Dfrc Inc
- Assets
- $1.5m
- Revenue
- $499.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Newark, DE
- Founding
- 02/1979
- Data as of
- 12/2023
- EIN
- 51-0102390
Organization Overview
Dfrc Inc is located in Newark, DE. The organization was established in 1979. As of 12/2023, Dfrc Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dfrc 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, Dfrc Inc generated $499.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $646.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Dfrc Inc has awarded 39 individual grants totaling $300,025. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF DFRC IS TO ENRICH THE LIVES OF DELAWAREANS WITH INTELLECTUAL DISABILITIES. DFRC IS A WELL-RESPECTED FOUNDATION DEDICATED TO RAISING FUNDS AND CONSCIOUSNESS THROUGH QUALITY EVENTS TO SUPPORT ENRICHMENT PROGRAMS SO THAT ALL DELAWAREANS WITH INTELLECTUAL DISABILITIES MAXIMIZE THEIR POTENTIAL, INDEPENDENCE, AND ENJOYMENT OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO DELAWARE NONPROFIT AGENCIES WHO PROVIDE ENRICHMENT PROGRAMS THAT ALLOW PEOPLE WITH INTELLECTUAL DISABILITIES TO MAXIMIZE THEIR POTENTIAL, INDEPENDENCE, AND ENJOYMENT OF LIFE.
THE DFRC BLUE-GOLD ALL STAR FOOTBALL GAME IS A SIX MONTH PROGRAM MATCHING DELAWARE HIGH SCHOOL STUDENTS, ALL VOLUNTEERS, WITH CHILDREN WITH INTELLECTUAL DISABILITIES TO PROMOTE AWARENESS AND UNDERSTANDING WITH THEIR PEER GROUPS AND FELLOW STUDENTS IN THEIR SCHOOLS.
DFRC CONDUCTS TWO REGIONAL GOLF OUTINGS AND NUMEROUS OTHER EVENTS TO INCREASE THE GENERAL PUBLIC'S AWARENESS OF THE ISSUES AND CHALLENGES FACED BY CHILDREN WITH INTELLECTUAL DISABILITIES WITHIN THE STATE OF DELAWARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha L Mcdonough President | OfficerTrustee | 0.1 | $0 |
John A Mccarthy Treasurer | OfficerTrustee | 0.1 | $0 |
Adam Webster Secretary | OfficerTrustee | 0.1 | $0 |
Harry N Baetjer Trustee | Trustee | 0.1 | $0 |
Ruth W Banta Trustee | Trustee | 0.1 | $0 |
Bruce A Dinardo Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,787 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,879 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,666 |
| Total Program Service Revenue | $301,093 |
| Investment income | $23,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,213 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $498,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,699 |
| 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. | $85,154 |
| Compensation of current officers, directors, key employees. | $25,547 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,120 |
| Pension plan accruals and contributions | $2,597 |
| Other employee benefits | $18,631 |
| Payroll taxes | $14,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $61,682 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,000 |
| Travel | $4,706 |
| 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 | $472 |
| Insurance | $0 |
| All other expenses | $1,672 |
| Total functional expenses | $646,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,348 |
| Savings and temporary cash investments | $70,700 |
| 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 | $1,751 |
| Investments—publicly traded securities | $1,292,968 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,456,767 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,456,767 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,456,767 |
Grants Awarded
Over the last fiscal year, Dfrc Inc has awarded $29,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ART THERAPY EXPRESS PROGRAM PURPOSE: TO PROMOTE A BETTER UNDERSTANDING OF CITIZENS WITH INTELLECTUAL DISABILITIES | $6,400 |
DELAWARE THEATRE PROGRAM PURPOSE: TO PROMOTE A BETTER UNDERSTANDING OF CITIZENS WITH INTELLECTUAL DISABILITIES | $5,500 |
WAGGIES BY MAGGIE & FRIENDS PURPOSE: TO PROMOTE A BETTER UNDERSTANDING OF CITIZENS WITH INTELLECTUAL DISABILITIES | $5,100 |
DOWN SYNDROME ASSOCIATION PURPOSE: TO PROMOTE A BETTER UNDERSTANDING OF CITIZENS WITH INTELLECTUAL DISABILITIES | $6,000 |
FOOD BANK OF DELAWARE PURPOSE: TO PROMOTE A BETTER UNDERSTANDING OF CITIZENS WITH INTELLECTUAL DISABILITIES | $6,000 |