Dechomai Foundation Inc
- Assets
- $242.9m
- Revenue
- $12.7m
- Investments
- $2.8m
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 06-1676688
Organization Overview
Dechomai Foundation Inc is located in Jacksonville, FL. The organization was established in 2003. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dechomai Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Dechomai Foundation Inc generated $12.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $26.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Dechomai Foundation Inc has awarded 169 individual grants totaling $1,082,022,660. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NATIONAL DONOR ADVISED FUND THAT RECEIVES, MANAGES, AND LIQUIDATES NON-CASH ASSET CONTRIBUTIONS AND PROVIDES CHARITABLE GIFT ANNUITIES. DONORS ARE ENCOURAGED TO RECOMMEND PUBLIC CHARITIES TO RECEIVE GRANTS AND INCREASE CHARITABLE GIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL DONOR ADVISED FUND THAT RECEIVES, MANAGES, AND LIQUIDATES NON-CASH ASSET CONTRIBUTIONS AND PROVIDES CHARITABLE GIFT ANNUITIES. DONORS ARE ENCOURAGED TO RECOMMEND PUBLIC CHARITIES TO RECEIVE GRANTS AND INCREASE CHARITABLE GIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Dyer Board President | OfficerTrustee | 1 | $0 |
Steve Vansandt Director | Trustee | 1 | $0 |
Joseph Tombs Director | Trustee | 1 | $0 |
Shannon Cofield Director | Trustee | 1 | $0 |
Anne Josey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,688,707 |
| Noncash contributions included in lines 1a–1f | $36,772,964 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,688,707 |
| Total Program Service Revenue | $0 |
| Investment income | $1,482,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,700 |
| Net Gain/Loss on Asset Sales | -$29,236,681 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,744,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,024,881 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,861,817 |
| Fees for services: Legal | $103,303 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $887,584 |
| Advertising and promotion | $0 |
| Office expenses | $20,849 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $29,686 |
| All other expenses | $0 |
| Total functional expenses | $25,967,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,157 |
| Savings and temporary cash investments | $25,135,897 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $93,942 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,676,427 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $46,166,779 |
| Investments—other securities | $2,804,013 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $137,670,088 |
| Total assets | $242,886,303 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $29,267,148 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66,503,228 |
| Total liabilities | $95,770,376 |
| Net assets without donor restrictions | $163,538,708 |
| Net assets with donor restrictions | -$16,422,781 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $242,886,303 |
Grants Awarded
Over the last fiscal year, Dechomai Foundation Inc has awarded $506,950,086 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE FUND PURPOSE: UNRESTRICTED | $119,459,204 |
GOLDMAN SACHS PHILANTHROPY FUND PURPOSE: UNRESTRICTED | $24,834,734 |
FIDELITY CHARITABLE GIFT FUND PURPOSE: UNRESTRICTED | $89,233,999 |
VANGUARD CHARITABLE PURPOSE: UNRESTRICTED | $49,357,451 |
AMERICAN ENDOWMENT FOUNDATION PURPOSE: UNRESTRICTED | $50,844,746 |
NATIONAL PHILANTHROPIC PURPOSE: UNRESTRICTED | $5,938,077 |