Dj Foundation Inc
- Assets
- $234.0k
- Revenue
- $384.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Murrells Inlet, SC
- Founding
- 05/2017
- Data as of
- 12/2023
- EIN
- 81-3501480
Organization Overview
Dj Foundation Inc is located in Murrells Inlet, SC. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public 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. Dj 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 12/2023, Dj Foundation Inc generated $384.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $632.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Dj Foundation Inc has awarded 23 individual grants totaling $955,377. 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
TO ENHANCE THE LIFE EXPERIENCES OF CHILDREN AND COLLEGE AGE ADULTS THROUGH GOLF PROGRAMS AND OTHER INITIATIVES THAT BUILD MORALS AND CHARACTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DUSTIN JOHNSON FOUNDATION PROVIDES SCHOLARSHIPS TO SUMMER CAMPS AND LESSONS FOR YOUTH TO LEARN THE GAME OF GOLF. THE DJ FOUNDATION IS FOCUSED ON A THREE-STEP APPROACH SO THAT AFTER YOUTH LEARN THE GAME, THEY CAN TAKE THEIR SKILLS ON THE COURSE AND GAIN COMFORTABILITY AND CONFIDENCE WHILE PLAYING. THE LAST PHASE IN THE TIERED APPROACH TO LEARNING IS PROVIDING OPPORTUNITIES AND SCHOLARSHIPS FOR YOUTH TO PLAY IN LOCAL, NATIONAL AND INTERNATIONAL COMPETITIONS, INCLUDING THE DJ WORLD JUNIOR HELD AT TPC MYRTLE BEACH EVERY YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Johnson President, Director | OfficerTrustee | 0.25 | $0 |
Allen Terrell Secretary, Director | OfficerTrustee | 20 | $20,000 |
David Winkle Treasurer, Director | OfficerTrustee | 0.25 | $0 |
Wayne Gretzky Director | Trustee | 0.25 | $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 | $383,589 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $383,589 |
| Total Program Service Revenue | $0 |
| Investment income | $1,047 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $228,900 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $55,000 |
| Fees for services: Legal | $9,706 |
| Fees for services: Accounting | $8,752 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,200 |
| 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 | $0 |
| Total functional expenses | $632,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $233,968 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $233,968 |
| 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 | $0 |
| 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 | $233,968 |
| Total liabilities and net assets/fund balances | $233,968 |
Grants Awarded
Over the last fiscal year, Dj Foundation Inc has awarded $199,400 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNSON AND TERRELL GOLF SCHOOL LLC PURPOSE: SCHOLARSHIPS, HURRICANE RELIEF, & JUNIOR GOLF EQUIPMENT | $153,400 |
METHODIST UNIVERSITY INC PURPOSE: DONATION TO THE PGA PROFESSIONAL GOLF MANAGEMENT PROGRAM TO AID IN FINANCIAL AID SCHOLARSHIPS. | $20,000 |
PROJECT GOLF PURPOSE: GENERAL SUPPORT | $16,000 |
SOCASTEE HIGH SCHOOL ATHLETIC ASSOCIATION PURPOSE: GENERAL SUPPORT | $10,000 |