Dayton Power & Light Company Foundation
- Assets
- $26.1m
- Revenue
- $268.4k
- Investments
- $26.1m
- Employees
- 0
- Location
- Dayton, OH
- Founding
- 09/1985
- Data as of
- 12/2022
- EIN
- 31-1138883
Organization Overview
Dayton Power & Light Company Foundation is located in Dayton, OH. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Dayton Power & Light Company Foundation 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, Dayton Power & Light Company Foundation generated $268.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.6%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Dayton Power & Light Company Foundation has awarded 580 individual grants totaling $15,827,206. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Crusey Chairman & Treasurer | 0.25 | $0 | |
Brandi Davis-Handy Trustee | 0.25 | $0 | |
Mike Russ Trustee | 0.25 | $0 | |
Sharon Schroder Trustee | 0.25 | $0 | |
Judi Sobecki Trustee (until 7/15/22) | 0.25 | $0 | |
Kathryn Storm Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $99,651 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $168,714 |
| Capital Gain Net Income | $168,714 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $268,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $77,320 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $263,952 |
| Contributions, gifts, grants paid | $1,377,000 |
| Total expenses and disbursements | $1,640,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,190 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $26,119,159 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,137,349 |
| Accounts payable and accrued expenses | $123,071 |
| Grants payable | $1,154,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,277,571 |
Grants Awarded
Over the last fiscal year, Dayton Power & Light Company Foundation has awarded $1,377,000 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
DAYTON PERFORMING ARTS ALLIANCE PURPOSE: MASTERWORKS SPONSORSHIP - SUPPORT FOR THE ARTISTIC OPERATIONS OF THE DAYTON PERFORMING ARTS ALLIANCE FOR THE 2022-23 SEASON. | $130,000 |
LIGHT FOUNDATION PURPOSE: YOUTH PROGRAMMING - LEADERSHIP ACADEMY | $2,500 |
MUSE MACHINE PURPOSE: SUPPORT FOR FOUR MAJOR EDUCATIONAL PROGRAMS/OFFERINGS: STUDENT PERFORMANCE PROGRAM, PRESCHOOL & ELEMENTARY PROGRAM, PROFESSIONAL DEVELOPMENT, AND ARTS-IN-CONTEXT (AIC). | $30,000 |
JUNIOR ACHIEVEMENT OF DAYTON (JR ACH OF OKI PARTNERS INC DBA) PURPOSE: GENJA PROJECT: PATHWAYS TO FINANCIAL LITERACY AND CAREER READINESS | $10,000 |
HOME IS THE FOUNDATION PURPOSE: PREBLE CO. SENIOR HOME REPAIR PROGRAM TO KEEP SENIOR ADULTS IN THEIR HOMES AS LONG AS POSSIBLE | $5,000 |
SHANGO CENTER FOR THE STUDY OF AFRICAN AMERICAN ART & CULTURE PURPOSE: IN PRAISE OF DUNBAR: THE MAN, THE DREAM, THE VOICE - SUPPORT FOR THE 150TH BIRTHDAY MEMORIAL CELEBRATION OF PAUL LAURENCE DUNBAR. | $10,000 |