Diamond Mind Foundation
- Assets
- $1.9m
- Revenue
- $197.8k
- Investments
- $1.7m
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 47-6689769
Organization Overview
Diamond Mind Foundation is located in Gaithersburg, MD. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Diamond Mind 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, Diamond Mind Foundation generated $197.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.1% each year . All expenses for the organization totaled $240.8k during the year ending 12/2021. While expenses have increased by 40.4% per year over the past 4 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 2017, Diamond Mind Foundation has awarded 59 individual grants totaling $296,906. 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 |
|---|---|---|---|
Vladimir Novikov Trustee | 1 | $0 | |
Katherine Novikov Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $70,186 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $127,606 |
| Capital Gain Net Income | $127,606 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $197,792 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,126 |
| Depreciation | $0 |
| Occupancy | $726 |
| Travel, conferences, and meetings | $375 |
| Printing and publications | $2,004 |
| Other expenses | $14,560 |
| Total operating and administrative expenses | $74,815 |
| Contributions, gifts, grants paid | $165,953 |
| Total expenses and disbursements | $240,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $232,404 |
| 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 | $1,937,342 |
| Accounts payable and accrued expenses | $982 |
| 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 | $982 |
Grants Awarded
Over the last fiscal year, Diamond Mind Foundation has awarded $165,953 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CODE OF VETS INC PURPOSE: GENERAL OPERATING SUPPORT | $83,500 |
DOCUMENTARY FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $26,000 |
MOMS FOR LIBERTY PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
REASON FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
THE CLAREMONT INSTITUTE PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Irving, TX PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |