Dcu For Kids
- Assets
- $6.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Marlborough, MA
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 20-2184636
Organization Overview
Dcu For Kids is located in Marlborough, MA. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, 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. Dcu For Kids 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 12/2021, Dcu For Kids generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dcu For Kids has awarded 571 individual grants totaling $14,223,750. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTION OF CHARITABLE DONATIONS TO DESERVING CAUSES AND CHARITIES BENEFITING CHILDREN AND FAMILIES. AWARDING OF SCHOLARSHIPS TO DESERVING HIGH SCHOOL SENIORS WHO PLAN TO ATTEND A STATE OR NATIONALLY ACCREDITED COLLEGE OR UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO NON-PROFIT ORGANIZATIONS BENEFITING CHILDREN AND FAMILIES.
SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Lachapelle Chair/treasurer | OfficerTrustee | 1 | $0 |
Jane Fontaine Vice Chair/sec | OfficerTrustee | 1 | $0 |
James Regan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $729,727 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $834,967 |
| Noncash contributions included in lines 1a–1f | $69,899 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,564,694 |
| Total Program Service Revenue | $0 |
| Investment income | $10,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$32,726 |
| Net Income from Gaming Activities | $1,036,000 |
| Net Income from Sales of Inventory | $7,285 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,585,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,983,800 |
| Grants and other assistance to domestic individuals. | $187,500 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,680 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,194,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,440 |
| Savings and temporary cash investments | $5,751,189 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $260,809 |
| Total assets | $6,206,438 |
| Accounts payable and accrued expenses | $9,000 |
| Grants payable | $0 |
| Deferred revenue | $180,000 |
| 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 | $0 |
| Total liabilities | $189,000 |
| Net assets without donor restrictions | $5,723,336 |
| Net assets with donor restrictions | $294,102 |
| 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 | $6,206,438 |
Grants Awarded
Over the last fiscal year, Dcu For Kids has awarded $2,657,400 in support to 114 organizations.
| Grant Recipient | Amount |
|---|---|
Bethesda, MD PURPOSE: Charitable | $250,000 |
Boston, MA PURPOSE: Charitable | $200,000 |
Worcester, MA PURPOSE: Charitable | $100,000 |
Princeton, NJ PURPOSE: Charitable | $100,000 |
Lowell, MA PURPOSE: Charitable | $70,000 |
Lawrence, MA PURPOSE: Charitable | $70,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Dcu For Kids has recieved totaling $5,414.
| Awarding Organization | Amount |
|---|---|
We Share A Common Thread Foundation Inc Lowell, MA PURPOSE: EXEMPT PURPOSES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $414 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |