Dimond Alumni Foundation FY2022 filing

Tax-deductible

Anchorage, AK501(c)(3)EIN 94-3096950Revenue $517K in FY2022

On file with the IRS205 East Dimond Boulevard 593, 99515-1909 · Anchorage, AKTax-exempt since Dec 1989Publicly supported charity — 170(b)(1)(A)(vi)

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To promote and support Dimond high school activities and programs.

501(c)(3) charity; gifts are tax-deductible.
95¢ 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 990-TIndependent: 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-T
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $63K a year · 14% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $3K
Fine: 2 funders name 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
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$517K
+37% vs prior year
Spent
$407K
To programs
95%
Net assets
$951K
By yearFY2020–FY2024
Revenue
$517K
FY2022▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$219K
FY2021$377K
FY2022$517K
FY2023$554K
FY2024$590K
Expenses
$407K
FY2022▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2020$200K
FY2021$280K
FY2022$407K
FY2023$501K
FY2024$554K
Net assets
$951K
FY2022▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$744K
FY2021$841K
FY2022$951K
FY2023$1.0M
FY2024$1.0M

From the FY2022 Form 990 · see the original

990 PDF Claim
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 Dec 1989.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $387K Management & general 5% · $20K

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

5 people listed on the 990-T.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Dimond Alumni 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

Supports Dimond High School activities and programs.

Questions for Dimond Alumni Foundation

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Provided by the organization

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3 programs · $387K · in their own filed words · FY2022
01

Support of community wide sports programs.

$208Kprogram expense
02

Support of dimond high school athletics, including sports tournaments, the sports complex, field improvements and various sports activities

$129Kprogram expense
03

Scholarships were awarded to 15 dimond high school graduates, to further their education

$50Kprogram 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
Total grants receivedfrom 2 funders$3K
Grants paid · 14 grants · $433K · 2020–2024
Unitemized GrantFY2024$53,500
Unitemized GrantFY2023$57,500
Alliance for Support of AlbFY2022$78,212
Unitemized GrantFY2022$49,500
Individual RecipientFY2022$32,142
West Baseball Booster ClubFY2022$7,648
Individual RecipientFY2022$5,700
Alliance for Support of AlbFY2021$56,306
Unitemized GrantFY2021$33,500
American Legion 33FY2021$8,953
Individual RecipientFY2021$5,191
Unitemized GrantFY2020$26,000
Individual RecipientFY2020$9,675
Individual RecipientFY2020$9,000

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$517K
Other income$260K
Gifts and grants$146K
Fees for services$64K
Money out
$407K
Programs$387K
Management$20K
Owns and owes
$951K
net assets
Cash and savings$290K
Total assets$951K
Liabilities$0
People
5
listed
Paid0
Voting board5
Independent5
2In more detail
Revenue in detail
Gifts and grants$146K
Fees for services$64K
Investment income$47K
Other income$260K
Total revenue$517K
Assets in detailEnd of year
Cash and savings together$290K
Total assets$951K
Liabilities$0
Net assets$951K
Operations
Employees0
Volunteers5
Fiscal year endsDecember
Conflict-of-interest policyNo
Whistleblower policyNo
Records policyNo

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $590K$554K$36K$1.0M 990 PDF
FY2023 $554K$501K$52K$1.0M 990 PDF
FY2022 Viewing $517K$407K$110K$951K 990 PDF
FY2021 $377K$280K$97K$841K 990 PDF
FY2020 $219K$200K$19K$744K 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

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

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