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Dme Sports Foundation Inc

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

EIN: 820922093 ✦ Daytona beach, FL ✦ Designated as a 501(c)(3)

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Overview

What is Dme Sports Foundation Inc?

Dme Sports Foundation Inc is a nonprofit organization committed to offering academic and athletic scholarships to individuals with a proven financial need. By providing these scholarships, the foundation aims to empower and support qualified individuals, enabling them to pursue their academic and athletic pursuits. The foundation's primary mission revolves around this core objective, ensuring that deserving individuals have the opportunity to excel in their chosen fields.

Is Dme Sports Foundation Inc legitimate?

Dme Sports Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dme Sports Foundation Inc submitted a form 990EZ, 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.

What is the mission statement of Dme Sports Foundation Inc?

The Dme Sports Foundation Inc's mission is centered around offering scholarships to individuals who demonstrate a substantial need, encompassing both their academic and athletic pursuits. The foundation aims to provide financial aid to these qualified individuals, thereby enabling them to further their education and participate in sports. This initiative is a testament to the foundation's commitment to supporting the growth and development of deserving individuals. The scholarships offered by Dme Sports Foundation Inc serve as a beacon of hope and opportunity, empowering individuals to overcome financial barriers and pursue their dreams in education and sports.

Who is the CEO of Dme Sports Foundation Inc?

Daniel M Panaggio is the Treasurer of Dme Sports Foundation Inc.

What is the revenue of Dme Sports Foundation Inc?

Dme Sports Foundation Inc's revenue in 2023 was $22,500.

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


Here are 2 key members and their salaries:


Michael J Panaggio (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel M Panaggio (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Dme Sports Foundation Inc?

Dme Sports Foundation Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Dme Sports Foundation Inc

Dme Sports Foundation Inc is a nonprofit organization dedicated to assisting individuals in need, both academically and athletically. Its mission is to identify qualified individuals who demonstrate a significant financial need and provide them with the necessary scholarships to support their educational pursuits and athletic endeavors. By offering these scholarships, Dme Sports Foundation Inc aims to make higher education and sports opportunities more accessible to a broader range of individuals, ensuring that talent and potential are not hindered by financial constraints. The foundation's mission is a testament to its commitment to empowering individuals, providing them with the tools they need to succeed in their chosen fields and ultimately, contribute positively to their communities.

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Impact




August, 2024

DME Sports Foundation Inc's impact lies in providing scholarships for academic and athletic assistance to qualified individuals with a demonstrated need. By offering financial support to those who require it, the organization is helping individuals achieve their academic and athletic goals. This initiative contributes to the development and success of young people by enabling them to pursue their education and athletic endeavors despite financial constraints.




This information is meant to be a general summary of Dme Sports 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
$22,500 (2023)
Expenses
$123,826 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $22,500

Assets and Liabilities:

  • Total Assets: $121,079
  • Total Liabilities: $1,205
  • Net Assets: $119,874

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Organization Details

Principal Officer

Daniel M Panaggio

Main Address

2441 BELLEVUE AVENUE, DAYTONA BEACH, FL, 32114

NTEE Category

Code: O50 - Youth development

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