Destination Imagination INC FY2024 filing

Tax-deductible

Blackwood, NJ501(c)(3)Since 2000EIN 22-2415554Revenue $5.4M in FY2024

On file with the IRSdestinationimagination.org141 S Black Horse Pike Ste 203, 08012-2959 · Blackwood, NJTax-exempt since Aug 1988Publicly supported charity — 170(b)(1)(A)(vi)

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Destination imagination's mission is to inspire and equip youth to become the next generation of innovators and leaders through creative, collaborative, and project-based educational experiences. (see schedule o)the organization's governing body supports this mission through strategic oversight, program development, educational outreach, and initiatives designed to expand access to students and communities that would benefit from participation in Destination Imagination programs.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$453K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $447K a year · 12% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$453K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $505K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$604K
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.4M
+22% vs prior year
Spent
$4.5M
To programs
74%
Net assets
$712K
By yearFY2020–FY2024
Revenue
$5.4M
FY2024▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$1.9M
FY2022$4.6M
FY2023$4.4M
FY2024$5.4M
FY2024$4.7M
Expenses
$4.5M
FY2024+0.5%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$3.0M
FY2022$5.0M
FY2023$4.5M
FY2024$4.5M
FY2024$5.0M
Net assets
$712K
FY2024▲ +790%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$430K
FY2022$9K
FY2023−$103K
FY2024$712K
FY2024$387K

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $3.3M Management & general 23% · $1.1M Fundraising 3% · $132K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $453K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$215,101Pt VII · Sec A
Managing Director of Internal Operations
$128,105Pt VII · Sec A
Dir. Strategic Initiatives & Events
$109,921Pt VII · Sec A
Chair Emeritus
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Michele Tuck-Ponder$224,072$215,101$188,841$186,550$180,783$213,494
Kevin McDonough$132,490$128,105$129,214$117,000$115,390$123,223
Paige Michelle Curtis$113,620—————
Paige Curtis—$109,921$109,814—$100,440$105,459
Adam Law$102,854—————
Donald Aufiero$102,533—————
Katherine Wise Grimes$101,734—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops creativity and abilities through educational programs for groups worldwide.

Provided by the organization

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1 program · $3.3M · in their own filed words · FY2023
01

Global finals (GF) is an annual live event GF is a competition for the winners of our affiliates' local, state, and regional challenge competitions from around the world. These top teams compete in our educational challenge programs to determine top teams.

$3.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$505K
Grants paid · 3 grants · $42K · 2019–2024
Unitemized GrantFY2024$12,001
Unitemized GrantFY2023$9,000
Unitemized GrantFY2019$21,250

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.4M
Ln 12
Fees for servicesLn 2g$4.5M
Gifts and grantsLn 1h$689K
Other incomeLn 4–11$149K
Money outPt IX
$4.5M
Ln 25
Programscol B$3.3M
Managementcol C$1.1M
Fundraisingcol D$132K
Owns and owesPt X
$712K
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.3M
LiabilitiesLn 26$604K
PeoplePt VI, VII
17
listed · VII A
PaidVII A3
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$689K
Fees for servicesLn 2g$4.5M
Other incomeLn 4–11$149K
Total revenueLn 12$5.4M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$6K
Total assetsLn 16$1.3M
LiabilitiesLn 26$604K
Net assetsLn 32$712K
OperationsPt I, VI
EmployeesI 516
VolunteersI 69,000
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$207K$1.0M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$440K$1.3M
LiabilitiesLn 26$543K$604K
Net assetsLn 32−$103K$712K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$9K$9K
Pay of current officers, directors and key staffLn 5$248K$149K$81K$17K
Other salaries and wagesLn 7$1.2M$760K$314K$86K
Other employee benefitsLn 9$75K$25K$47K$3K
Payroll taxesLn 10$120K$32K$83K$4K
Legal feesLn 11b$53K$53K
Accounting feesLn 11c$95K$95K
Other fees for servicesLn 11g$235K$234K$909
Advertising and promotionLn 12$9K$1K$2K$6K
Office expensesLn 13$8K$5K$4K$115
Information technologyLn 14$512K$324K$186K$3K
OccupancyLn 16$660K$647K$10K$3K
TravelLn 17$94K$81K$10K$2K
Conferences, conventions and meetingsLn 19$736K$736K
InsuranceLn 23$54K$27K$22K$5K
Other expenses (24a–d)Ln 24$378K$224K$154K$0
All other expensesLn 24e$99K$93K$4K$2K
Total functional expensesLn 25$4.5M$3.3M$1.1M$132K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $5.4M$4.5M$815K$712K 990 PDF
FY2023 $4.4M$4.5M−$118K−$103K 990 PDF
FY2022 $4.6M$5.0M−$422K$9K 990 PDF
FY2021 $1.9M$3.0M−$1.2M$430K 990 PDF
FY2020 $2.0M$3.3M−$1.3M$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $5,359,430 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $663,090$689,214
I-9 Program service revenuePrior year $3,605,491$4,521,408
I-10 Investment incomePrior year −$5,164$0
I-11 Other revenuePrior year $142,168$148,808
I-12 Total revenuePrior year $4,405,585$5,359,430
I-13 Grants and similar amounts paidPrior year $0$9,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,632,662$1,601,684
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,890,977$2,933,320
I-18 Total expensesPrior year $4,523,639$4,544,004
I-19 Revenue less expensesPrior year −$118,054$815,426
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,359,430 across 5 lines filed
Lines not itemized here account for $43,831 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$689,214
VIII-1h Total contributions, gifts and grants$689,214
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,521,408$4,521,408
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $104,977$104,977
VIII-12 Total revenueRelated to mission $4,521,408 · Unrelated business $0 · Excluded from tax $148,808$5,359,430
Part IX · Statement of functional expenses $4,544,004 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $9,000$9,000
IX-5 Pay of current officers, directors and key staffPrograms $149,355 · Management $81,166 · Fundraising $17,042$247,563
IX-7 Other salaries and wagesPrograms $759,749 · Management $314,010 · Fundraising $85,715$1,159,474
IX-9 Other employee benefitsPrograms $24,870 · Management $47,033 · Fundraising $3,169$75,072
IX-10 Payroll taxesPrograms $32,304 · Management $82,940 · Fundraising $4,331$119,575
IX-11b Legal feesManagement $52,969$52,969
IX-11c Accounting feesManagement $95,370$95,370
IX-11g Other fees for servicesPrograms $233,744 · Fundraising $909$234,653
IX-12 Advertising and promotionPrograms $1,104 · Management $2,224 · Fundraising $5,843$9,171
IX-13 Office expensesPrograms $4,589 · Management $3,695 · Fundraising $115$8,399
IX-14 Information technologyPrograms $323,875 · Management $185,544 · Fundraising $2,905$512,324
IX-16 OccupancyPrograms $646,585 · Management $10,478 · Fundraising $2,620$659,683
IX-17 TravelPrograms $81,317 · Management $10,148 · Fundraising $2,204$93,669
IX-19 Conferences, conventions and meetingsPrograms $736,084$736,084
IX-23 InsurancePrograms $27,174 · Management $21,739 · Fundraising $5,435$54,348
IX-24 Other expenses (24a–d)Programs $224,103 · Management $153,543 · Fundraising $0$377,646
IX-24e All other expensesPrograms $93,393 · Management $3,614 · Fundraising $1,997$99,004
IX-25 Total functional expensesPrograms $3,347,246 · Management $1,064,473 · Fundraising $132,285$4,544,004
Part X · Balance sheet $1,316,064 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $207,225$1,044,509
X-4 Accounts receivableStart of year $125,051$160,623
X-9 Prepaid expenses and deferred chargesStart of year $84,413$104,952
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $22,823$5,980
X-16 Total assetsStart of year $439,512$1,316,064
X-17 Accounts payable and accrued expensesStart of year $199,889$227,315
X-19 Deferred revenueStart of year $288,772$333,260
X-25 Other liabilitiesStart of year $54,096$43,308
X-26 Total liabilitiesStart of year $542,757$603,883
X-27 Net assets without donor restrictionsStart of year −$103,245$712,181
X-32 Total net assets or fund balancesStart of year −$103,245$712,181
X-33 Total liabilities and net assetsStart of year $439,512$1,316,064
Part XI · Reconciliation of net assets $712,181 net assets at year end
XI-1 Total revenue$5,359,430
XI-2 Total expenses$4,544,004
XI-3 Revenue less expenses$815,426
XI-4 Net assets at start of year−$103,245
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$712,181

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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