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Demco Foundation INC FY2022 filing

Tax-deductible

Baton Rouge, LA501(c)(3)Foundations & Grantmakers EIN 72-1417423Revenue $372K in FY2022Latest return filed Oct 24, 2025

On file with the IRSdemco.org/community/demco-foundationPo Box 15659, 70895-5659 · Baton Rouge, LATax-exempt since Nov 1998Publicly supported charity — 170(b)(1)(A)(vi)

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To benefit needy individuals in the seven parishes served by dixie electric membership corporation (Demco). These parishes include ascension, east baton rouge, east feliciana, livingston, st helena, tangipahoa and west feliciana.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 $70K a year · 20% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$372K
+15% vs prior year
Spent
$318K
To programs
93%
Net assets
$290K
By yearFY2020–FY2024
Revenue
$372K
FY2022▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$421K
FY2021$323K
FY2022$372K
FY2023$304K
FY2024$353K
Expenses
$318K
FY2022▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$668K
FY2021$360K
FY2022$318K
FY2023$380K
FY2024$397K
Net assets
$290K
FY2022▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$273K
FY2021$236K
FY2022$290K
FY2023$214K
FY2024$170K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1998.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $297K Management & general 7% · $21K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Dennis Lott
President
$0Pt VII · Sec A
Nicolette Gordon
Vice President
$0Pt VII · Sec A
Leslie Falks
Secretary/Treasurer
$0Pt VII · Sec A
Lorenza Lively
Assistant Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Angela Elsey
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Demco 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 15aNo

Programs and updates

Provides aid to individuals in need across seven specific parishes.

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Provided by the organization

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1 program · $297K · in their own filed words · FY2022
01

The organization was able to assist INDIVIDUALS/FAMILIES with things such as clothing, shelter, scholarships and other miscellaneous needs. Through the program, operation roundup, customers of dixie electric membership corporation may elect to have their electricity bill rounded up to the nearest dollar amount with the difference…

$297Kprogram 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 · 10 grants · $1.1M · 2020–2024
Unitemized GrantFY2024$163,688
Unitemized GrantFY2024$81,875
Unitemized GrantFY2023$163,369
Unitemized GrantFY2023$102,500
Unitemized GrantFY2022$138,629
Unitemized GrantFY2022$73,750
Unitemized GrantFY2021$92,454
Unitemized GrantFY2021$65,565
Unitemized GrantFY2020$140,103
Unitemized GrantFY2020$106,250

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$372K
Ln 12
Gifts and grantsLn 1h$371K
Investment incomeLn 3$546
Money outPt IX
$318K
Ln 25
Programscol B$297K
Managementcol C$21K
Owns and owesPt X
$290K
net assets · Ln 32
Cash and savingsLn 1–2$290K
Total assetsLn 16$290K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$371K
Investment incomeLn 3$546
Total revenueLn 12$372K
Assets in detailPt X, end of year
CashLn 1$290K
Cash and savings togetherLn 1–2$290K
Total assetsLn 16$290K
LiabilitiesLn 26$0
Net assetsLn 32$290K
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 FY22End FY22
Cash and savingsLn 1–2$236K$290K
Total assetsLn 16$236K$290K
LiabilitiesLn 26$0$0
Net assetsLn 32$236K$290K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$212K$212K
Management feesLn 11a$84K$72K$13K
Accounting feesLn 11c$6K$6K
Office expensesLn 13$5K$4K$688
TravelLn 17$8K$7K$1K
Conferences, conventions and meetingsLn 19$3K$2K$440
Total functional expensesLn 25$318K$297K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 24, 2025 $353K$397K−$44K$170K 990 PDF
FY2023Filed with the IRS Nov 8, 2024 $304K$380K−$76K$214K 990 PDF
FY2022 ViewingFiled with the IRS Oct 18, 2023 $372K$318K$54K$290K 990 PDF
FY2021Filed with the IRS Nov 1, 2022 $323K$360K−$37K$236K 990 PDF
FY2020Filed with the IRS Nov 9, 2021 $421K$668K−$247K$273K 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 FY2022 990 (6 parts)
Part I · Summary $371,919 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $322,624$371,373
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $299$546
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $322,923$371,919
I-13 Grants and similar amounts paidPrior year $158,019$212,379
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 $201,633$105,668
I-18 Total expensesPrior year $359,652$318,047
I-19 Revenue less expensesPrior year −$36,729$53,872
Part VI · Governance 7 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $371,919 across 4 lines filed
VIII-1f All other contributions, gifts and grants$371,373
VIII-1h Total contributions, gifts and grants$371,373
VIII-3 Investment incomeExcluded from tax $546$546
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $546$371,919
Part IX · Statement of functional expenses $318,047 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $212,379$212,379
IX-11a Management feesPrograms $71,740 · Management $12,660$84,400
IX-11c Accounting feesManagement $5,800$5,800
IX-13 Office expensesPrograms $3,894 · Management $688$4,582
IX-17 TravelPrograms $6,761 · Management $1,193$7,954
IX-19 Conferences, conventions and meetingsPrograms $2,492 · Management $440$2,932
IX-25 Total functional expensesPrograms $297,266 · Management $20,781 · Fundraising $0$318,047
Part X · Balance sheet $290,368 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $236,496$290,368
X-16 Total assetsStart of year $236,496$290,368
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $236,496$290,368
X-32 Total net assets or fund balancesStart of year $236,496$290,368
X-33 Total liabilities and net assetsStart of year $236,496$290,368
Part XI · Reconciliation of net assets $290,368 net assets at year end
XI-1 Total revenue$371,919
XI-2 Total expenses$318,047
XI-3 Revenue less expenses$53,872
XI-4 Net assets at start of year$236,496
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$290,368

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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