To provide scholarships and other leadership opportunities for youth involved in Demolay.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
Run by 500 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
0 of 5
filings with a surplus
Average deficit $159K a year · 41% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $5.6M in investments, Pt X · Ln 11–13
Fine: 0.7 months of spending in cash, plus $5.6M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $34K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.06% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$422K
+18% vs prior year
Spent
$604K
To programs
55%
Net assets
$7.7M
By yearFY2020–FY2024
Revenue
$422K
FY2024▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$489K
FY2021$488K
FY2022$201K
FY2023$357K
FY2024$422K
Expenses
$604K
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$628K
FY2021$544K
FY2022$423K
FY2023$553K
FY2024$604K
Net assets
$7.7M
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.2M
FY2021$7.9M
FY2022$6.6M
FY2023$7.2M
FY2024$7.7M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1966.

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

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $331K Management & general 18% · $107K Fundraising 27% · $166K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer, Pgm
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Demolay Foundation Incorporated executive salaries →

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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 15aNo

Programs and updates

Offers scholarships and leadership programs for youth in DeMolay.

Questions for Demolay Foundation Incorporated

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Provided by the organization

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2 programs · $331K · in their own filed words · FY2024
01

Scholarship Program

Expenses related to grants for scholarships and to demolay international, given on the basis of service, leadership, need and academics.

$239Kprogram expense
02

Leadership Training

Expenses incurred in connection with providing educational and leadership opportunities to young men in demolay with the aim of building character and developing maturity.

$92Kprogram 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 · FY2024
Total grants receivedfrom 5 funders$34K
See all 5 funders →
Grants paid · 9 grants · $702K · 2020–2024
32033 Route 66 DemolayMD · FY2024$195,000
Unitemized GrantFY2024$44,200
Unitemized GrantFY2023$185,797
Unitemized GrantFY2023$40,250
Unitemized GrantFY2022$64,503
Unitemized GrantFY2022$32,700
Unitemized GrantFY2021$67,500
Unitemized GrantFY2021$39,250
Unitemized GrantFY2020$33,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$422K
Ln 12
Gifts and grantsLn 1h$208K
Investment incomeLn 3$148K
Fees for servicesLn 2g$63K
Money outPt IX
$604K
Ln 25
Programscol B$331K
Managementcol C$107K
Fundraisingcol D$166K
Owns and owesPt X
$7.7M
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$7.7M
LiabilitiesLn 26$5K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$208K
Fees for servicesLn 2g$63K
Investment incomeLn 3$148K
Other incomeLn 4–11$3K
Gains on assetsLn 7$790
Total revenueLn 12$422K
Assets in detailPt X, end of year
CashLn 1$34K
Cash and savings togetherLn 1–2$34K
InvestmentsLn 11–13$5.6M
Land, buildings, equipmentLn 10c$950K
Other assetsLn 15$1.1M
Total assetsLn 16$7.7M
LiabilitiesLn 26$5K
Net assetsLn 32$7.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6500
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$34K
InvestmentsLn 11–13$5.1M$5.6M
Land, buildings, equipmentLn 10c$1.0M$950K
Total assetsLn 16$7.2M$7.7M
LiabilitiesLn 26$7K$5K
Net assetsLn 32$7.2M$7.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$195K$195K
Grants to domestic individualsLn 2$44K$44K
Other salaries and wagesLn 7$44K$44K
Payroll taxesLn 10$6K$6K
Management feesLn 11a$38K$38K
Legal feesLn 11b$10$10
Accounting feesLn 11c$15K$15K
Professional fundraising feesLn 11e$64K$64K
Investment management feesLn 11f$31K$31K
Other fees for servicesLn 11g$54K$38K$16K
Office expensesLn 13$14K$12K$2K$182
Information technologyLn 14$13K$13K
OccupancyLn 16$7K$3K$2K$2K
TravelLn 17$950$950
Depreciation, depletion and amortizationLn 22$60K$30K$15K$15K
InsuranceLn 23$19K$10K$5K$5K
Total functional expensesLn 25$604K$331K$107K$166K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $422K$604K−$182K$7.7M 990 PDF
FY2023 $357K$553K−$196K$7.2M 990 PDF
FY2022 $201K$423K−$223K$6.6M 990 PDF
FY2021 $488K$544K−$56K$7.9M 990 PDF
FY2020 $489K$628K−$139K$7.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $421,772 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $149,116$208,162
I-9 Program service revenuePrior year $0$63,366
I-10 Investment incomePrior year $144,105$147,737
I-11 Other revenuePrior year $63,603$2,507
I-12 Total revenuePrior year $356,824$421,772
I-13 Grants and similar amounts paidPrior year $226,047$239,200
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$49,521
I-16a Professional fundraising feesPrior year $87,000$64,000
I-17 Other expensesPrior year $239,887$251,341
I-18 Total expensesPrior year $552,934$604,062
I-19 Revenue less expensesPrior year −$196,110−$182,290
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $421,772 across 7 lines filed
VIII-1f All other contributions, gifts and grants$208,162
VIII-1h Total contributions, gifts and grants$208,162
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $63,366$63,366
VIII-3 Investment incomeExcluded from tax $146,947$146,947
VIII-7 Net gain or loss on sales of assetsExcluded from tax $790$790
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,507$2,507
VIII-12 Total revenueRelated to mission $65,873 · Unrelated business $0 · Excluded from tax $147,737$421,772
Part IX · Statement of functional expenses $604,062 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $195,000$195,000
IX-2 Grants to domestic individualsPrograms $44,200$44,200
IX-7 Other salaries and wagesFundraising $43,846$43,846
IX-10 Payroll taxesFundraising $5,675$5,675
IX-11a Management feesManagement $37,500$37,500
IX-11b Legal feesManagement $10$10
IX-11c Accounting feesManagement $15,199$15,199
IX-11e Professional fundraising feesFundraising $64,000$64,000
IX-11f Investment management feesManagement $30,774$30,774
IX-11g Other fees for servicesPrograms $37,500 · Fundraising $16,089$53,589
IX-13 Office expensesPrograms $11,688 · Management $2,224 · Fundraising $182$14,094
IX-14 Information technologyFundraising $13,318$13,318
IX-16 OccupancyPrograms $3,480 · Management $1,740 · Fundraising $1,740$6,960
IX-17 TravelFundraising $950$950
IX-22 Depreciation, depletion and amortizationPrograms $29,940 · Management $14,970 · Fundraising $14,970$59,880
IX-23 InsurancePrograms $9,533 · Management $4,767 · Fundraising $4,767$19,067
IX-25 Total functional expensesPrograms $331,341 · Management $107,184 · Fundraising $165,537$604,062
Part X · Balance sheet $7,661,314 assets, 12 lines filed
X-1 Cash, non-interest-bearing$34,454
X-9 Prepaid expenses and deferred chargesStart of year $9,636$4,341
X-10c Land, buildings and equipment, netStart of year $1,001,094$950,131
X-11 Publicly traded securitiesStart of year $5,113,383$5,583,420
X-15 Other assetsStart of year $1,090,429$1,088,968
X-16 Total assetsStart of year $7,221,097$7,661,314
X-25 Other liabilitiesStart of year $0$4,510
X-26 Total liabilitiesStart of year $7,349$4,510
X-27 Net assets without donor restrictionsStart of year $5,186,407$5,503,876
X-28 Net assets with donor restrictionsStart of year $2,027,341$2,152,928
X-32 Total net assets or fund balancesStart of year $7,213,748$7,656,804
X-33 Total liabilities and net assetsStart of year $7,221,097$7,661,314
Part XI · Reconciliation of net assets $7,656,804 net assets at year end
XI-1 Total revenue$421,772
XI-2 Total expenses$604,062
XI-3 Revenue less expenses−$182,290
XI-4 Net assets at start of year$7,213,748
XI-5 Net unrealized gains (losses) on investments$677,990
XI-8 Prior period adjustments−$52,644
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,656,804

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

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