Dbc Foundation: FY2022 Nonprofit Profile & Form 990 (EIN 82-2888305)

Revenue by fiscal year
FY2021	$139K
FY2022	$191K
FY2023	$126K
FY2024	$139K

Net assets by fiscal year
FY2021	$65K
FY2022	$5K
FY2023	$2K
FY2024	$8K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2018.

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

Where the money goes

95 cents of each dollar spent went to programs.

95%

Program services 95% · $178K Management & general 5% · $10K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation

Brian Lowe

President

$0Pt VII · Sec A

Peter Schmidt

Executive Vice President

$0Pt VII · Sec A

Sam Wildman

Vice President - Technology

$0Pt VII · Sec A

Jason Varela

Vice President

$0Pt VII · Sec A

Daniel Palos

Vice President - Treasurer

$0Pt VII · Sec A

Dustin Sheppard

Vice President

$0Pt VII · Sec A

See Dbc Foundation 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

Collects donations to support community organizations.

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Provided by the organization

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2 programs · $97K · in their own filed words · FY2022

01

Our Signature Charity Barrel raised $67,000 for Bonton Farms, a 503(c)(3) organization that changes the lives of those that lives in Bonton Farms.

$67Kprogram expense

02

Our holiday raffle raised $30,000 for Mommies In Need, a 501c(3) that provide child care services so mothers can attend their medical treatments.

$30Kprogram 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 · FY2023

Analog Devices FoundationFY2023$211

Total grants receivedfrom 1 funder$211

Grants paid · 4 grants · $57K · 2022–2022

Reading to New Heights INCTX · FY2022$21,635

My PossibilitiesTX · FY2022$13,400

NAMI North TexasTX · FY2022$12,500

Child Protective Services Community Partners INCTX · FY2022$9,000

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$191K

Ln 12

Other incomeLn 4–11$155K

Gifts and grantsLn 1h$36K

Money outPt IX

$188K

Ln 25

Programscol B$178K

Managementcol C$10K

Owns and owesPt X

$5K

net assets · Ln 32

Cash and savingsLn 1–2$72K

Total assetsLn 16$72K

LiabilitiesLn 26$67K

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$36K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Other incomeLn 4–11$155K

Total revenueLn 12$191K

Assets in detailPt X, end of year

CashLn 1$72K

Cash and savings togetherLn 1–2$72K

Total assetsLn 16$72K

LiabilitiesLn 26$67K

Net assetsLn 32$5K

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$68K	$72K
Total assetsLn 16	$68K	$72K
LiabilitiesLn 26	$68K	$67K
Net assetsLn 32	$0	$5K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$178K	$178K
All other expensesLn 24e	$10K	$0	$10K
Total functional expensesLn 25	$188K	$178K	$10K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$139K			$8K	990 PDF
FY2023	$126K			$2K	990 PDF
FY2022 Viewing	$191K	$188K	$4K	$5K	990 PDF
FY2021	$139K			$65K	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 $191,254 revenue, 12 lines filed

I-8 Contributions and grants$36,216

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$155,038

I-12 Total revenuePrior year $0$191,254

I-13 Grants and similar amounts paid$178,000

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expenses$9,680

I-18 Total expensesPrior year $0$187,680

I-19 Revenue less expensesPrior year $0$3,574

Part VI · Governance 6 of 6 board members independent, 4 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

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 $191,254 across 10 lines filed

Lines not itemized here account for $1,508 of total revenue; see the IRS return.

VIII-1a Federated campaigns$0

VIII-1b Membership dues$36,216

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$0

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$36,216

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $153,530$153,530

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $155,038$191,254

Part IX · Statement of functional expenses $187,680 across 2 lines filed

IX-1 Grants to domestic organizationsPrograms $178,000$178,000

IX-24e All other expensesPrograms $0 · Management $9,680$9,680

IX-25 Total functional expensesPrograms $178,000 · Management $9,680 · Fundraising $0$187,680

Part X · Balance sheet $72,135 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $67,506$72,135

X-16 Total assetsStart of year $67,506$72,135

X-18 Grants payableStart of year $67,506$67,000

X-26 Total liabilitiesStart of year $67,506$67,000

X-27 Net assets without donor restrictionsStart of year $0$5,135

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $0$5,135

X-33 Total liabilities and net assetsStart of year $67,506$72,135

Part XI · Reconciliation of net assets $5,135 net assets at year end

XI-1 Total revenue$191,254

XI-2 Total expenses$187,680

XI-3 Revenue less expenses$3,574

XI-4 Net assets at start of year$0

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$1,561

XI-10 Net assets at end of year$5,135

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

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Dbc Foundation FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Dbc Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV