Dyersville Area Foundation For The Future Inc
- Assets
- $848.6k
- Revenue
- $778.4k
- Investments
- $0.0
- Employees
- 32
- Location
- Dyersville, IA
- Founding
- 04/1989
- Data as of
- 12/2023
- EIN
- 42-1323377
Organization Overview
Dyersville Area Foundation For The Future Inc is located in Dyersville, IA. The organization was established in 1989. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Dyersville Area Foundation For The Future Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dyersville Area Foundation For The Future 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, Dyersville Area Foundation For The Future Inc generated $778.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $718.1k during the year ending 12/2023. While expenses have increased by 3.5% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DAFFI OPERATES AS A NONPROFIT CORPORATION THAT ENCOURAGES CONTRIBUTIONS FOR THE LONG TERM BENEFIT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KID'S PROJECT IS THE PRIMARY PROGRAM OF THE ORGANIZATION. THIS PROGRAM PROVIDED PRESCHOOL AND DAYCARE FOR 140 CHILDREN IN 2023.
DYERSVILLE AREA FOUNDATION FOR THE FUTURE (DAFFI) GIVES OUT GRANTS FOR THE LONG-TERM BENEFIT OF THE DYERSVILLE AREA. 14 GRANTS WERE AWARDED IN TAX YEAR 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karla Thompson Secretary | OfficerTrustee | 2 | $0 |
Mike English Director | Trustee | 1 | $0 |
Dave Schroeder Treasurer | OfficerTrustee | 2 | $0 |
Mary Ungs-Sogaard Director | Trustee | 1 | $0 |
Elliot Salter Director | Trustee | 1 | $0 |
Lisa Maiers Vice President | OfficerTrustee | 2 | $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 | $12,636 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,636 |
| Total Program Service Revenue | $735,577 |
| Investment income | $19,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$535 |
| Net Income from Fundraising Events | $3,982 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $778,393 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,074 |
| 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. | $58,622 |
| Compensation of current officers, directors, key employees. | $58,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $407,627 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47 |
| Payroll taxes | $35,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,043 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,165 |
| Fees for services: Other | $9,023 |
| Advertising and promotion | $1,159 |
| Office expenses | $910 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,331 |
| Travel | $240 |
| 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 | $16,475 |
| Insurance | $15,526 |
| All other expenses | $3,609 |
| Total functional expenses | $718,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,318 |
| Savings and temporary cash investments | $608,836 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $185,396 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $848,550 |
| Accounts payable and accrued expenses | $11,511 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $11,511 |
| Net assets without donor restrictions | $0 |
| 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 | $837,039 |
| Total liabilities and net assets/fund balances | $848,550 |
Grants Awarded
Over the last fiscal year, Dyersville Area Foundation For The Future Inc has awarded $24,596 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF WORTHINGTON PURPOSE: GENERAL SUPPORT | $1,500 |
DYERSVILLE FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $2,000 |
FARLEY VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $633 |
HILLS AND DALES CHILD DEVELOPMENT CENTER PURPOSE: GENERAL SUPPORT | $800 |
SETON CATHOLIC SCHOOLS PURPOSE: GENERAL SUPPORT | $500 |
SAINT FRANCIS XAVIER SCHOOL - DYERSVILLE PURPOSE: GENERAL SUPPORT | $500 |