Dj Foundation INC FY2020 filing

Tax-deductible

Murrells Inlt, SC501(c)(3)Foundations & GrantmakersEIN 81-3501480Revenue $234K in FY2020

On file with the IRSdustinjohnsonfoundation.org1097 Tpc Blvd, 29576-8913 · Murrells Inlt, SCTax-exempt since May 2017Publicly supported charity — 170(b)(1)(A)(vi)

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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.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
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
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
$234K
Spent
$214K
To programs
74%
Net assets
$117K
By yearFY2020–FY2024
Revenue
$234K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$234K
FY2021$446K
FY2022$784K
FY2023$385K
FY2024$394K
Expenses
$214K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$214K
FY2021$336K
FY2022$530K
FY2023$632K
FY2024$533K
Net assets
$117K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$117K
FY2021$228K
FY2022$481K
FY2023$234K
FY2024$95K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 May 2017.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $158K Management & general 26% · $55K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
President, Director
$0Pt VII · Sec A
Secretary, 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.

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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.

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Provided by the organization

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1 program · $158K · in their own filed words · FY2020
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.

$158Kprogram expense

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$234K
Ln 12
Gifts and grantsLn 1h$234K
Investment incomeLn 3$252
Money outPt IX
$214K
Ln 25
Programscol B$158K
Managementcol C$55K
Owns and owesPt X
$117K
net assets · Ln 32
Cash and savingsLn 1–2$117K
Total assetsLn 16$117K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$234K
Noncash giftsLn 1g$10K
Investment incomeLn 3$252
Total revenueLn 12$234K
Assets in detailPt X, end of year
SavingsLn 2$117K
Cash and savings togetherLn 1–2$117K
Total assetsLn 16$117K
LiabilitiesLn 26$0
Net assetsLn 32$117K
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 FY20End FY20
Cash and savingsLn 1–2$97K$117K
Total assetsLn 16$97K$117K
LiabilitiesLn 26$0$0
Net assetsLn 32$97K$117K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$119K$119K
Grants to domestic individualsLn 2$5K$5K
Management feesLn 11a$43K$43K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$5K$5K
TravelLn 17$6K$6K
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$214K$158K$55K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $234,195 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $71,809$233,943
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,243$252
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $74,052$234,195
I-13 Grants and similar amounts paidPrior year $176,461$123,778
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 $88,371$89,922
I-18 Total expensesPrior year $264,832$213,700
I-19 Revenue less expensesPrior year −$190,780$20,495
Part VI · Governance 4 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $234,195 across 5 lines filed
VIII-1f All other contributions, gifts and grants$233,943
VIII-1g Noncash contributions (included above)$9,961
VIII-1h Total contributions, gifts and grants$233,943
VIII-3 Investment incomeExcluded from tax $252$252
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $252$234,195
Part IX · Statement of functional expenses $213,700 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $118,778$118,778
IX-2 Grants to domestic individualsPrograms $5,000$5,000
IX-11a Management feesManagement $42,918$42,918
IX-11b Legal feesManagement $1,324$1,324
IX-11c Accounting feesManagement $5,025$5,025
IX-17 TravelManagement $6,200$6,200
IX-24 Other expenses (24a–d)Programs $34,455$34,455
IX-25 Total functional expensesPrograms $158,233 · Management $55,467 · Fundraising $0$213,700
Part X · Balance sheet $117,397 assets, 5 lines filed
X-2 Savings and temporary cash investmentsStart of year $96,902$117,397
X-16 Total assetsStart of year $96,902$117,397
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $96,902$117,397
X-33 Total liabilities and net assetsStart of year $96,902$117,397
Part XI · Reconciliation of net assets $117,397 net assets at year end
XI-1 Total revenue$234,195
XI-2 Total expenses$213,700
XI-3 Revenue less expenses$20,495
XI-4 Net assets at start of year$96,902
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$117,397

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

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