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
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: $173,672
Professional Fundraising Fees: $0
Other Salaries and Wages: $322,634
For more financial information, click here
Official website here: www.damar.org
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
What is the revenue of Damar Foundation Inc?
Damar Foundation Inc's revenue in 2024 was $3,393,389.
Official website here: www.damar.org
Who are the executives of Damar Foundation Inc and what are their salaries?
The average compensation at Damar Foundation Inc during 2024 was $82,718. There are 6 employees and 50 volunteers at Damar Foundation Inc.
Here are 10 key members and their salaries:
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- Compensation: $183,056
- Related: $45,764
- Other: $34,403
Official website here: www.damar.org
Where can I find the form 990 for Damar Foundation Inc?
Damar Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.damar.org
Learn more at the official website: www.damar.org
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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,554,791
- Program Service Revenue: $957,381
- Gross Receipts: $3,944,871
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
$957,197
Miscellaneous
Revenue
$184
Organization Details
Founding Year
2013
Principal Officer
Shawn Collinsworth
Website
www.damar.orgNTEE Category
Code: P11 - Human services
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