Nonprofit · EIN 72-1417423
DEMCO FOUNDATION INC
Tax-exempt · BATON ROUGE, LA 70895
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $352,780 | $396,679 | -$43,899 | $319,665 | $149,203 | $170,462 |
| December 31, 2023 | 990 | $303,949 | $379,956 | -$76,007 | $214,361 | $0 | $214,361 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $348,402
- Program service revenue
- $0
- Investment income
- $4,378
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $245,563
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,350
- Travel
- $7,104
- Program services (functional)
- $368,614
- Management and general (functional)
- $28,065
Balance sheet and other
- Total assets, start of year
- $214,361
- Total assets, end of year
- $319,665
- Total liabilities, end of year
- $149,203
- Net assets, end of year
- $170,462
- Net assets without donor restrictions
- $170,462
- Gross receipts
- $352,780
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1997
- State of legal domicile
- LA
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 |
|---|---|---|---|---|
| LESLIE FALKS | SECRETARY/TREASURER Trustee or director, Officer | 3 | $0 | $40,995 |
| DENNIS LOTT | PRESIDENT Trustee or director, Officer | 2 | $0 | $18,056 |
| NICOLETTE GORDON | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| LORENZA LIVELY | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CATHERINE BORDELON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BLAINE GRIMES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANGELA ELSEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BARBARA STEVENSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DR GINA EUBANKS | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| LESLIE FALKS | SECRETARY/TREASURER Trustee or director, Officer | 3 | $0 | $39,978 |
| DENNIS LOTT | PRESIDENT Trustee or director, Officer | 2 | $0 | $17,988 |
| NICOLETTE GORDON | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| LORENZA LIVELY | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CATHERINE BORDELON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BLAINE GRIMES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANGELA ELSEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BARBARA STEVENSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DR GINA EUBANKS | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 15659, BATON ROUGE, LA 70895-5659
- Principal officer (990 for 2024)
- DENNIS LOTT, PO BOX 15659, BATON ROUGE, LA 70895
- Signed the 990
- PEGGY MARANAN, CFO
- Phone
- (225) 262-2141
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
TO BENEFIT NEEDY INDIVIDUALS IN THE SEVEN PARISHES SERVED BY DIXIE ELECTRIC MEMBERSHIP CORPORATION (DEMCO). THESE PARISHES INCLUDE ASCENSION, EAST BATON ROUGE, EAST FELICIANA, LIVINGSTON, ST HELENA, TANGIPAHOA AND WEST FELICIANA.
Program accomplishments
- THE ORGANIZATION WAS ABLE TO ASSIST INDIVIDUALS/FAMILIES WITH THINGS SUCH AS CLOTHING, SHELTER, SCHOLARSHIPS AND OTHER MISCELLANEOUS NEEDS. THROUGH THE PROGRAM, OPERATION ROUNDUP, CUSTOMERS OF DIXIE ELECTRIC MEMBERSHIP CORPORATION MAY ELECT TO HAVE THEIR ELECTRICITY BILL ROUNDED UP TO THE NEAREST DOLLAR AMOUNT WITH THE DIFFERENCE REMITTED TO THE FOUNDATION TO PROVIDE THE FUNDING FOR THOSE ELIGIBLE FOR AID. IN 2024, THE FOUNDATION HAD 139 RECIPIENTS WHO REQUESTED AND RECEIVED ASSISTANCE TOTALING $245,563, INCLUDING $81,875 IN SCHOLARSHIPS TO 67 DIFFERENT STUDENTS.Expenses $368,614 · grants $245,563
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
- 72-1417423
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $319,665
- Income (IRS master file)
- $352,780
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $352,780 | $396,679 | $319,665 | XML |
| 990 | December 2023 | $303,949 | $379,956 | $214,361 | XML |
| 990 | December 2022 | $371,919 | $318,047 | $290,368 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 72-1417423).
Questions about DEMCO FOUNDATION INC
- What is the EIN of DEMCO FOUNDATION INC?
- The employer identification number (EIN) of DEMCO FOUNDATION INC is 72-1417423.
- Is DEMCO FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to DEMCO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEMCO 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 DEMCO 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 DEMCO 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 DEMCO FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names DENNIS LOTT.
- Who are the officers and directors of DEMCO FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does DEMCO FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $352,780, expenses of $396,679 and total assets of $319,665 at year end.
Other nonprofits in BATON ROUGE
- BATON ROUGE AREA FOUNDATION EIN 72-6030391 · last filed 990 for 2024
- UNITED METHODIST FOUNDATION OF LA EIN 72-0779104 · last filed 990 for 2025
- CAPITAL AREA UNITED WAY EIN 72-0447100 · last filed 990 for 2025
- L S U PROPERTY FOUNDATION EIN 72-1295979 · last filed 990 for 2025
- THE EDWARD L RISPONE FAMILY FOUNDATION EIN 72-1474941 · last filed 990-PF for 2024
- BATON ROUGE COMMUNITY COLLEGE FOUNDATION INC EIN 72-1415610 · last filed 990 for 2025
- LOUISIANA ASSOCIATION OF UNITED WAYS INC EIN 20-4586416 · last filed 990 for 2025
- SHARON AND CLAUDE B@PENNINGTON FAMILY FOUNDATION EIN 81-5336145 · last filed 990-PF for 2024
All nonprofits in BATON ROUGE · Louisiana · Philanthropy, voluntarism and grantmaking foundations