Nonprofit · EIN 31-6027287
DAYTON FOUNDATION
Tax-exempt · DAYTON, OH 45409
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $131,240,042 | $51,461,325 | $79,778,717 | $771,164,625 | $169,771,057 | $601,393,568 |
| June 30, 2024 | 990 | $65,553,692 | $49,661,162 | $15,892,530 | $649,636,891 | $157,136,220 | $492,500,671 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $92,559,001
- Program service revenue
- $1,671,705
- Investment income
- $36,462,545
- Net gain from sales of assets
- $19,698,388
- Net income from fundraising events
- -$1,951
- Other revenue
- $546,791
Expenses
- Grants and similar amounts paid
- $37,256,401
- Compensation of officers, directors and key employees
- $1,518,529
- Other salaries and wages
- $2,390,608
- Salaries, compensation and benefits (total)
- $4,930,718
- Professional fundraising fees
- $0
- Legal fees
- $67,104
- Accounting fees
- $60,196
- Occupancy
- $314,196
- Travel
- $25,028
- Depreciation
- $15,408
- Program services (functional)
- $43,393,225
- Management and general (functional)
- $7,648,171
- Fundraising (functional)
- $419,929
Balance sheet and other
- Total assets, start of year
- $649,636,891
- Total assets, end of year
- $771,164,625
- Total liabilities, end of year
- $169,771,057
- Net assets, end of year
- $601,393,568
- Land, buildings and equipment
- $719,349
- Net assets without donor restrictions
- $586,137,921
- Net assets with donor restrictions
- $15,255,647
- Gross unrelated business income
- -$98,875
- Gross receipts
- $131,374,997
- Employees
- 66
- Volunteers
- 15
- Year formed
- 1921
- State of legal domicile
- OH
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL M PARKS | PRESIDENT/SECRETARY Officer | 40 | $933,846 | $19,635 |
| MICHELLE LOVELY | VP DEVELOPMENT AND DONOR SERVICES Officer | 40 | $227,104 | $17,822 |
| AMY WAGNER | SENIOR VP OF OPERATIONS Officer | 40 | $218,352 | $216 |
| STEPHEN D DARNELL | V.P. FINANCE Officer | 40 | $164,319 | $14,446 |
| BARBRA STONEROCK | COMMUNITY ENGAGEMENT Officer | 40 | $162,230 | $5,613 |
| CHRIS SMITH | VP MARKETING & PUBLIC RELA Officer | 40 | $139,609 | $6,283 |
| S TRACIE BOSHEARS | ASSISTANT TREASURER Officer | 40 | $76,385 | $5,428 |
| JEANNE S HOLIHAN | ADMINISTRATION VP Officer | 40 | $41,247 | $100 |
| L TONY ORTIZ | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| DAVID T MILLER | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ART HARLAN | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| LORI KERSHNER | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| RAKESH ARORA | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| VALERIE LEMMIE | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ALLICE MCCOLLUM | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTHA SHAKER | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 |
| JOSH STUCKEY | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 |
| THOMAS J BECKER | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 |
| GEORGE E FOREST | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 |
| CASSIE BARLOW | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 |
| JANICE L CULVER | CHAIR GOVERNING BOARD MEMB Trustee or director | 0.25 | $0 |
| JAMES VAUGHN | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 |
| ALONZO PATTERSON III | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL M PARKS | PRESIDENT/SECRETARY Officer | 40 | $861,130 | $22,511 |
| MICHELLE LOVELY | VP DEVELOPMENT AND DONOR SERVICES Officer | 40 | $209,477 | $20,513 |
| JEANNE S HOLIHAN | ADMINISTRATION VP Officer | 40 | $210,623 | $140 |
| STEPHEN D DARNELL | V.P. FINANCE Officer | 40 | $149,690 | $17,517 |
| BARBRA STONEROCK | COMMUNITY ENGAGEMENT Officer | 40 | $152,711 | $932 |
| CHRIS SMITH | VP MARKETING & PUBLIC RELA Officer | 40 | $133,607 | $5,936 |
| S TRACIE BOSHEARS | ASSISTANT TREASURER Officer | 40 | $72,969 | $4,828 |
| AMY WAGNER | SENIOR VICE PRESIDENT OF OPERATIONS Officer | 40 | $65,811 | $68 |
| JOSEPH B BALDASARE | CHIEF DEVELOPMENT OFFICER Officer | 40 | $40,718 | $0 |
| L TONY ORTIZ | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| DAVID T MILLER | CHAIR GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ART HARLAN | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| J NORMAN ECKSTEIN | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| RAKESH ARORA | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| VALERIE LEMMIE | GOVERNING BOARD MEMBER Trustee or director, Officer | 0.25 | $0 | $0 |
| ALLICE MCCOLLUM | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| MARTHA SHAKER | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| JOSH STUCKEY | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| THOMAS J BECKER | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| GEORGE E FOREST | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| CASSIE BARLOW | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| JANICE L CULVER | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| JAMES VAUGHN | GOVERNING BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1401 S MAIN ST STE 100, DAYTON, OH 45409-2600
- Principal officer (990 for 2024)
- STEPHEN D DARNELL, 1401 S MAIN STREET SUITE 100, DAYTON, OH 45409
- Signed the 990
- STEPHEN D DARNELL, V.P. OF FINANCE
- Phone
- (937) 222-0410
- Return prepared by
- FLAGEL HUBER FLAGEL
Mission
TO OPERATE EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED.
Program accomplishments
- DESIGNATED AND ADVISED GRANTS TO 501(C)(3) ORGANIZATIONSExpenses $30,387,850 · grants $30,387,850
- SCHOLARSHIP GRANTS TO COLLEGES AND UNIVERSITIESExpenses $3,936,103 · grants $3,936,103
- DISCRETIONARY GRANTS AS DETERMINED BY THE DAYTON FOUNDATION GRANTS COMMITTEEExpenses $2,932,448 · grants $2,932,448
- PROGRAM EXPENSES SUCH AS PERSONNEL COSTS, BROCHURES, WEBSITE SERVICES, MAILING COSTS, APPRAISALS AND OTHER COSTS ASSOCIATED WITH CONTRIBUTIONS TO A FUND, AND SIMILAR EXPENSES DIRECTLY RELATED TO THE CHARITABLE PURPOSE OF THE FUND.Expenses $6,136,824
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 31-6027287
- 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
- 1926
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $771,164,625
- Income (IRS master file)
- $131,374,997
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $59,281,429 | $71,402,673 | $583,453,329 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $86,220,290 | $42,041,360 | $550,779,259 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about DAYTON FOUNDATION
- What is the EIN of DAYTON FOUNDATION?
- The employer identification number (EIN) of DAYTON FOUNDATION is 31-6027287.
- Is DAYTON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1926.
- Are donations to DAYTON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DAYTON FOUNDATION 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 DAYTON FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DAYTON FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DAYTON FOUNDATION?
- The 990 for the year ended June 30, 2025 names STEPHEN D DARNELL.
- Who are the officers and directors of DAYTON FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 23 people; 8 received compensation from the organization, the highest $933,846 (MICHAEL M PARKS, PRESIDENT/SECRETARY).
- How much revenue does DAYTON FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $131,240,042, expenses of $51,461,325 and total assets of $771,164,625 at year end.
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All nonprofits in DAYTON · Ohio · Philanthropy, voluntarism and grantmaking foundations