The Didlake Foundation Inc
- Assets
- $2.7m
- Revenue
- $2.5m
- Investments
- $2.5m
- Employees
- 0
- Location
- Manassas, VA
- Founding
- 06/1996
- Data as of
- 06/2023
- EIN
- 54-1183137
Organization Overview
The Didlake Foundation Inc is located in Manassas, VA. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Didlake Foundation Inc 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 06/2023, Didlake Foundation Inc generated $2.5m in total revenue. All expenses for the organization totaled $122.9k during the year ending 06/2023. While expenses have increased by 45.8% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT OF DIDLAKE, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Hollis President | 1 | $0 | |
Denee F Mcknight Treasurer | 1 | $0 | |
Joleen Okun Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,397,661 |
| Interest on Savings | $0 |
| Dividends & Interest | $90,113 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,401 |
| Capital Gain Net Income | $8,401 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,496,175 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,060 |
| Total operating and administrative expenses | $11,868 |
| Contributions, gifts, grants paid | $111,000 |
| Total expenses and disbursements | $122,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,320 |
| 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 | $2,504,674 |
| Net Land, buildings, and equipment | $30,000 |
| Other assets | $6,000 |
| Total assets | $2,720,994 |
| Accounts payable and accrued expenses | $1,300 |
| Grants payable | $111,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,578 |
| Total liabilities | $113,878 |