Psi Chapter Diamond Association Charitable Foundation Inc
- Assets
- $1.5m
- Revenue
- $79.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Ocala, FL
- Founding
- 03/1979
- Data as of
- 12/2023
- EIN
- 25-1346247
Organization Overview
Psi Chapter Diamond Association Charitable Foundation Inc is located in Ocala, FL. The organization was established in 1979. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Psi Chapter Diamond Association Charitable 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 12/2023, Psi Chapter Diamond Association Charitable Foundation Inc generated $79.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $102.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Psi Chapter Diamond Association Charitable Foundation Inc has awarded 230 individual grants totaling $1,445,822. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S Dean Lesiak President & Director | 0 | $0 | |
T Scott Thompson Vice President & Director | 0 | $0 | |
Letort Trust Agent | 0 | $0 | |
David Cottington Director | 0 | $0 | |
Robert D Mackenzie Director | 0 | $0 | |
Brian D Nolan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,657 |
| Capital Gain Net Income | $33,657 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,276 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,549 |
| Printing and publications | $0 |
| Other expenses | $15,093 |
| Total operating and administrative expenses | $43,167 |
| Contributions, gifts, grants paid | $59,083 |
| Total expenses and disbursements | $102,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,538 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,535,540 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,540,078 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,349 |
| Total liabilities | $7,349 |
Grants Awarded
Over the last fiscal year, Psi Chapter Diamond Association Charitable Foundation Inc has awarded $59,083 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AYDEN TIANO PURPOSE: SCHOLARSHIP | $125 |
AARON BAIRD PURPOSE: SCHOLARSHIP | $750 |
BENJAMIN PYLES PURPOSE: SCHOLARSHIP | $2,012 |
BETHANY COLLEGE PURPOSE: SCHOLARSHIP AWARDS | $2,050 |
BETHANY VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL | $3,000 |
CHAD D BEHRENDT PURPOSE: SCHOLARSHIP | $980 |