Overview
What is Dechomai Foundation Inc?
Dechomai Foundation Inc is a national donor-advised fund based in Jacksonville, Florida, with the address 3713 Pine Street, 32205. This nonprofit organization specializes in receiving, managing, and liquidating non-cash asset contributions. Dechomai also offers charitable gift annuities, encouraging donors to suggest public charities as recipients of grants and expand their charitable giving. The mission of Dechomai Foundation Inc is to serve as a platform for donors to recommend charities and increase their charitable impact.
Official website here: www.dechomai.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating)
The Dechomai Foundation Inc has achieved an impressive 98% rating from Charity Navigator, showcasing its strong commitment to accountability and financial management. With a significant focus on program expenses, which account for 95.47% of its expenditures, the organization demonstrates its dedication to maximizing the impact of its resources on its mission. Additionally, the foundation enjoys complete independence on its board, ensuring unbiased governance.
The organization excels in various metrics, including leadership and adaptability, where it scored a perfect 100%. This reflects a robust internal culture that promotes effective strategies and responsive actions to the changing needs of the community it serves. The foundation's financial health is further evidenced by a favorable liabilities to assets ratio and an exceptional fundraising efficiency score, indicating effective resource utilization.
However, while the Accountability & Finance score is notably high, it stands at 74%, suggesting room for improvement in certain areas. The foundation's overall performance is commendable, but potential stakeholders and donors may want to consider these aspects when evaluating its operations and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Dechomai Foundation Inc legitimate?
Dechomai Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dechomai Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.dechomai.org
What is the mission statement of Dechomai Foundation Inc?
The Dechomai Foundation Inc functions as a national donor-advised fund, facilitating the management and liquidation of non-cash asset contributions. The organization encourages donors to propose public charities for grant receipt and promotes increased charitable giving. The mission of the Dechomai Foundation is to serve as a national donor-advised fund that receives, manages, and liquidates non-cash asset contributions, providing charitable gift annuities. Donors are urged to suggest public charities as grant recipients and expand their charitable giving.
Official website here: www.dechomai.org
Who is the CEO of Dechomai Foundation Inc?
Bryan Clontz is the Board President of Dechomai Foundation Inc.
Official website here: www.dechomai.org
What is the revenue of Dechomai Foundation Inc?
Dechomai Foundation Inc's revenue in 2022 was $12,744,609.
Official website here: www.dechomai.org
Who are the executives of Dechomai Foundation Inc and what are their salaries?
There 4 volunteers at Dechomai Foundation Inc.
Here are 5 key members and their salaries:
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- Other: $0
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Official website here: www.dechomai.org
Where can I find the form 990 for Dechomai Foundation Inc?
Dechomai Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dechomai.org
Learn more at the official website: www.dechomai.org
Mission Statement of Dechomai Foundation Inc
Dechomai Foundation Inc, a national donor-advised fund, is dedicated to receiving, managing, and liquidating non-cash asset contributions. The organization encourages donors to recommend public charities to receive grants, thereby increasing charitable giving. Dechomai Foundation's mission is geared towards facilitating the charitable process for donors. It serves as a bridge between donors and various public charities, enabling them to make a significant impact through their contributions.
By providing charitable gift annuities, Dechomai Foundation assists donors in turning their non-cash assets into a source of income. This unique approach allows donors to make larger charitable contributions than they might have otherwise. At the same time, they can receive steady payments for the remainder of their lives. In essence, Dechomai Foundation helps donors maximize their charitable giving while also addressing their financial needs.
The role of Dechomai Foundation extends beyond simply managing donations. It empowers donors by offering them the flexibility to select the public charities they wish to support. By providing this choice, Dechomai Foundation enables donors to align their charitable giving with their personal values and interests. This personalized approach allows for a more meaningful and impactful giving experience.
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Impact
August, 2024
Dechomai Foundation Inc's impact lies in facilitating charitable giving through its national donor advised fund platform. By receiving, managing, and liquidating non-cash asset contributions, as well as providing charitable gift annuities, the foundation empowers donors to recommend public charities to receive grants. This process not only streamlines the giving process but also increases charitable contributions, ultimately benefiting a wide range of organizations and causes. The foundation's mission is to make philanthropy more accessible and efficient, thereby amplifying the impact of charitable donations across the nation.
This information is meant to be a general summary of Dechomai Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$27,754,255
- Gross Receipts: $65,045,406
Assets and Liabilities:
- Total Assets: $242,886,303
- Total Liabilities: $95,770,376
- Net Assets: $147,115,927
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Organization Details
Founding Year
2003
Phone
(404) 375-5496Principal Officer
Bryan Clontz
Main Address
3713 PINE STREET, JACKSONVILLE, FL, 32205
Website
www.dechomai.orgNTEE Category
Code: T70 - Philanthropy
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