Dpm Asset Management Inc

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

EIN: 843891903 ✦ Waco, TX ✦ Designated as a 501(c)(2)

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Overview

What is Dpm Asset Management Inc?

Dpm Asset Management Inc is a nonprofit organization that plays a unique role in supporting the Dr Pepper Museum and Free Enterprise Institute. Their primary function is to hold title to property and collect income derived from it. After deducting expenses, they then transfer the entire amount to the aforementioned institutions. This arrangement allows Dpm Asset Management to contribute to the preservation and operation of these entities, thus playing a significant role in their continued success.

Is Dpm Asset Management Inc legitimate?

Dpm Asset Management Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Dpm Asset Management 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Dpm Asset Management Inc?

DPM Asset Management Inc's primary role is to manage a specific property, collecting its income, and then disbursing the total earnings, after deducting expenses, to the Dr Pepper Museum and the Free Enterprise Institute. This organization provides title holding services as part of its programs, with the primary objective of financially supporting these two institutions. The company's mission can be interpreted as its commitment to serve as a financial intermediary, ensuring the smooth operation of the property and the subsequent transfer of funds to the Dr Pepper Museum and the Free Enterprise Institute.

Who is the CEO of Dpm Asset Management Inc?

Chris Dyer is the President of Dpm Asset Management Inc.

What is the revenue of Dpm Asset Management Inc?

Dpm Asset Management Inc's revenue in 2022 was $451,812.

Who are the executives of Dpm Asset Management Inc and what are their salaries?

There 8 volunteers at Dpm Asset Management Inc.


Here are 7 key members and their salaries:


Chris Dyer (President)
  • Compensation: $0
  • Related: $138,526
  • Other: $10,440
Stewart Kelly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Chase (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcus Brooks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Clifton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joy Summar-Smith (Secretary)
  • Compensation: $0
  • Related: $69,488
  • Other: $3,006
Daniel Reyna (Treasurer)
  • Compensation: $0
  • Related: $39,404
  • Other: $4,548
Where can I find the form 990 for Dpm Asset Management Inc?

Dpm Asset Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Dpm Asset Management Inc

Dpm Asset Management Inc, a nonprofit organization, is dedicated to holding title to property and collecting income derived from it. Their primary mission is to channel the entire income, minus expenses, to two beneficiaries: the Dr Pepper Museum and the Free Enterprise Institute. By carrying out these responsibilities, Dpm Asset Management Inc contributes to the preservation and promotion of these two entities, thereby playing a significant role in their operations. The organization offers title holding services as part of its programs, demonstrating its commitment to supporting these institutions.

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Impact




October, 2024

DPM Asset Management Inc plays a crucial role in supporting the Dr Pepper Museum and Free Enterprise Institute by holding title to property and managing income generated from these assets. Through its dedicated management, the organization ensures that financial resources are effectively channeled to the museum, enhancing its capacity to operate and fulfill its mission. The income collected helps sustain various programs and activities that promote the arts and education related to the history of Dr Pepper and the principles of free enterprise. By streamlining property management and maximizing income, DPM Asset Management contributes significantly to the cultural and educational landscape of Waco, Texas.




This information is meant to be a general summary of Dpm Asset Management 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
$451,812 (2022)
Expenses
$7,382 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $221
  • Gross Receipts: $893,550

Assets and Liabilities:

  • Total Assets: $5,502,403
  • Total Liabilities: $680,062
  • Net Assets: $4,822,341

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Organization Details

Founding Year

2019

Principal Officer

Chris Dyer

Main Address

300 S 5TH ST, WACO, TX, 76701

NTEE Category

Code: A11 - Arts

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