Overview
What is Dechomai Asset Trust?
Dechomai Asset Trust is a Jacksonville, Florida-based supporting organization that plays a crucial role in managing and liquidating noncash contributions for Dechomai Foundation Inc. This trust is specifically designed to benefit Dechomai Foundation and further its charitable purposes by receiving, managing, and disposing of donated assets. Dechomai Asset Trust acts as an intermediary to facilitate the distribution of these funds to the foundation, ensuring their effective allocation.
Official website here: www.dechomai.org
What are the reviews and ratings of this charity?
Dechomai Asset Trust is not currently rated by Charity Navigator, as it lacks sufficient historical data under their Accountability & Finance and Impact & Measurement beacons. The absence of a rating does not indicate any negative or positive assessment; it merely reflects an unfinished evaluation due to limited IRS Form 990 filings required for a comprehensive review.
Despite the lack of an overall rating, Dechomai Asset Trust has received perfect scores for several components, including Cultural & Community, Feedback Collection, Feedback Usage, and Practices. These scores suggest strong engagement and practices within the organization, although leadership and adaptability have not been assessed.
Without user feedback from GreatNonprofits, no anecdotal evidence from the public can be provided to complement these findings. The available data paints a picture of attentiveness to feedback and community culture, but financial accountability and measurable impacts await further evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Dechomai Asset Trust legitimate?
Dechomai Asset Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dechomai Asset Trust 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 Asset Trust?
Dechomai Asset Trust functions as a Type I supporting organization, managing and liquidating non-cash contributions for the benefit of Dechomai Foundation Inc. and its charitable purposes. In simpler terms, the trust receives, manages, and disburses non-monetary donations to support the charitable initiatives of Dechomai Foundation Inc. The trust plays a crucial role in facilitating the conversion of various types of assets into financial resources for the foundation's cause.
Official website here: www.dechomai.org
Who is the CEO of Dechomai Asset Trust?
Bryan Clontz is the Board President of Dechomai Asset Trust.
Official website here: www.dechomai.org
What is the revenue of Dechomai Asset Trust?
Dechomai Asset Trust's revenue in 2022 was $459,087,608.
Official website here: www.dechomai.org
Who are the executives of Dechomai Asset Trust and what are their salaries?
There 7 volunteers at Dechomai Asset Trust.
Here are 8 key members and their salaries:
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Official website here: www.dechomai.org
Where can I find the form 990 for Dechomai Asset Trust?
Dechomai Asset Trust'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 Asset Trust
Dechomai Asset Trust serves as a crucial facilitator in the nonprofit sector. As a Type I supporting organization, it plays a significant role in managing and liquidating noncash contributions directed towards Donor Advised Funds that ultimately benefit Dechomai Foundation Inc.
The Dechomai Asset Trust acts as an intermediary, ensuring the smooth transition of noncash donations to the charitable causes under the purview of Dechomai Foundation Inc. By receiving, managing, and liquidating these contributions, the Trust enables donors to make a lasting impact on the charitable sector while maintaining flexibility in their giving. Moreover, the Trust's work directly contributes to the realization of Dechomai Foundation Inc's charitable purposes.
In essence, Dechomai Asset Trust functions as a bridge between generous donors and the causes they wish to support through their noncash contributions. By managing these contributions effectively, the Trust allows donors to make a significant difference in the lives of those in need, ultimately contributing to the broader mission of Dechomai Foundation Inc.
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Impact
October, 2024
Dechomai Asset Trust plays a crucial role in enhancing philanthropic efforts through its management and liquidation of noncash contributions. By receiving and overseeing these assets, it ensures that valuable resources are effectively directed towards supporting the Dechomai Foundation and its charitable objectives. This process not only maximizes the impact of each donation but also facilitates a streamlined approach for donors who wish to support causes aligned with the mission of the Dechomai Foundation.
Based in Jacksonville, Florida, Dechomai Asset Trust operates as a Type I supporting organization, fostering a direct relationship with its benefactor, the Dechomai Foundation. Through this collaborative framework, the trust amplifies the foundation's charitable initiatives, allowing for a broader reach and a more significant impact in the communities it serves. By managing noncash assets, Dechomai Asset Trust contributes to the sustainability and growth of philanthropic endeavors, ultimately promoting positive change and support for those in need.
This information is meant to be a general summary of Dechomai Asset Trust. 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: -$66,985,256
- Gross Receipts: $585,609,546
Assets and Liabilities:
- Total Assets: $1,160,399,793
- Total Liabilities: $37,072,402
- Net Assets: $1,123,327,391
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Organization Details
Founding Year
2007
Phone
(404) 375-5496Principal Officer
Bryan Clontz
Main Address
3713 PINE STREET, JACKSONVILLE, FL, 32205
Website
www.dechomai.orgNTEE Category
Code: T30 - Philanthropy
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