Dla Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 454439257 ✦ Alexandria, VA ✦ Designated as a 501(c)(3)

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Overview

What is Dla Foundation?

The Dla Foundation is a nonprofit organization that plays a pivotal role in supporting education by granting scholarships. Specifically, they have awarded 21 Dla Scholarships to deserving students to help fund their college education. Acting as a scholarship provider, the foundation also offers student financial aid services, contributing to the academic pursuits of numerous individuals. Based on the information provided, it appears that the Dla Foundation is dedicated to empowering students financially, thereby contributing to their academic and personal growth.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement - 60%, Two-Star out of Four Star Rating

The Dla Foundation has received a Two-Star rating from Charity Navigator, reflecting a need for improvement in various areas of accountability and finance. With an overall score of 60%, the organization demonstrates a strong program expense ratio of 98.03%, indicating that most of its expenses are dedicated to its programs. However, the lack of independent board members and critical governance policies raises concerns about its overall transparency and accountability.

The foundation's board composition is entirely non-independent, scoring 0 out of 10 points in both independent board members and size. Furthermore, it has not established several important policies, such as a whistleblower policy and a document retention policy, which are essential for organizational integrity. The absence of a website listed on the tax form and failure to post its tax form on its website also detracts from its overall accountability.

While the Dla Foundation shows promise in its financial commitment to its programs, the noted deficiencies in governance and transparency highlight areas that require significant improvement. Addressing these issues could enhance the foundation's credibility and effectiveness in achieving its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Dla Foundation legitimate?

Dla Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dla Foundation 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

What is the mission statement of Dla Foundation?

The Dla Foundation's mission revolves around providing financial aid to students, as evidenced by its awarding of 21 scholarships through its college scholarship program. Operating as a scholarship provider, the organization's primary activity involves offering student financial assistance services. In essence, the Dla Foundation aims to support deserving students in their pursuit of higher education.

Who is the CEO of Dla Foundation?

Mr Michael Scott is the Board Member of Dla Foundation.

What is the revenue of Dla Foundation?

Dla Foundation's revenue in 2022 was $68,948.

Who are the executives of Dla Foundation and what are their salaries?


Here are 12 key members and their salaries:


Ms Barbara Doornink (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan J Daddario (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Brenda Longest (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Cosfol (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Mellon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Mike Cannon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony L Poleo (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vadm Alan S Thompson Sc Usn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mg H Proctor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Michael Scott (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Mae Devincentis (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vadm Keith Lippert Sc Usn Ret (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Dla Foundation?

Dla Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Dla Foundation

The Dla Foundation, a nonprofit organization, is committed to providing financial aid to deserving students through its scholarship program. By awarding 21 scholarships annually, the foundation helps lessen the financial burden of pursuing higher education for eligible students. Operating as a scholarship provider, the Dla Foundation plays a vital role in fostering educational opportunities and supporting the aspirations of young individuals.

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Impact




August, 2024

The Dla Foundation's impact is significant, as it has awarded 21 scholarships to students through its program that funds college scholarships. By providing financial aid to students through its scholarship program, the organization is helping students pursue their academic goals and achieve higher education. This support not only benefits the individual recipients but also contributes to the overall enrichment and advancement of the community by investing in the education and future success of its members.




This information is meant to be a general summary of Dla Foundation. 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.

Revenue
$68,948 (2022)
Expenses
$77,369 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $69
  • Gross Receipts: $68,948

Assets and Liabilities:

  • Total Assets: $68,383
  • Total Liabilities: $7,500
  • Net Assets: $60,883

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Organization Details

Founding Year

2013

Principal Officer

Mr Michael Scott

Main Address

6400 BEULAH STREET STE 300, ALEXANDRIA, VA, 22310

NTEE Category

Code: Y99 - Mutual benefit

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