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Dbc Foundation

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

EIN: 822888305 ✦ Dallas, TX ✦ Designated as a 501(c)(3)

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Overview

What is Dbc Foundation?

The DBC Foundation is a charitable organization that focuses on fundraising for local nonprofits. Notably, they have contributed significantly to two organizations: Bonton Farms and Cafe Momentum. In early 2022, they donated $16,000 to Bonton Farms, an initiative that provides essential services and healthy food options in a food desert area, as part of their Four Roses bourbon campaign. Moreover, their annual fundraising event yielded $55,000 for Cafe Momentum, a program that supports ex-juvenile youth by offering culinary training. The DBC Foundation continues to contribute positively to their local community by supporting these noble causes.


Official website here: www.dallasbourbonclub.com

Is Dbc Foundation legitimate?

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


Official website here: www.dallasbourbonclub.com

What is the mission statement of Dbc Foundation?

The DBC Foundation's mission is centered around fundraising for local nonprofit organizations. One of their notable contributions was a $16,000 donation to Bonton Farms, a nonprofit that offers services and promotes access to healthy food in a food desert area. This contribution was made during the first quarter of 2022 through their Four Roses bourbon campaign. Furthermore, the foundation's annual signature fundraising event yielded $55,000 for Cafe Momentum in Dallas, supporting their culinary programs for ex-juvenile youth. In essence, the DBC Foundation aims to provide financial assistance to local nonprofits, thereby contributing to their respective causes.


Official website here: www.dallasbourbonclub.com

Who is the CEO of Dbc Foundation?

Daniel Palos is the President of Dbc Foundation.


Official website here: www.dallasbourbonclub.com

What is the revenue of Dbc Foundation?

Dbc Foundation's revenue in 2022 was $191,254.


Official website here: www.dallasbourbonclub.com

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

There 6 volunteers at Dbc Foundation.


Here are 6 key members and their salaries:


Brian Lowe (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Schmidt (Executive Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Wildman (Vice President - Technology)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Varela (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Palos (Vice President - Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dustin Sheppard (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.dallasbourbonclub.com

Where can I find the form 990 for Dbc Foundation?

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


Official website here: www.dallasbourbonclub.com

Learn more at the official website: www.dallasbourbonclub.com

Mission Statement of Dbc Foundation

The Dbc Foundation, a philanthropic organization, is committed to raising funds for local nonprofits. One of the beneficiaries of their generosity is Bonton Farms, a organization that offers services and provides healthy food options in a food desert area. The Dbc Foundation contributed $16,000 towards Bonton Farms' initiatives, a sum that was disbursed in the first quarter of 2022, as part of their Four Roses bourbon campaign.

The Dbc Foundation's most significant annual fundraising event resulted in a contribution of $55,000 to Cafe Momentum, a nonprofit organization based in Dallas. This donation was specifically earmarked for Cafe Momentum's culinary programs, which are designed to support ex-juvenile youth by providing them with opportunities for skill development and employment in the food service industry.

In essence, the Dbc Foundation's mission revolves around mobilizing resources to bolster the efforts of local nonprofits. By providing financial support to organizations such as Bonton Farms and Cafe Momentum, the Dbc Foundation is contributing to the betterment of their communities, addressing issues like food insecurity and providing opportunities for at-risk youth.

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Impact




October, 2024

The Dbc Foundation significantly impacts local communities by raising funds to support essential nonprofits. In Dallas, their efforts have directed $16,000 to Bonton Farms, which addresses food insecurity by providing healthy foods and services in a food desert area. This initiative highlights the foundation's commitment to improving access to nutritious food and uplift local residents.

Additionally, their major fundraising event raised $55,000 for Cafe Momentum, an organization dedicated to providing culinary training and support for ex-juvenile youth. This contribution aids in creating opportunities for young individuals, helping them develop skills for employment and fostering positive futures. Through these initiatives, the Dbc Foundation enhances community well-being by investing in vital local services and empowering underserved populations.




This information is meant to be a general summary of Dbc 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
$191,254 (2022)
Expenses
$187,680 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $226,294

Assets and Liabilities:

  • Total Assets: $72,135
  • Total Liabilities: $67,000
  • Net Assets: $5,135

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Organization Details

Founding Year

2013

Principal Officer

Daniel Palos

Main Address

7335 Haverford Rd, Dallas, TX, 75214

NTEE Category

Code: T30 - Philanthropy

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