Dace Foundation
- Assets
- $74.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 38-4116440
Organization Overview
Dace Foundation is located in Frederick, MD. The organization was established in 2019. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Dace Foundation 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, Dace Foundation generated $29.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (39.5%) each year. All expenses for the organization totaled $36.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DACE FOUNDATION RUNS SEVERAL PROGRAMS IN SUPPORTING OVER 60 STUDENTS AT DIFFERENT LEVELS OF THEIR EDUCATION. 5 OF THESE STUDENTS ARE IN TOP UNIVERSITIES IN GHANA. THE NUMBER OF STUDENTS DACE SUPPORTS CONTINUOUS TO GROW YEAR BY YEAR AND WE ARE ON TRACK OF HAVING HUNDRED STUDENTS IN THE UNIVERSITIES BY 2030. WITHOUT DACE GENEROUS SUPPORT, THESE STUDENTS WILL NOT BE ABLE TO ATTEND COLLEGE. NOT ONLY IS DACE PROVIDING FUNDING FOR THEIR EDUCATION BUT ALSO ADDRESSING THE WELL-BEING OF ITS STUDENTS. THESE INCLUDE TAKING STUDENTS TO HOSPITALS AND PAYING FOR THEIR MEDICAL BILLS, ROUTINE PHYSICAL AND EYE CHECK-UPS, SUPPORTING THOSE WITH HOUSING OR FAMILY ISSUES, AND OTHER UNFORESEEN EVENTS THAT THEY MAY FACE. OUR VOLUNTEERS WORK WITH THESE STUDENTS, THEIR FAMILIES AND THEIR SCHOOL ADMINISTRATIONS TO ENSURE THE SUCCESS OF EVERY STUDENT.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,846 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $29,846 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,660 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $545 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,550 |
| Total expenses | $36,755 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,726 |
| Other assets | $0 |
| Total assets | $74,385 |
| Total liabilities | $13,422 |
| Net assets or fund balances | $60,963 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dace Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fredericksburg Academy Fredericksburg, VA | $16,548,090 | $10,152,012 |
Caravel Academy Inc Bear, DE | $15,134,520 | $11,726,062 |
Mathematics Civic & Sciences Charter School Of Philadelphia Inc Philadelphia, PA | $10,694,323 | $13,238,093 |
American Cooperative School Of Tunis Acst Association Seaford, DE | $24,162,067 | $10,809,438 |
Norfolk Christian Schools Norfolk, VA | $5,183,829 | $10,608,860 |
The Gesu School Inc Philadelphia, PA | $39,919,489 | $10,953,464 |
Universal Institute Charter School Philadelphia, PA | $3,423,551 | $10,521,421 |
St Johns Community Services Washington, DC | $8,809,464 | $3,028,058 |
Universal Creighton Charter School Philadelphia, PA | $7,031,660 | $11,882,466 |
Roberto Clemente Charter School Inc Allentown, PA | $8,062,358 | $9,252,989 |
Baltimore International Academy Inc Baltimore, MD | $2,786,381 | $9,080,666 |
The Next Step Public Charter School Washington, DC | $17,496,512 | $10,453,807 |