Overview
What is Dayton Foundation Depository?
The Dayton Foundation Depository, located in Dayton, Ohio, serves as a charitable organization that manages and distributes contributions from various donors to eligible charities throughout the United States. Operating under Section 501(c)(3) of the Internal Revenue Code, the organization handled 13,675 grants to 3,645 unique organizations during the year, using funds from 1,262 different accounts. The Dayton Foundation Depository's mission is dedicated to supporting charitable, scientific, and educational causes.
Official website here: www.daytonfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% - Two-Star out of Four Star rating
The Dayton Foundation Depository has earned a Two-Star rating from Charity Navigator, reflecting a score of 72%. This score is primarily based on factors related to Accountability & Finance, where it has shown notable strengths, such as having a fully independent board and robust financial oversight practices. It has received perfect scores in areas like financial statements, conflict of interest policies, and the absence of material diversion of assets.
However, the organization has significant weaknesses that affect its overall rating. The fundraising efficiency is notably low, with a ratio of $0.002, which raises concerns about its ability to raise funds effectively relative to its expenses. Additionally, the liabilities to assets ratio stands at 101.05%, indicating that the organization has liabilities exceeding its assets, along with a negative working capital ratio of -0.02 years, which could impact its financial stability.
Overall, while the Dayton Foundation Depository demonstrates strong governance and accountability practices, its financial ratios suggest challenges in fundraising and asset management that potential donors may want to consider.
This AI summary has been generated from information found on Charity Navigator.
Is Dayton Foundation Depository legitimate?
Dayton Foundation Depository is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dayton Foundation Depository 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.daytonfoundation.org
What is the mission statement of Dayton Foundation Depository?
The Dayton Foundation Depository functions as a charitable organization, pooling contributions from multiple donors and managing the distribution of these funds to eligible charities. Devoted solely to charitable, scientific, or educational purposes as defined by Section 501(C)(3) of the Internal Revenue Code, the Depository made 13,675 grants to 3,645 distinct organizations during the year under review.
Official website here: www.daytonfoundation.org
Who is the CEO of Dayton Foundation Depository?
Stephen D Darnell is the Governing Board Member of Dayton Foundation Depository.
Official website here: www.daytonfoundation.org
What is the revenue of Dayton Foundation Depository?
Dayton Foundation Depository's revenue in 2022 was $31,726,966.
Official website here: www.daytonfoundation.org
Who are the executives of Dayton Foundation Depository and what are their salaries?
Here are 23 key members and their salaries:
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- Related: $174,354
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- Other: $216
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- Related: $121,050
- Other: $6,502
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- Related: $136,375
- Other: $531
Official website here: www.daytonfoundation.org
Where can I find the form 990 for Dayton Foundation Depository?
Dayton Foundation Depository's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.daytonfoundation.org
Learn more at the official website: www.daytonfoundation.org
Mission Statement of Dayton Foundation Depository
The Dayton Foundation Depository is a charitable organization dedicated to pooling the contributions of numerous donors and managing the distribution of these funds to various charitable, scientific, and educational organizations across the United States. Established with the purpose of exclusively operating for tax-exempt charitable causes under Section 501(c)(3) of the Internal Revenue Code, this foundation handles donor funds with care and efficiency.
In the course of a year, the Dayton Foundation Depository facilitates grants to a vast array of organizations, making a total of 13,675 grants to 3,645 unique beneficiaries. These grants are disbursed from 1,262 individual funds held by the foundation. The organization's mission is to make a meaningful difference in the lives of those in need by providing crucial financial support to various charitable initiatives. Through its extensive grant-making efforts, the Dayton Foundation Depository serves as a vital link between generous donors and deserving organizations.
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Impact
October, 2024
The Dayton Foundation Depository significantly impacts the community and beyond by efficiently pooling contributions from numerous donors, thereby enhancing the collective capacity to support charitable initiatives. In a recent year, it facilitated 13,675 grants to 3,645 different organizations, showcasing its role as a vital connector between donors and charitable causes. This extensive network enables targeted funding for various charitable, scientific, and educational purposes, ultimately driving positive change across Dayton and the United States. By operating under the guidelines of Section 501(c)(3) of the Internal Revenue Code, it ensures that its activities align with recognized charitable objectives, further solidifying its influence in philanthropy and community development.
This information is meant to be a general summary of Dayton Foundation Depository. 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: $623,381
- Gross Receipts: $31,875,020
Assets and Liabilities:
- Total Assets: $44,970,417
- Total Liabilities: $44,949,575
- Net Assets: $20,842
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Organization Details
Founding Year
1982
Phone
(937) 222-0410Principal Officer
Stephen D Darnell
Main Address
1401 S MAIN STREET SUITE 100, DAYTON, OH, 45409
Website
www.daytonfoundation.orgNTEE Category
Code: T31Z - Philanthropy
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