University Of Dc Foundation
- Assets
- $16.3m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- 08/1979
- Data as of
- 09/2021
- EIN
- 52-1152624
Organization Overview
University Of Dc Foundation is located in Washington, DC. The organization was established in 1979. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 09/2021, University Of DC Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of DC 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 09/2021, University Of DC Foundation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.4m during the year ending 09/2021. While expenses have increased by 4.8% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS, FELLOWSHIPS AND INTERNSHIPS SUPPORT TO STUDENTS AT THE UNIVERSITY OF THE DISTRICT OF COLUMBIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph M Perta President | OfficerTrustee | 2 | $0 |
Beverly J Burke Treasurer | OfficerTrustee | 2 | $0 |
Michael B Goldstein Secretary | OfficerTrustee | 2 | $0 |
Douglas M Firstenberg Vice President | OfficerTrustee | 2 | $0 |
Rodney Trapp Executive Secretary | Officer | 25 | $0 |
Ronald Mason Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,803 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,118,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,124,933 |
| Total Program Service Revenue | $0 |
| Investment income | $198,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $446,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,770,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $546,336 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,898 |
| Compensation of current officers, directors, key employees. | $2,162 |
| 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 | $82,621 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,293 |
| Fees for services: Other | $77,333 |
| Advertising and promotion | $75,040 |
| Office expenses | $36,315 |
| Information technology | $55,936 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,064 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,359 |
| All other expenses | $964 |
| Total functional expenses | $1,395,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,354,525 |
| Pledges and grants receivable | $1,258,129 |
| Accounts receivable, net | $1,416,296 |
| 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 | $70,673 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,709,433 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $480,492 |
| Total assets | $16,289,548 |
| Accounts payable and accrued expenses | $14,128 |
| 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 | $14,128 |
| Net assets without donor restrictions | $3,660,666 |
| Net assets with donor restrictions | $12,614,754 |
| 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 | $16,289,548 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that University Of Dc Foundation has recieved totaling $334,655.
| Awarding Organization | Amount |
|---|---|
Tech Alabama Birmingham, AL PURPOSE: PROGRAM SUPPORT | $200,000 |
Thurgood Marshall College Fund Inc Washington, DC PURPOSE: Capital Builders Center/Clifton Scholars Program | $105,025 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $10,078 |
United Way Of The National Capital Area Vienna, VA PURPOSE: DESIGNATED AND/OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $6,707 |
Tom Joyner Foundation Inc Dallas, TX PURPOSE: EDUCATION SCHOLARSHIP | $6,450 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $5,250 |
Endowment Analysis
| Beg. Balance | $7,076,809 |
| Earnings | $1,543,524 |
| Net Contributions | $847,367 |
| Other Expense | $99,110 |
| Ending Balance | $9,368,590 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morgan State University Foundation Incorporated Baltimore, MD | $141,263,372 | $14,542,251 |
American University Of Rome Washington, DC | $5,091,812 | $6,709,805 |
Appalachian College Of Pharmacy Oakwood, VA | $36,195,397 | $7,728,362 |
Virginia Commonwealth University Real Estate Foundation Richmond, VA | $95,872,198 | $7,982,693 |
Virginia University Of Lynchburg Inc Lynchburg, VA | $13,241,169 | $8,139,477 |
Radford University Foundation Inc Radford, VA | $119,642,152 | $17,210,656 |
Norfolk State University Foundation Inc Norfolk, VA | $104,193,941 | $9,651,381 |
Frostburg State University Foundation Frostburg, MD | $41,155,383 | $7,754,148 |
Washington University Of Virginia Inc Annandale, VA | $9,098,373 | $3,341,736 |
University Of Dc Foundation Washington, DC | $16,289,548 | $3,770,267 |
The George Mason University Instructional Foundation Inc Fairfax, VA | $15,263,812 | $1,880,527 |
Atlantic University Virginia Beach, VA | $599,474 | $468,916 |