problems.

    Expenses $5,521,116 · Grants $5,521,116

  • Fiscal Sponsorships: Donors Capital Fund assists new organizations seeking public charity status whose missions are compatible with DCF's mission After due diligence of an organization is performed, the board decides whether to adopt the program as a DCF program. If adopted, DCF takes oversight of the program as its own, generally contracting with the new organization to perform the program's day-to-day activities. Once the new organization receives its positive determination letter from the IRS finding it is a publicly supported charity, the organization becomes a free-standing entity independent from DCF.

    Expenses $448,223 · Grants $448,223

  • FNGO Supporting Services: At the suggestion of donors to DCF or upon being approached by a foreign non-governmental organization directly, DCF will evaluate if the FNGO's mission is compatible with that of DCF's. If so, DCF may seek to obtain an equivalency determination from a qualified party finding that if the FNGO had been organized in the United States and had applied to the IRS for public charity status, in the opinion of the qualified party the FNGO would have received a positive determination letter from the IRS finding the FNGO would have qualified as a US publicly supported charity. If the qualified party issues a positive equivalency determination, DCF will accept contributions for the purpose of supporting the FNGO.

    Expenses $37,050 · Grants $37,050

As filed on the 2024 return.

Listed in Part VII

  • Lawson R Bader

    Chairman and President

    Total calculated
    $507,792
    From this org
    $0
    From related orgs
    $399,997
    Other
    $107,795
    Hours/week
    3 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $380,997 related
    Bonus
    $0 + $19,000 related
    Other
    $0
    Deferred
    $0 + $51,750 related
    Nontaxable benefits
    $0 + $56,045 related
    Filer's total
    $0 + $507,792 related

  • Jeffrey C Zysik

    CFO & Treasurer

    Total calculated
    $402,850
    From this org
    $0
    From related orgs
    $312,413
    Other
    $90,437
    Hours/week
    3 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $298,913 related
    Bonus
    $0 + $13,500 related
    Other
    $0
    Deferred
    $0 + $47,202 related
    Nontaxable benefits
    $0 + $43,235 related
    Filer's total
    $0 + $402,850 related

  • Christie Herrera

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1.5

  • Kimberly O Dennis

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Tracie Sharp

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brad Lips

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gregory Conko

    Secretary

    Total calculated
    $303,845
    From this org
    $0
    From related orgs
    $236,087
    Other
    $67,758
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,587 related
    Bonus
    $0 + $13,500 related
    Other
    $0
    Deferred
    $0 + $35,644 related
    Nontaxable benefits
    $0 + $32,114 related
    Filer's total
    $0 + $303,845 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

None.

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

The filer's explanations (Part III)

Part I, Line 3
Donors Capital Fund, Inc. does not have any compensated employees, officers or directors. The Oganization's President/Chairman, CFO/Treasurer, and Secretary are employed by Donors Trust, Inc., a related organization. Donors Trust's methods for establishing compensation include: Compensation committee Form 990 of other organizations Approval by the board or compensation committee

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.

  • Donors Capital Fund LLC

    Hold donor advsied fund asst · MD · income $0 · assets $0

    Directly controlled by Donors Capital Fund Inc

  • Free Society Coalition LLC

    Operate program of DCF · VA · income $25,000 · assets $9,162

    Directly controlled by Donors Capital Fund Inc

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533179349301118

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

The source document this was parsed from is served over the API, which is where bulk and document access live.