Dayton Foundation Charitable Accounts Inc
Nonprofit profile at a glance
- EIN
- 311330325
- IRS 990 coverage
- 2009–2022
- Forms available
- Form 990 2022
- Location
- Dayton, OH, USA
- Phone
- 9372220410
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $224,947
- Expenses
- $6,155,758
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- MICHAEL M PARKS (PRESIDENT/SECRETARY)
Highest reported compensation
- MICHAEL M PARKS (PRESIDENT/SECRETARY): $774,428 total reported compensation
- MICHELLE LOVELY (V.P. DEVELOPMENT): $211,290 total reported compensation
- JEANNE S HOLIHAN (ADMINISTRATION VP): $193,038 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Dayton foundation charitable accounts, inc. Is a section 509(a)(3) supporting organization to the dayton foundation, inc., a section 501(c)(3) publicly supported community foundation. The dayton foundation is the sole member of the dayton foundation charitable accounts, inc. The dayton foundation formed dayton foundation charitable accounts, inc. As a donor-designated endowment fund to conduct activities to raise money and gifts of property from interested individuals, corporations, business organizations, groups and associations, and distribute such funds exclusively for charitable purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended, and in a manner supportive of the charitable purposes of the dayton foundation.
What it reported doing in 2022
During the year, the dayton foundation charitable accounts, inc. Made 64 grants to 56 different charitable organizations from 15 funds.
Operating model
- Revenue model
- Investment-supported. 68% of the money available for current operations came from recurring investment income.
- Distribution model
- Affiliate network. The nonprofit sent 98% of its reported program spending through affiliated organizations.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 80
- Accountability: 91
- Sustainability: 5
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.2%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 17th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 56.9%; rating input score 57; 44th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2,636.5%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 1.1%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 31.4% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 0.5% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: -0.3% per year; rating input score 0; 25th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.2% of spending went to programs
- Governance: 15 of 15 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $6.1M in reported program spending
- Leadership: top reported pay $774K · 23 people listed · 5 of 6 pay-setting controls reported
- Consistency: 14 of 15 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2009 to 2022
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 14 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 0/100.
- Review — Transparency & Controls: Grant itemization coverage scored 57/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.