Dippikill INC EIN 56-2443538 Form 990 (PDF) Claim this org

Dippikill INC FY2020 filing

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Offers a wilderness retreat for university students, alumni, faculty, and staff to support learning and various courses of study. For fiscal year 2020 it reported $415K in revenue, $470K in expenses, and $1.6M in net assets.Pt I

Founded
2004
Type
Public charity (501(c)(3)) · Education
Location
Albany, NY
Website
www.dippikill.com
Filings
5 on file (2020–2020)
Revenue
$415KFY2020
Expenses
$470K
Net assets
$1.6M
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  56-2443538 Public charity (501(c)(3)) Albany, NY Founded 2004
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Offers a wilderness retreat for university students, alumni, faculty, and staff to support learning and various courses of study.
Leadership
Shannon Beal · Executive Office Manager
Money in and out
$415K revenue, $470K expenses
Bottom line
57% program efficiency
Where the money goes · FY2020
Total revenue
$415K
Pt VIII · Ln 12
Total expenses
$470K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$56K
Where spending went · Part IX cols B–D
Program services $0.57 Management & general $0.43
Program efficiency
57%
of spending reaches programs
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$415K
FY2020
Expenses
$470K
FY2020
Total assets
$1.9M
FY2020
Total liabilities
$217K
FY2020
Total revenue
$415K
Pt VIII · Ln 12
Total expenses
$470K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$56K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B57%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDippikill INC
EINHdr · item D56-2443538
Principal addressHdr · item CAlbany, NY
WebsiteHdr · item Jwww.dippikill.com
Year of formationHdr · item L2004
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B900)
Ruling yearIRS BMFFeb 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Office Manager
$0Pt VII · Sec A
President & CEO (to Feb)
$0Pt VII · Sec A
Comptroller & CFO
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Dippikill INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $266K of program spending, described in the organization's own filed words · FY2019.
01

Dippikill is an 850 acre wilderness retreat facility open to universityat albany undergraduates and the university at albany affiliates,graduate students, alumni, faculty and staff. Dippikill wasestablished for the purposes of facilitating the endeavors of learningand the general benefit of undergraduates enrolled at the stateuniversity…

$266Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$259K · 62%
Program service revenue$155K · 37%
Contributions & grants62%$259K
Program service revenue37%$155K
Investment income$156
Total revenueLn 12$415K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.57 Management & general $0.43
Program services57%$266K
Management & general43%$204K
Total functional expensesLn 25$470K

Balance Sheet

Part X · end of year
CashLn 1$288K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$217K
Total net assetsLn 32$1.6M
Months of cash on handcomputed7.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $288K · Operating expenses/yr $470K
7.4 months
Where the money goes
Program services
Program services $266K · Total expenses $470K
57%
Management & General
Management & general $204K · Total expenses $470K
43%
Fundraising
Fundraising $0 · Total expenses $470K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $259K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $259K · Total revenue $415K
62%
Government reliance
Government grants — · Total revenue $415K
Earned-income share
Program service revenue $155K · Total revenue $415K
37%
Investment reliance
Investment income $156 · Total revenue $415K
+0.04%
Program self-sufficiency
Program service revenue $155K · Total expenses $470K
33%
Growth & trend
Revenue growth (YoY)
This year $415K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $415K · Expenses $470K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.6M · Total assets $1.9M
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shannon Beal · Reported title EXECUTIVE OFFICE MANAGER · Highest reported compensation $0 · Total expenses $470K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $254K · Total expenses $470K
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 57%
Overhead ratio 43%
Fundraising cost ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$765K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$423K revenue · ⤓ 990 PDF
FY2023$470K revenue · ⤓ 990 PDF
FY2022$423K revenue · ⤓ 990 PDF
FY2021$395K revenue · ⤓ 990 PDF
FY2020$415K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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