Dj Foundation INC

Tax-deductible

Murrells Inlt, SC501(c)(3)Foundations & GrantmakersEIN 81-3501480

To enhance the life experiences of children and college age adults through golf programs and other initiatives that build morals and character.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 200 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
3 of 5
filings with a surplus
Average deficit $463 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 2% of spending
Top officer’s pay lower than 90% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $470K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$394K
+3% vs prior year
Spent
$533K
To programs
83%
Net assets
$95K
By yearFY2020–FY2024
Revenue
$394K
FY2024▲ +3%
Revenue by fiscal year
FY2020$234K
FY2021$446K
FY2022$784K
FY2023$385K
FY2024$394K
Expenses
$533K
FY2024▼ -16%
Expenses by fiscal year
FY2020$214K
FY2021$336K
FY2022$530K
FY2023$632K
FY2024$533K
Net assets
$95K
FY2024▼ -59%
Net assets by fiscal year
FY2020$117K
FY2021$228K
FY2022$481K
FY2023$234K
FY2024$95K

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 May 2017.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $444K Management & general 17% · $89K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary, Director
$10,000Pt VII · Sec A
President, Director
$0Pt VII · Sec A
Treasurer, Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Allen Terrell’s $10K as Secretary, Director is at the 10th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Allen Terrell$10,000$20,000$30,000$30,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Dj 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds morals and character in youth through golf and other programs.

Provided by the organization

This section is blank until Dj Foundation INC claims this page.

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1 program service account for $444K of program spending, described in the organization's own filed words · FY2024.
01

The dustin johnson foundation provides scholarships to summer camps and lessons for youth to learn the game of golf. The DJ foundation is focused on a three-step approach so that after youth learn the game, they can take their skills on the course and gain comfortability and confidence while playing.

$444Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$470K
Grants paid · 13 grants · $778K · 2020–2024
Unitemized GrantFY2024$159,080
Johnson and Terrell Golf School LLCFY2023$153,400
Methodist University INCNC · FY2023$20,000
Project GolfSC · FY2023$16,000
Johnson and Terrell Golf School LLCFY2022$144,450
Methodist University INCNC · FY2022$20,000
Salesmanship Club of DallasTX · FY2022$15,000
Hug Your PeopleSC · FY2022$8,000
Johnson and Terrell Golf School LLCFY2021$110,470
Johnson and Terrell Golf School LLCFY2020$86,930
Tpc of Myrtle BeachFY2020$20,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$394K
Ln 12
Gifts and grantsLn 1h$394K
Investment incomeLn 3$398
Money outPt IX
$533K
Ln 25
Programscol B$444K
Managementcol C$89K
Owns and owesPt X
$95K
net assets · Ln 32
Cash and savingsLn 1–2$95K
Total assetsLn 16$95K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$394K
Fundraising eventsLn 1c$20K
Investment incomeLn 3$398
Total revenueLn 12$394K
Assets in detailPt X, end of year
SavingsLn 2$95K
Cash and savings togetherLn 1–2$95K
Total assetsLn 16$95K
LiabilitiesLn 26$0
Net assetsLn 32$95K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6200
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$234K$95K
Total assetsLn 16$234K$95K
LiabilitiesLn 26$0$0
Net assetsLn 32$234K$95K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$192K$192K
Management feesLn 11a$65K$65K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$10K$10K
TravelLn 17$2K$2K
Other expenses (24a–d)Ln 24$255K$253K$2K
Total functional expensesLn 25$533K$444K$89K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $394K$533K−$139K$95K 990 PDF
FY2023 $385K$632K−$247K$234K 990 PDF
FY2022 $784K$530K$254K$481K 990 PDF
FY2021 $446K$336K$110K$228K 990 PDF
FY2020 $234K$214K$20K$117K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $394,390 across 6 lines filed
VIII-1c Fundraising events$19,927
VIII-1f All other contributions, gifts and grants$374,065
VIII-1h Total contributions, gifts and grants$393,992
VIII-3 Investment incomeExcluded from tax $398$398
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $398$394,390
Part IX · Statement of functional expenses $533,184 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $191,580$191,580
IX-11a Management feesManagement $65,000$65,000
IX-11b Legal feesManagement $1,046$1,046
IX-11c Accounting feesManagement $8,638$8,638
IX-11g Other fees for servicesManagement $10,000$10,000
IX-17 TravelManagement $2,050$2,050
IX-24 Other expenses (24a–d)Programs $252,562 · Management $2,308$254,870
IX-25 Total functional expensesPrograms $444,142 · Management $89,042 · Fundraising $0$533,184
Part X · Balance sheet $95,174 assets, 5 lines filed
X-2 Savings and temporary cash investmentsStart of year $233,968$95,174
X-16 Total assetsStart of year $233,968$95,174
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $233,968$95,174
X-33 Total liabilities and net assetsStart of year $233,968$95,174
Part XI · Reconciliation of net assets $95,174 net assets at year end
XI-1 Total revenue$394,390
XI-2 Total expenses$533,184
XI-3 Revenue less expenses−$138,794
XI-4 Net assets at start of year$233,968
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$95,174

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

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