Dai Vernon Foundation Inc
- Assets
- $235.9k
- Revenue
- $23.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Studio City, CA
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 45-5148864
Organization Overview
Dai Vernon Foundation Inc is located in Studio City, CA. The organization was established in 2014. 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. Dai Vernon 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 06/2022, Dai Vernon Foundation Inc generated $23.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $26.4k during the year ending 06/2022. While expenses have increased by 7.1% 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 2015, Dai Vernon Foundation Inc has awarded 323 individual grants totaling $186,909. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAI VERNON FOUNDATION GIVES GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH. DURING 2018 TAX YEAR THE FOUNDATION GAVE GRANTS TO VARIOUS RECIPIENTS LISTED IN STATEMENT 7.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Gold Secretary | 0 | $0 | |
Stephen Levine President & CEO | 0 | $0 | |
Dennis Forel Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,318 |
| Interest on Savings | $15 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,333 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $90 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,385 |
| Total operating and administrative expenses | $1,475 |
| Contributions, gifts, grants paid | $24,945 |
| Total expenses and disbursements | $26,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,175 |
| Savings and temporary cash investments | $150,761 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $235,936 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Dai Vernon Foundation Inc has awarded $24,945 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
THOM PETERSON PURPOSE: GIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED,USUALLY DUE TO HEALTH. | $2,000 |
LOUIS TANNEN INC PURPOSE: GIVE EDUCATION GRANTS TO MAGIC CAMPS IN DEVASTATING FINANCIAL NEED. | $1,895 |
RICH FURGUSON PURPOSE: GIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH. | $1,500 |
ERIC MACK PURPOSE: GIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED,USUALLY DUE TO HEALTH. | $1,500 |
JEFF EZELL PURPOSE: GIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH. | $1,500 |
BILL JOSLIN PURPOSE: GIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED,USUALLY DUE TO HEALTH. | $1,200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dai Vernon Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Kaplan-Loring Foundation Inc Toluca Lake, CA PURPOSE: PERFORMING ARTS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |
Orange Coast College Foundation Costa Mesa, CA | $45,211,375 | $13,270,788 |