Nonprofit · EIN 38-4116440
DACE FOUNDATION
Tax-exempt · FREDERICK, MD 21702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $47,536 | $61,773 | -$14,237 | $12,751 | $16,039 | -$3,288 |
| December 31, 2024 | 990 | $51,859 | $67,151 | -$15,292 | $21,752 | $10,803 | $10,949 |
| December 31, 2023 | 990 | $44,405 | $63,583 | -$19,178 | $33,086 | $6,845 | $26,241 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $47,536
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $823
- Travel
- $540
- Depreciation
- $10,572
- Program services (functional)
- $46,681
- Management and general (functional)
- $15,092
Balance sheet and other
- Total assets, start of year
- $21,752
- Total assets, end of year
- $12,751
- Total liabilities, end of year
- $16,039
- Net assets, end of year
- -$3,288
- Land, buildings and equipment
- $10,210
- Net assets without donor restrictions
- -$3,288
- Gross receipts
- $47,536
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2019
- State of legal domicile
- MD
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daniel Payne | Director Trustee or director | 1 | $0 |
| Frank Justice Atta | Director Trustee or director | 1 | $0 |
| Dennis Mensah Sarbah | Director Trustee or director | 1 | $0 |
| Aaron Geraldo De-lima | Director Trustee or director | 1 | $0 |
| Wilfred Yartey | President Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daniel Payne | Director Trustee or director | 1 | $0 |
| Frank Justice Atta | Director Trustee or director | 1 | $0 |
| Dennis Mensah Sarbah | Director Trustee or director | 0.5 | $0 |
| Aaron Geraldo De-lima | Director Trustee or director | 0.5 | $0 |
| Wilfred Yartey | President Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daniel Payne | Director Trustee or director | 1 | $0 |
| Frank Justice Atta | Director Trustee or director | 1 | $0 |
| Dennis Mensah Sarbah | Director Trustee or director | 1 | $0 |
| Aaron Geraldo De-lima | Director Trustee or director | 1 | $0 |
| Wilfred Yartey | President Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1918 REGIMENT WAY, FREDERICK, MD 21702-6812
- In care of
- % WILFRED YARTEY
- Mailing address (990-N for 2019)
- 1918 Regiment Way, Frederick MD 21702
- Principal officer (990 for 2025)
- Wilfred Yartey, 1918 Regiment Way, Frederick, MD 21702
- Principal officer (990-N for 2019)
- Wilfred Yartey, 1918 Regiment Way, Frederick MD 21702
- Signed the 990
- Wilfred Yartey, President
- Phone
- (240) 505-2439
- Website
- www.dace-foundation.org
Mission
Dace foundation provides financial, educational and social support to students from underserved areas in Ghana. Through our various programs, Dace has been able to enroll brilliant students to the best high schools and colleges in Ghana. Dace is continuously expanding its programs to reach students in remote parts of Ghana.
Program accomplishments
- Dace foundation supports over 60 students in middle schools, high schools and universities. The number of students Dace foundation supports continues to grow year by year and we are on track to having over 100 students in the universities by 2030. Without Dace generous support, these students will not be able to attend high schools and universities. Not only is Dace funding their education but also addressing the well-being of its students. These include their medical bills, accommodation and other unforeseen events that may distract their studies. Our volunteers work with our students, their families and school administrators to ensure the success of every Dace student.Expenses $46,681 · revenue $47,536
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990 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
- 38-4116440
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $12,751
- Income (IRS master file)
- $47,536
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $47,536 | $61,773 | $12,751 | IRS |
| 990 | December 2024 | $51,859 | $67,151 | $21,752 | XML |
| 990 | December 2023 | $44,405 | $63,583 | $33,086 | XML |
| 990 | December 2022 | $33,551 | $49,861 | $60,818 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | March 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: Wilfred Yartey | March 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 DACE FOUNDATION
- What is the EIN of DACE FOUNDATION?
- The employer identification number (EIN) of DACE FOUNDATION is 38-4116440.
- Is DACE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to DACE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DACE FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of DACE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DACE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DACE FOUNDATION?
- The 990 for the year ended December 31, 2025 names Wilfred Yartey.
- Who are the officers and directors of DACE FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does DACE FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $47,536, expenses of $61,773 and total assets of $12,751 at year end.
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