Dme Foundation
- Assets
- $419.8k
- Revenue
- $57.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Highland, UT
- Founding
- 01/2012
- Data as of
- 12/2023
- EIN
- 45-3845691
Organization Overview
Dme Foundation is located in Highland, UT. The organization was established in 2012. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Dme 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 12/2023, Dme Foundation generated $57.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $68.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dme Foundation has awarded 50 individual grants totaling $271,563. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT LOCAL HONOR FLIGHTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Powell Trustee | 1 | $0 | |
Gary Powell Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $7,384 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,384 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $350 |
| Total operating and administrative expenses | $1,591 |
| Contributions, gifts, grants paid | $67,250 |
| Total expenses and disbursements | $68,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $419,810 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $419,810 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Dme Foundation has awarded $67,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SLCC FOUNDATION PURPOSE: SCHOLARSHIPS FOR NEEDY STUDENTS | $50,000 |
UTAH STATE UNIVERSITY PURPOSE: UNIVERSITY TRACK PROGRAM | $15,000 |
TABITHAS WAY PURPOSE: FOOD FOR FOOD PANTRY | $1,000 |
MOUNTAIN WEST STRING ACADEMY PURPOSE: PURCHASE AND REPAIR INSTRUMENTS | $500 |
APPALACHIAN STATE UNIV FOUNDATION PURPOSE: EDUCATION ACTIVITIES | $500 |
THE CHURCH OF JESUS CHRIST OF LDS PURPOSE: RELIGIOUS ACTIVITIES | $250 |