To provide Education programs for convenience products Distributors.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 6 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
1 of 5
filings with a surplus
Average deficit $128K a year · 62% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $4.6M in investments, Pt X · Ln 11–13
Fine: 0.3 months of spending in cash, plus $4.6M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.06% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
39
of 39 voting members
Looks good: 39 of 39 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$244K
+25% vs prior year
Spent
$407K
To programs
84%
Net assets
$4.7M
By yearFY2020–FY2024
Revenue
$244K
FY2024▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$85K
FY2021$655K
FY2022−$153K
FY2023$195K
FY2024$244K
Expenses
$407K
FY2024▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$317K
FY2021$265K
FY2022$342K
FY2023$333K
FY2024$407K
Net assets
$4.7M
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.6M
FY2021$5.7M
FY2022$4.7M
FY2023$4.8M
FY2024$4.7M

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 Jul 1991.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $343K Management & general 16% · $65K

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

48 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
1st Vice Chair
$0Pt VII · Sec A
Treas/2nd Vice Chair
$0Pt VII · Sec A
At Large Director
$0Pt VII · Sec A
Chair Emeritus
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
See Distributors Education Foundation INC 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 15aYes

Programs and updates

Provides educational programs and print materials to support and train convenience products distributors.

Questions for Distributors Education Foundation INC

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Provided by the organization

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3 programs · $343K · in their own filed words · FY2024
01

Educational seminars, webinars and materials to promote the knowledge of persons in the distribution industry. Approximately 250 persons benefitted.

$287Kprogram expense
02

Scholarships

Awarded to students connected with and expressing an interest in the distribution industry. 4 persons benefitted.

$48Kprogram expense
03

Print materials

$7Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $121K · 2020–2024
Unitemized GrantFY2024$45,895
Unitemized GrantFY2023$20,000
Unitemized GrantFY2022$20,000
Unitemized GrantFY2021$20,000
Unitemized GrantFY2020$15,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$244K
Ln 12
Investment incomeLn 3$244K
Money outPt IX
$407K
Ln 25
Programscol B$343K
Managementcol C$65K
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$4.7M
LiabilitiesLn 26$3K
PeoplePt VI, VII
48
listed · VII A
PaidVII A0
Voting boardVI 1a39
IndependentVI 1b39
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$244K
Gains on assetsLn 7$88K
Total revenueLn 12$244K
Assets in detailPt X, end of year
SavingsLn 2$9K
Cash and savings togetherLn 1–2$9K
InvestmentsLn 11–13$4.6M
Total assetsLn 16$4.7M
LiabilitiesLn 26$3K
Net assetsLn 32$4.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$271K$9K
InvestmentsLn 11–13$4.5M$4.6M
Total assetsLn 16$4.8M$4.7M
LiabilitiesLn 26$3K$3K
Net assetsLn 32$4.8M$4.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$46K$46K
Accounting feesLn 11c$23K$0$23K$0
Investment management feesLn 11f$41K$0$41K$0
Office expensesLn 13$823$0$823$0
Conferences, conventions and meetingsLn 19$138K$138K$0$0
Other expenses (24a–d)Ln 24$148K$148K$0$0
All other expensesLn 24e$11K$11K$0$0
Total functional expensesLn 25$407K$343K$65K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $244K$407K−$163K$4.7M 990 PDF
FY2023 $195K$333K−$138K$4.8M 990 PDF
FY2022 −$153K$342K−$495K$4.7M 990 PDF
FY2021 $655K$265K$389K$5.7M 990 PDF
FY2020 $85K$317K−$232K$5.6M 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 $244,247 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $194,874$244,247
I-11 Other revenue$0
I-12 Total revenuePrior year $194,874$244,247
I-13 Grants and similar amounts paidPrior year $20,000$45,895
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $312,688$361,365
I-18 Total expensesPrior year $332,688$407,260
I-19 Revenue less expensesPrior year −$137,814−$163,013
Part VI · Governance 39 of 39 board members independent, 3 to look at
VI-1a Voting members of the governing body39
VI-1b Independent voting members39
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $244,247 across 3 lines filed
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $155,783$155,783
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $88,464$88,464
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $244,247$244,247
Part IX · Statement of functional expenses $407,260 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $45,895$45,895
IX-11c Accounting feesPrograms $0 · Management $22,695 · Fundraising $0$22,695
IX-11f Investment management feesPrograms $0 · Management $41,028 · Fundraising $0$41,028
IX-13 Office expensesPrograms $0 · Management $823 · Fundraising $0$823
IX-19 Conferences, conventions and meetingsPrograms $137,678 · Management $0 · Fundraising $0$137,678
IX-24 Other expenses (24a–d)Programs $148,080 · Management $0 · Fundraising $0$148,080
IX-24e All other expensesPrograms $11,061 · Management $0 · Fundraising $0$11,061
IX-25 Total functional expensesPrograms $342,714 · Management $64,546 · Fundraising $0$407,260
Part X · Balance sheet $4,691,731 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $270,790$8,512
X-9 Prepaid expenses and deferred chargesStart of year $20,499$69,725
X-11 Publicly traded securitiesStart of year $4,473,520$4,613,494
X-16 Total assetsStart of year $4,764,809$4,691,731
X-17 Accounts payable and accrued expensesStart of year $450$2,635
X-25 Other liabilitiesStart of year $2,385$0
X-26 Total liabilitiesStart of year $2,835$2,635
X-27 Net assets without donor restrictionsStart of year $1,579,343$1,505,391
X-28 Net assets with donor restrictionsStart of year $3,182,631$3,183,705
X-32 Total net assets or fund balancesStart of year $4,761,974$4,689,096
X-33 Total liabilities and net assetsStart of year $4,764,809$4,691,731
Part XI · Reconciliation of net assets $4,689,096 net assets at year end
XI-1 Total revenue$244,247
XI-2 Total expenses$407,260
XI-3 Revenue less expenses−$163,013
XI-4 Net assets at start of year$4,761,974
XI-5 Net unrealized gains (losses) on investments$90,135
XI-10 Net assets at end of year$4,689,096

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

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