Nonprofit · EIN 31-1791067
DESIGN FOUNDATION INC
Tax-exempt · HERNDON, VA 20170
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $28,584 | $35,033 | -$6,449 | $681,590 | $187,532 | $494,058 |
| December 31, 2023 | 990 | $16,003 | $47,687 | -$31,684 | $620,229 | $158,424 | $461,805 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,081
- Program service revenue
- $0
- Investment income
- $25,503
- Net gain from sales of assets
- $12,611
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $10,000
- Other salaries and wages
- $7,964
- Salaries, compensation and benefits (total)
- $9,320
- Professional fundraising fees
- $0
- Legal fees
- $125
- Accounting fees
- $2,300
- Occupancy
- $129
- Depreciation
- $284
- Program services (functional)
- $28,310
- Management and general (functional)
- $6,723
Balance sheet and other
- Total assets, start of year
- $620,229
- Total assets, end of year
- $681,590
- Total liabilities, end of year
- $187,532
- Net assets, end of year
- $494,058
- Publicly traded securities
- $549,440
- Net assets without donor restrictions
- $131,417
- Net assets with donor restrictions
- $362,641
- Gross receipts
- $56,110
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Donte P Shannon | Chief Executive Officer Officer | 0.25 | $0 | $297,000 | $10,663 |
| Clay Von Lowe | President Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Maureen Carroll | Vice President Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| Qin Li | Secretary/Treasurer Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| Owen Foster | Trustee Trustee or director | 0.25 | $0 | $0 | $0 |
| Michelle Berryman | Trustee Trustee or director | 0.25 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Clay Von Lowe | President Trustee or director, Officer | 2 | $0 |
| Maureen Carroll | Vice President Trustee or director, Officer | 1 | $0 |
| Qin Li | Secretary/Treasurer Trustee or director, Officer | 1 | $0 |
| Verena Paepcke-Hjeltness | Trustee Trustee or director | 1 | $0 |
| Michelle Berryman | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1110 HERNDON PKWY STE 307, HERNDON, VA 20170-5547
- In care of
- % JOSEPH GREIF
- Principal officer (990 for 2024)
- Donte Shannon, 1110 Herndon Pkwy 307, Herndon, VA 20170
- Signed the 990
- Donte Shannon, Chief Executive Officer
- Phone
- (703) 707-6000
- Website
- www.idsadesignfoundation.org
- Return prepared by
- Rogers & Company PLLC
Mission
To promote scholarship and education to the public.
Program accomplishments
- The Design Foundation provides tuition assistance for one graduate and one undergraduate collegiate student studying industrial design each year. For 2024, each scholarship was $5,000.Expenses $20,633 · grants $10,000
- Event Access - As part of our diversity, equity, and inclusion initiatives, we launched our DEI Event Access program offers individuals who are underrepresented in industrial design-primarily BIPOC (Black, Indigenous, People of Color), female-identified and non-binary students-complimentary access to national Industrial Designers Society of America events. In 2024, 36 individuals received complimentary registration to individuals to attend various IDSA events, valued at $2,892.Expenses $7,677
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1791067
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $681,590
- Income (IRS master file)
- $56,110
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $28,584 | $35,033 | $681,590 | IRS |
| 990 | December 2023 | $16,003 | $47,687 | $620,229 | XML |
| 990 | December 2022 | $15,880 | $36,938 | $554,654 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1791067).
Questions about DESIGN FOUNDATION INC
- What is the EIN of DESIGN FOUNDATION INC?
- The employer identification number (EIN) of DESIGN FOUNDATION INC is 31-1791067.
- Is DESIGN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to DESIGN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DESIGN FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DESIGN FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DESIGN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DESIGN FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Donte Shannon.
- Who are the officers and directors of DESIGN FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does DESIGN FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $28,584, expenses of $35,033 and total assets of $681,590 at year end.
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