Damar Foundation Inc
- Assets
- $59.4m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Indianapolis, IN
- Founding
- 03/2015
- Data as of
- 06/2021
- EIN
- 46-4444224
Organization Overview
Damar Foundation Inc is located in Indianapolis, IN. The organization was established in 2015. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 06/2021, Damar Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Damar 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 06/2021, Damar Foundation Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $2.7m during the year ending 06/2021. While expenses have increased by 2.6% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE DAMAR FOUNDATION, INC. WAS ORGANIZED TO EXCLUSIVELY BENEFIT, PERFORM AND CARRY OUT THE CHARITABLE, EDUCATIONAL, AND OTHER EXEMPT PURPOSES OF DAMAR SERVICES,INC.
Describe the Organization's Program Activity:
SUPPORT OF THE CHARITABLE, EDUCATIONAL AND OTHER EXEMPT PURPOSES OF DAMAR SERVICES, INC. THROUGH RAISING THE VISIBILITY OF DAMAR AMONG SUPPORTERS, FAMILIES WHO BENEFIT FROM THE SERVICES, POLICYMAKERS AND MEMBERS OF THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth File President | Officer | 40 | $157,070 |
Shawn Collinsworth President (begin 6/6/21) | Officer | 40 | $88,806 |
Patrick Tynan Chair | OfficerTrustee | 2 | $0 |
Lisa Grimes Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jim Isch Director | Trustee | 1 | $0 |
Jeff Hadden Director (begin 1/31/21) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,099 |
| Membership dues | $0 |
| Fundraising events | $11,461 |
| Related organizations | $0 |
| Government grants | $183,256 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,049,932 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,251,748 |
| Total Program Service Revenue | $1,611,582 |
| Investment income | $949,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $77,744 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,890,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $608,109 |
| 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. | $163,262 |
| Compensation of current officers, directors, key employees. | $16,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $303,203 |
| Pension plan accruals and contributions | $7,157 |
| Other employee benefits | $39,689 |
| Payroll taxes | $31,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,241 |
| Fees for services: Accounting | $2,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,277 |
| Fees for services: Other | $81,822 |
| Advertising and promotion | $169,470 |
| Office expenses | $0 |
| Information technology | $12,558 |
| Royalties | $0 |
| Occupancy | $34,890 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,168,091 |
| Insurance | $2,369 |
| All other expenses | $26,563 |
| Total functional expenses | $2,710,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,813,368 |
| Savings and temporary cash investments | $56,239 |
| Pledges and grants receivable | $744,403 |
| Accounts receivable, net | $112,611 |
| 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 | $14,230,991 |
| Investments—publicly traded securities | $42,428,927 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,816 |
| Total assets | $59,448,355 |
| Accounts payable and accrued expenses | $70,639 |
| 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 | $70,639 |
| Net assets without donor restrictions | $43,562,810 |
| Net assets with donor restrictions | $15,814,906 |
| 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 | $59,448,355 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Damar Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Mj Insurance Charitable Foundation Phoenix, AZ PURPOSE: GENERAL CONTRIBUTION | $5,000 |
Endowment Analysis
| Beg. Balance | $31,528,283 |
| Earnings | $8,570,913 |
| Admin Expense | $34,864 |
| Ending Balance | $40,064,332 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Senior Ministries Inc St Louis, MO | $12,712,163 | $13,139,984 |
Indiana Masonic Home Foundation Incorporated Indianapolis, IN | $99,812,829 | $12,316,628 |
Friends Of Flance Center St Louis, MO | $0 | $160,628 |
Catholic Charities Foundation St Louis, MO | $17,905,767 | $7,836,283 |
Lutheran Senior Services Endowment Fund St Louis, MO | $77,808,847 | $9,810,393 |
Jewish Home And Care Center Foundation Inc Milwaukee, WI | $195,682,199 | $22,064,054 |
Enterprise Zone Education And Training Center Corporation Evansville, IN | $4,249,617 | $5,412,109 |
Cradle Foundation Evanston, IL | $14,544,905 | $2,396,350 |
Damar Foundation Inc Indianapolis, IN | $59,448,355 | $4,890,477 |
Foundation For Lutheran Child And Family Services Indiana Inc Indianapolis, IN | $66,891,631 | $17,990,670 |
Alliance Against Assault And Abuse Kansas City, MO | $0 | $0 |
Family Shelter Service Inc Wheaton, IL | $0 | $2,336,670 |