Dechomai Foundation Inc
- Assets
- $294.2m
- Revenue
- $177.7m
- Investments
- $3.9m
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 06-1676688
Organization Overview
Dechomai Foundation Inc is located in Jacksonville, FL. The organization was established in 2003. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dechomai Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Dechomai Foundation Inc generated $177.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.4% each year . All expenses for the organization totaled $128.4m during the year ending 12/2021. While expenses have increased by 42.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Dechomai Foundation Inc has awarded 90 individual grants totaling $575,072,574. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Dyer Board President | OfficerTrustee | 1 | $0 |
Bryan Clontz Board Secretary Nonvoting | Officer | 5 | $0 |
Jeff Shields Director | Trustee | 1 | $0 |
Joseph Tombs Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,276,458 |
| Noncash contributions included in lines 1a–1f | $158,565,208 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,276,458 |
| Total Program Service Revenue | $0 |
| Investment income | $2,546,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,000 |
| Net Gain/Loss on Asset Sales | $2,484,896 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $177,680,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $126,774,467 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,384,385 |
| Fees for services: Legal | $66,667 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $90,204 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,853 |
| All other expenses | $0 |
| Total functional expenses | $128,371,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,852 |
| Savings and temporary cash investments | $27,424,449 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,162 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $34,412,110 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,125,590 |
| Investments—other securities | $3,938,643 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $212,926,235 |
| Total assets | $294,238,041 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $119,108,293 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,591,040 |
| Total liabilities | $130,699,333 |
| Net assets without donor restrictions | $163,538,708 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $294,238,041 |
Grants Awarded
Over the last fiscal year, Dechomai Foundation Inc has awarded $404,864,899 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: unrestricted | $111,379,879 |
Boston, MA PURPOSE: unrestricted | $91,274,787 |
New York, NY PURPOSE: unrestricted | $86,196,255 |
Beverly Hills, CA PURPOSE: unrestricted | $19,327,009 |
Southeastern, PA PURPOSE: unrestricted | $18,378,803 |
Hudson, OH PURPOSE: unrestricted | $13,267,272 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Dechomai Foundation Inc has recieved totaling $391,308,331.
| Awarding Organization | Amount |
|---|---|
Dechomai Asset Trust Jacksonville, FL PURPOSE: unrestricted | $365,169,132 |
Fjc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $13,079,133 |
Faith Charitable Trust Omaha, NE PURPOSE: Philanthropy, Voluntarism | $8,060,066 |
Emergency Assistance Foundation Inc West Palm Beach, FL PURPOSE: Establish a donor advised fund for EAF | $5,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dechomai Foundation Inc Jacksonville, FL | $294,238,041 | $177,680,530 |
United Way Of Greater Atlanta Inc Atlanta, GA | $107,175,285 | $131,989,974 |
United Way Of Central Alabama Inc Birmingham, AL | $126,895,540 | $107,396,497 |
Greater Miami Jewish Federation Miami, FL | $526,029,047 | $149,579,528 |
United Way Miami Inc Miami, FL | $146,891,881 | $55,112,888 |
Community Action Partnership Of North Alabama Inc Decatur, AL | $106,792,545 | $49,339,847 |
United Way Of Northeast Florida Inc Jacksonville, FL | $41,231,391 | $43,923,077 |
Jewish Federation Of Greater Atlanta Inc Atlanta, GA | $335,156,066 | $46,977,032 |
Jewish Federation Of Palm Beach County Inc West Palm Beach, FL | $188,649,798 | $40,996,005 |
United Way Of Broward County Fort Lauderdale, FL | $30,254,563 | $21,112,252 |
Heart Of Florida United Way Orlando, FL | $52,280,258 | $21,120,938 |
United Way Suncoast Inc Tampa, FL | $59,673,502 | $17,914,764 |