The Dch Foundation Inc
- Assets
- $10.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Tuscaloosa, AL
- Founding
- 05/1977
- Data as of
- 09/2023
- EIN
- 63-0718581
Organization Overview
The Dch Foundation Inc is located in Tuscaloosa, AL. The organization was established in 1977. 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. Dch 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 09/2023, Dch Foundation Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.1m during the year ending 09/2023. 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
TO PROVIDE FUNDS TO ENHANCE THE MEDICAL FACILITIES FOR THE DCH HEALTH SYSTEM WITH A FOCUS ON DCH REGIONAL MEDICAL CENTER AND NORTHPORT MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DCH FOUNDATION PROVIDED FUNDING AND SUPPORT TO DCH REGIONAL MEDICAL CENTER FOR VARIOUS PROGRAMS RELATED TO THE MEDICAL TREATMENT OF ITS PATIENTS.WHEN A COMMUNITY COMES TOGETHER IN PHILANTHROPY, WE CREATE A POSITIVE FORCE THAT OFFERS THE GREATEST HOPE FOR A BETTER HEALTHCARE FUTURE FOR EVERY PERSON, EVERY FAMILY EVERY DAY.OUR COMMUNITY IS STRONG AND VIBRANT, AND TOGETHER WE WILL CARRY ON OUR EFFORTS TO HELP OUR PATIENTS IN NEED. THE DCH FOUNDATION CONTINUES TO WORK CLOSELY WITH THE DCH HEALTH SYSTEM TO ADDRESS HEALTH CARE CHALLENGES THROUGH OUR JOINT BOARD TASK FORCE, COMPRISED OF LEADERS FROM THE FOUNDATION AND HEALTH SYSTEM BOARDS. THEIR LOVE FOR THIS COMMUNITY AND DESIRE FOR OUR HEALTH SYSTEM'S EXCELLENCE ENSURES YOUR GENEROSITY WILL HAVE THE GREATEST POSSIBLE IMPACT ON THE PATIENTS WE TREAT WHETHER THEY ARE YOUR FRIENDS, FAMILY, OR NEIGHBORS YOU JUST HAVEN'T MET YET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Brewer President | OfficerTrustee | 1 | $0 |
Julie Smith Vice President | OfficerTrustee | 1 | $0 |
Tim Parker Jr Treasurer | OfficerTrustee | 1 | $0 |
Sharon Harrison Secretary | OfficerTrustee | 1 | $0 |
Richard Burch Past President | OfficerTrustee | 1 | $0 |
Jennifer Agee Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $800,726 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $800,726 |
| Total Program Service Revenue | $0 |
| Investment income | $367,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $431,669 |
| Net Income from Fundraising Events | $219,004 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,818,709 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $616,868 |
| Grants and other assistance to domestic individuals. | $31,160 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,338 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,488 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,839 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $77,189 |
| Total functional expenses | $1,062,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $408,448 |
| Pledges and grants receivable | $191,487 |
| 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 | $0 |
| Investments—publicly traded securities | $10,321,986 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,921,921 |
| Accounts payable and accrued expenses | $620,625 |
| 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 | $620,625 |
| Net assets without donor restrictions | $1,700,475 |
| Net assets with donor restrictions | $8,600,821 |
| 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 | $10,921,921 |
Grants Awarded
Over the last fiscal year, The Dch Foundation Inc has awarded $517,294 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DCH REGIONAL MEDICAL CENTER PURPOSE: VARIOUS PROGRAMS | $456,369 |
DCH REGIONAL MEDICAL CENTER PURPOSE: PMTS ON BEHALF | $60,925 |