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Damar Foundation Inc

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

EIN: 464444224 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

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Overview

What is Damar Foundation Inc?

The Damar Foundation Inc, based in Indianapolis, Indiana, is a nonprofit organization committed to supporting the charitable and educational endeavors of Damar Services, Inc. Established with the primary goal of raising awareness and generating financial support for this long-standing organization, the Damar Foundation has been instrumental in providing a variety of services to children, youth, adults, and families for over five decades. Their initiatives encompass residential and community-based treatment programs, outpatient care, and educational services. By increasing public recognition and financial backing, the Damar Foundation contributes to the continuation and preservation of vital assets utilized in delivering these essential services.


Official website here: www.damar.org/damar-foundation

Is Damar Foundation Inc legitimate?

Damar Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Damar 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: $132,468
Professional Fundraising Fees: $0
Other Salaries and Wages: $246,010

For more financial information, click here


Official website here: www.damar.org/damar-foundation

What is the mission statement of Damar Foundation Inc?

The Damar Foundation Inc was established with the purpose of supporting and promoting the charitable and educational activities of Damar Services Inc. This foundation aims to enhance public awareness and secure financial backing for Damar Services, an organization that has been providing various services to children, youth, adults, and families for over half a century. The Damar Foundation's mission also involves preserving certain assets used in the delivery of these services. The supported organization offers a range of programs, including residential and community-based treatment programs, outpatient services, and educational initiatives. The primary goal of the Damar Foundation is to contribute to the continued growth and success of Damar Services.


Official website here: www.damar.org/damar-foundation

Who is the CEO of Damar Foundation Inc?

Shawn Collinsworth is the President of Damar Foundation Inc.


Official website here: www.damar.org/damar-foundation

What is the revenue of Damar Foundation Inc?

Damar Foundation Inc's revenue in 2022 was $4,342,895.


Official website here: www.damar.org/damar-foundation

Who are the executives of Damar Foundation Inc and what are their salaries?

The average compensation at Damar Foundation Inc during 2022 was $63,080. There are 6 employees and 50 volunteers at Damar Foundation Inc.


Here are 10 key members and their salaries:


Shawn Collinsworth (President)
  • Compensation: $179,316
  • Related: $44,829
  • Other: $19,934
Bob Kort (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Happy Dhani Beg 09012021 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Beth Oakes (Director (Beg 03/01/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Ali Fell Beg 03012022 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Wilkes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Grimes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Hadden (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Harris Beg 09012021 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregg Keele Beg 03012022 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.damar.org/damar-foundation

Where can I find the form 990 for Damar Foundation Inc?

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


Official website here: www.damar.org/damar-foundation

Learn more at the official website: www.damar.org/damar-foundation

Mission Statement of Damar Foundation Inc

The Damar Foundation Inc, as a charitable organization, is dedicated to raising public awareness and securing financial support for Damar Services Inc. This latter entity has been providing a variety of charitable and educational services to children, youth, adults, and families for over half a century. The mission of the Damar Foundation, therefore, is to bolster the efforts of Damar Services Inc and preserve certain assets used in delivering these programs. The supported organization offers residential and community-based treatment programs, outpatient services, and educational initiatives, aiming to support individuals and families in need. The Damar Foundation's work contributes to the ongoing success and impact of Damar Services Inc, ensuring that it can continue to provide vital support to its clientele.

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Impact




October, 2024

Damar Foundation Inc significantly enhances the visibility and financial support for Damar Services, an organization dedicated to offering a wide range of charitable and educational services for over 50 years. By engaging with supporters, families in need of services, policymakers, and the general public, it plays a crucial role in increasing awareness about the vital assistance Damar Services provides to children, youth, adults, and families.

The foundation's efforts focus not only on fundraising but also on maintaining and preserving essential assets that are critical for delivering effective programs, including residential and community-based treatment solutions, outpatient care, and educational initiatives. Through these activities, Damar Foundation Inc ensures that the necessary resources are available to support the diverse needs of individuals and families navigating challenges related to healthcare and education, ultimately fostering a more informed and supportive community.




This information is meant to be a general summary of Damar 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.

Revenue
$4,342,895 (2022)
Expenses
$2,355,021 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,396,581
  • Program Service Revenue: $1,373,054
  • Gross Receipts: $4,656,732

Assets and Liabilities:

  • Total Assets: $56,354,966
  • Total Liabilities: $157,691
  • Net Assets: $56,197,275

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$1,372,979

MISCELLANEOUS

Revenue

$75

Organization Details

Founding Year

2013

Principal Officer

Shawn Collinsworth

Main Address

6067 DECATUR BLVD, INDIANAPOLIS, IN, 46241

NTEE Category

Code: P11 - Human services

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