University Of Dc Foundation
- Assets
- $18.3m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1979
- Data as of
- 09/2023
- EIN
- 52-1152624
Organization Overview
University Of Dc Foundation is located in Washington, DC. The organization was established in 1979. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. University Of DC 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 09/2023, University Of DC Foundation generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $3.5m during the year ending 09/2023. While expenses have increased by 16.3% per year over the past 8 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS, FELLOWSHIPS AND INTERNSHIPS SUPPORT TO STUDENTS AT THE UNIVERSITY OF THE DISTRICT OF COLUMBIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald F Mason Jr Director (until 07/23) | Trustee | 1 | $0 |
Douglas Firstenberg President | OfficerTrustee | 1 | $0 |
Maurice Edington Director (from 08/23) | Trustee | 1 | $0 |
Beverly J Burke Vice President | OfficerTrustee | 1 | $0 |
Troy Lemaile-Stovall Treasurer | OfficerTrustee | 1 | $0 |
Michael B Goldstein Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $8,502 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,323,586 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,714,412 |
| Noncash contributions included in lines 1a–1f | $162,483 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,046,500 |
| Total Program Service Revenue | $0 |
| Investment income | $535,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $177,568 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,760,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,491,148 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,461 |
| Compensation of current officers, directors, key employees. | $27,061 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,489 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $143,500 |
| Fees for services: Accounting | $107,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $40,000 |
| Fees for services: Investment Management | $61,077 |
| Fees for services: Other | $470,830 |
| Advertising and promotion | $89,459 |
| Office expenses | $87,850 |
| Information technology | $40,098 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,892 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,523 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,128 |
| All other expenses | $10,483 |
| Total functional expenses | $3,536,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,958,274 |
| Pledges and grants receivable | $1,082,925 |
| 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 | $24,727 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,728,721 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $480,492 |
| Total assets | $18,275,139 |
| Accounts payable and accrued expenses | $228,415 |
| 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 | $228,415 |
| Net assets without donor restrictions | $4,567,339 |
| Net assets with donor restrictions | $13,479,385 |
| 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 | $18,275,139 |