Dechomai Asset Trust
- Assets
- $1.2b
- Revenue
- $459.1m
- Investments
- $3.5m
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 26-0724604
Organization Overview
Dechomai Asset Trust is located in Jacksonville, FL. The organization was established in 2008. 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. Dechomai Asset Trust 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 Asset Trust generated $459.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $481.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Dechomai Asset Trust has awarded 25 individual grants totaling $868,708,844. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DECHOMAI ASSET TRUST IS A TYPE I SUPPORTING ORGANIZATION WHICH RECEIVES, MANAGES, AND LIQUIDATES NONCASH CONTRIBUTIONS TO DONOR ADVISED FUNDS BENEFITING DECHOMAI FOUNDATION INC, EIN 06-1676688, AND ITS CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
RECEIPT AND MANAGEMENT OF NONCASH CONTRIBUTIONS FOR DECHOMAI FOUNDATION INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Dyer Board President | OfficerTrustee | 1 | $0 |
Steve Vansandt Trustee | Trustee | 1 | $0 |
Joseph Tombs Trustee | Trustee | 1 | $0 |
Ryan Rafflin Trustee Nonvoting | Trustee | 5 | $0 |
Gary Snerson Trustee Nonvoting | Trustee | 5 | $0 |
Bryan Clontz Board Secretary Nonvoting | Officer | 5 | $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 | $524,747,942 |
| Noncash contributions included in lines 1a–1f | $489,213,844 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $524,747,942 |
| Total Program Service Revenue | $0 |
| Investment income | $11,370,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $120,492 |
| Net Gain/Loss on Asset Sales | -$78,355,725 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $459,087,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $474,980,598 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,555 |
| 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 | $21,185 |
| Fees for services: Legal | $46,233 |
| 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 | $0 |
| Advertising and promotion | $75 |
| Office expenses | $18,272 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,704 |
| 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 | $32,689 |
| All other expenses | $0 |
| Total functional expenses | $481,740,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,113,482 |
| Savings and temporary cash investments | $4,128,430 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $187,225 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $49,365 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $42,079,827 |
| Investments—other securities | $3,506,681 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,109,334,783 |
| Total assets | $1,160,399,793 |
| Accounts payable and accrued expenses | $37,072,402 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $37,072,402 |
| Net assets without donor restrictions | $1,123,327,391 |
| Net assets with donor restrictions | $0 |
| 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 | $1,160,399,793 |
Grants Awarded
Over the last fiscal year, Dechomai Asset Trust has awarded $474,982,154 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ABWE PURPOSE: UNRESTRICTED | $176,187 |
COLUMBIA UNIVERSITY SCHOOL OF BUSINESS PURPOSE: UNRESTRICTED | $31,501 |
DECHOMAI FOUNDATION INC PURPOSE: UNRESTRICTED | $474,774,466 |