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Daniel Memorial Properties INC FY2020 filing

Not tax-deductible

Jacksonville, FLMutual-benefit / member-servingEIN 59-2953527Revenue $533K in FY2020

On file with the IRS4203 Southpoint Blvd, 32216-6164 · Jacksonville, FLTax-exempt since May 1990

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Daniel Memorial Properties exists for the purpose of holding title to property used exclusively for educational, literary, scientific or charitable activities in the local community.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $361K a year · 35% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
26 mo
of spending, in cash
Looks good: 26.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.8M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$533K
Spent
$627K
Net assets
$3.8M
By yearFY2020–FY2025
Revenue
$533K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$533K
FY2021$1.7M
FY2022$969K
FY2023$1.0M
FY2024$849K
FY2025$1.1M
Expenses
$627K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$627K
FY2021$614K
FY2022$662K
FY2023$657K
FY2024$684K
FY2025$761K
Net assets
$3.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.8M
FY2021$4.9M
FY2022$4.8M
FY2023$5.1M
FY2024$5.3M
FY2025$5.8M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1990.

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Betsy Cox
Vice Chairman
$0Pt VII · Sec A
Lewis Hunter
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Lesley Wells
President/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
See Daniel Memorial Properties 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

Holds property title for local educational, literary, scientific, or charitable activities.

Questions for Daniel Memorial Properties INC

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Provided by the organization

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By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$533K
Ln 12
Fees for servicesLn 2g$495K
Investment incomeLn 3$38K
Money outPt IX
$627K
Ln 25
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$5.6M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$495K
Investment incomeLn 3$38K
Gains on assetsLn 7$17K
Total revenueLn 12$533K
Assets in detailPt X, end of year
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$337K
Land, buildings, equipmentLn 10c$3.9M
Other assetsLn 15$78K
Total assetsLn 16$5.6M
LiabilitiesLn 26$1.8M
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$375K$1.4M
InvestmentsLn 11–13$331K$337K
Land, buildings, equipmentLn 10c$3.8M$3.9M
Total assetsLn 16$4.9M$5.6M
LiabilitiesLn 26$986K$1.8M
Net assetsLn 32$4.0M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$3K
Other fees for servicesLn 11g$4K
Office expensesLn 13$2K
OccupancyLn 16$149K
InterestLn 20$27K
Payments to affiliatesLn 21$58K
Depreciation, depletion and amortizationLn 22$225K
InsuranceLn 23$63K
Other expenses (24a–d)Ln 24$95K
Total functional expensesLn 25$627K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$761K$382K$5.8M 990 PDF
FY2024 $849K$684K$165K$5.3M 990 PDF
FY2023 $1.0M$657K$360K$5.1M 990 PDF
FY2022 $969K$662K$307K$4.8M 990 PDF
FY2021 $1.7M$614K$1.0M$4.9M 990 PDF
FY2020 Viewing $533K$627K−$94K$3.8M 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 FY2020 990 (6 parts)
Part I · Summary $532,933 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $48,981$0
I-9 Program service revenuePrior year $552,840$494,840
I-10 Investment incomePrior year $26,378$38,093
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $628,199$532,933
I-13 Grants and similar amounts paidPrior year $622,028$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$626,917
I-18 Total expensesPrior year $622,028$626,917
I-19 Revenue less expensesPrior year $6,171−$93,984
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $532,933 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $494,840$494,840
VIII-3 Investment incomeExcluded from tax $21,200$21,200
VIII-7 Net gain or loss on sales of assetsExcluded from tax $16,893$16,893
VIII-12 Total revenueRelated to mission $494,840 · Unrelated business $0 · Excluded from tax $38,093$532,933
Part IX · Statement of functional expenses $626,917 across 9 lines filed
IX-11f Investment management fees$3,098
IX-11g Other fees for services$3,920
IX-13 Office expenses$2,095
IX-16 Occupancy$149,428
IX-20 Interest$27,359
IX-21 Payments to affiliates$58,235
IX-22 Depreciation, depletion and amortization$224,501
IX-23 Insurance$63,382
IX-24 Other expenses (24a–d)$94,899
IX-25 Total functional expenses$626,917
Part X · Balance sheet $5,636,384 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $375,384$1,356,322
X-10c Land, buildings and equipment, netStart of year $3,833,794$3,864,791
X-11 Publicly traded securitiesStart of year $331,191$337,095
X-15 Other assetsStart of year $405,766$78,176
X-16 Total assetsStart of year $4,946,135$5,636,384
X-17 Accounts payable and accrued expensesStart of year $21,644$7,697
X-19 Deferred revenueStart of year $349,536$610,466
X-25 Other liabilitiesStart of year $0$241,009
X-26 Total liabilitiesStart of year $985,984$1,799,093
X-27 Net assets without donor restrictionsStart of year $3,898,151$3,775,291
X-28 Net assets with donor restrictionsStart of year $62,000$62,000
X-32 Total net assets or fund balancesStart of year $3,960,151$3,837,291
X-33 Total liabilities and net assetsStart of year $4,946,135$5,636,384
Part XI · Reconciliation of net assets $3,837,291 net assets at year end
XI-1 Total revenue$532,933
XI-2 Total expenses$626,917
XI-3 Revenue less expenses−$93,984
XI-4 Net assets at start of year$3,960,151
XI-5 Net unrealized gains (losses) on investments−$28,876
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,837,291

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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