Overview
What is The Design Foundation Inc?
The Design Foundation Inc, situated in Herndon, Virginia, is a nonprofit organization dedicated to the promotion of scholarship and education. They demonstrate their commitment by offering annual tuition assistance scholarships worth $5,000 each to one graduate and one undergraduate student pursuing studies in industrial design. The aim of these scholarships is to support and foster the growth of talent in this field.
Official website here: www.idsadesignfoundation.org
Is The Design Foundation Inc legitimate?
The Design Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Design 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:
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Other Salaries and Wages: $15,374
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Official website here: www.idsadesignfoundation.org
What is the mission statement of The Design Foundation Inc?
The Design Foundation Inc, as an organization, is committed to promoting scholarship and education among the general public. Their mission statement, in essence, is geared towards disseminating knowledge through educational initiatives. To further this goal, they offer annual scholarships of $5,000 each to two students pursuing industrial design at the graduate and undergraduate levels. This financial aid serves as a testament to their dedication to fostering academic growth and nurturing talent in the field of industrial design.
Official website here: www.idsadesignfoundation.org
What is the revenue of The Design Foundation Inc?
The Design Foundation Inc's revenue in 2023 was $16,003.
Official website here: www.idsadesignfoundation.org
Who are the executives of The Design Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.idsadesignfoundation.org
Where can I find the form 990 for The Design Foundation Inc?
The Design Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.idsadesignfoundation.org
Learn more at the official website: www.idsadesignfoundation.org
Mission Statement of The Design Foundation Inc
The Design Foundation, as a nonprofit organization, is dedicated to promoting scholarship and education within the public sphere. At its core, its mission is to encourage learning and knowledge dissemination among the general population. To further this goal, The Design Foundation provides financial aid in the form of scholarships to two deserving students annually. These scholarships, worth $5,000 each, are awarded to one undergraduate and one graduate student pursuing studies in industrial design. By offering this financial support, The Design Foundation is not only investing in the future of design but also contributing to the broader educational landscape, fostering a culture of learning and innovation.
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Impact
August, 2024
The Design Foundation Inc's impact can be seen through its provision of tuition assistance to talented individuals studying industrial design. By awarding scholarships to one graduate and one undergraduate student each year, totaling $5,000 for each scholarship in 2022, the organization is directly supporting the education and professional development of these individuals. Through this initiative, The Design Foundation Inc is contributing to the advancement of knowledge and skills in the field of industrial design, ultimately benefiting both the recipients of the scholarships and the broader public by fostering innovation and expertise in this discipline.
This information is meant to be a general summary of The Design 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 2023.
- Investment Income: $11,861
- Gross Receipts: $108,224
Assets and Liabilities:
- Total Assets: $554,654
- Total Liabilities: $115,695
- Net Assets: $438,959
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Organization Details
Founding Year
2001
Principal Officer
Jerry Layne
Website
www.idsadesignfoundation.orgNTEE Category
Code: B82 - Education
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