D3 Foundation is located in Huntersville, NC. The organization was established in 2017. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. D3 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, D3 Foundation generated $190.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $178.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Douglass J Abell Sr Director | 20 | $0 | |
Douglas Abell Director | 5 | $0 | |
Cher Abell Director | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $190,550 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $190,550 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $0 |
Depreciation | $0 |
Occupancy | $10,901 |
Travel, conferences, and meetings | $5,140 |
Printing and publications | $353 |
Other expenses | $16,422 |
Total operating and administrative expenses | $46,982 |
Contributions, gifts, grants paid | $130,977 |
Total expenses and disbursements | $177,959 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $56,647 |
Savings and temporary cash investments | $0 |
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 | $56,647 |
Accounts payable and accrued expenses | $2,534 |
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 | $2,534 |
Over the last fiscal year, D3 Foundation has awarded $23,402 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Cincinnati, OH PURPOSE: TUITION ASSISTANCE | $14,925 |
CHRIST THE KING CATHOLIC HS PURPOSE: TUITION ASSITANCE | $8,477 |
Over the last fiscal year, we have identified 1 grants that D3 Foundation has recieved totaling $25,000.
Awarding Organization | Amount |
---|---|
Grace Hospice Foundation Inc Mooresville, NC PURPOSE: EVENT SPONSORSHIP | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
State Employees Credit Union Foundation Raleigh, NC | $54,794,768 | $18,518,126 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Campbell Young Leaders Inc Greenville, SC | $34,637,987 | $7,007,042 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Moore Farms Botanical Garden Foundation Lake City, SC | $7,988,392 | $2,099,445 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Agecroft Association Richmond, VA | $24,452,362 | $3,235,294 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |
Beech Foundation Inc Conyers, GA | $2,116,092 | $45,755 |
Ships Of The Sea Maritime Museum Inc Savannah, GA | $19,982,417 | $1,881,579 |
Centurion Holdings 1 Inc Atlanta, GA | $91,960,624 | $853,013 |
Margaret Paxton Memorial For Convalesctent Children Leesburg, VA | $9,241,514 | $486,941 |