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Daniel Memorial Properties INC FY2021 filing

Not tax-deductible

Jacksonville, FLMutual-benefit / member-servingEIN 59-2953527

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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

FY2021 · 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
24 mo
of spending, in cash
Looks good: 24.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$842K
15% of total assets
Looks good: liabilities are 15% 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
$1.7M
+211% vs prior year
Spent
$614K
Net assets
$4.9M
By yearFY2020–FY2025
Revenue
$1.7M
FY2021▲ +211%
Revenue by fiscal year
FY2020$533K
FY2021$1.7M
FY2022$969K
FY2023$1.0M
FY2024$849K
FY2025$1.1M
Expenses
$614K
FY2021▼ -2%
Expenses by fiscal year
FY2020$627K
FY2021$614K
FY2022$662K
FY2023$657K
FY2024$684K
FY2025$761K
Net assets
$4.9M
FY2021▲ +29%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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 (FY2020); the FY2021 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.

Provided by the organization

This section is blank until Daniel Memorial Properties INC claims this page.

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By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$475K
Investment incomeLn 3$19K
Money outPt IX
$614K
Ln 25
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$5.8M
LiabilitiesLn 26$842K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$41K
Fees for servicesLn 2g$475K
Investment incomeLn 3$19K
Gains on assetsLn 7$7K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$412K
Land, buildings, equipmentLn 10c$4.0M
Other assetsLn 15$119K
Total assetsLn 16$5.8M
LiabilitiesLn 26$842K
Net assetsLn 32$4.9M
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 FY21End FY21
Cash and savingsLn 1–2$1.4M$1.2M
InvestmentsLn 11–13$337K$412K
Land, buildings, equipmentLn 10c$3.9M$4.0M
Total assetsLn 16$5.6M$5.8M
LiabilitiesLn 26$1.8M$842K
Net assetsLn 32$3.8M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$3K
Other fees for servicesLn 11g$4K
Office expensesLn 13$8
OccupancyLn 16$137K
InterestLn 20$23K
Payments to affiliatesLn 21$42K
Depreciation, depletion and amortizationLn 22$235K
InsuranceLn 23$58K
Other expenses (24a–d)Ln 24$112K
Total functional expensesLn 25$614K

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 Viewing $1.7M$614K$1.0M$4.9M 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,658,716 across 7 lines filed
VIII-1e Government grants$40,733
VIII-1f All other contributions, gifts and grants$1,124,043
VIII-1h Total contributions, gifts and grants$1,164,776
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $474,600$474,600
VIII-3 Investment incomeExcluded from tax $11,864$11,864
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,476$7,476
VIII-12 Total revenueRelated to mission $474,600 · Unrelated business $0 · Excluded from tax $19,340$1,658,716
Part IX · Statement of functional expenses $613,720 across 9 lines filed
IX-11f Investment management fees$2,754
IX-11g Other fees for services$4,357
IX-13 Office expenses$8
IX-16 Occupancy$136,680
IX-20 Interest$22,860
IX-21 Payments to affiliates$41,972
IX-22 Depreciation, depletion and amortization$234,799
IX-23 Insurance$58,135
IX-24 Other expenses (24a–d)$112,155
IX-25 Total functional expenses$613,720
Part X · Balance sheet $5,783,246 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,356,322$1,235,872
X-10c Land, buildings and equipment, netStart of year $3,864,791$4,016,985
X-11 Publicly traded securitiesStart of year $337,095$411,631
X-15 Other assetsStart of year $78,176$118,758
X-16 Total assetsStart of year $5,636,384$5,783,246
X-17 Accounts payable and accrued expensesStart of year $7,697$45,198
X-19 Deferred revenueStart of year $610,466$250,000
X-25 Other liabilitiesStart of year $241,009$86,440
X-26 Total liabilitiesStart of year $1,799,093$842,178
X-27 Net assets without donor restrictionsStart of year $3,775,291$4,879,068
X-28 Net assets with donor restrictionsStart of year $62,000$62,000
X-32 Total net assets or fund balancesStart of year $3,837,291$4,941,068
X-33 Total liabilities and net assetsStart of year $5,636,384$5,783,246
Part XI · Reconciliation of net assets $4,941,068 net assets at year end
XI-1 Total revenue$1,658,716
XI-2 Total expenses$613,720
XI-3 Revenue less expenses$1,044,996
XI-4 Net assets at start of year$3,837,291
XI-5 Net unrealized gains (losses) on investments$58,781
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,941,068

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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