Nonprofit · EIN 82-0922093
DME SPORTS FOUNDATION INC
Tax-exempt · DAYTONA BEACH, FL 32114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $50,000 | $104,354 | -$54,354 | $79,876 | – | $79,876 |
| June 30, 2024 | 990-EZ | $46,001 | $31,645 | $14,356 | $135,230 | $1,000 | $134,230 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $49,000
- Other revenue
- $1,000
Expenses
- Grants and similar amounts paid
- $57,500
- Compensation of officers, directors and key employees
- $36,000
- Salaries, compensation and benefits (total)
- $36,000
- Professional fees and payments to contractors
- $650
- Other expenses
- $10,204
- Program services (functional)
- $56,854
Balance sheet and other
- Total assets, start of year
- $135,230
- Total assets, end of year
- $79,876
- Total liabilities, end of year
- –
- Net assets, end of year
- $79,876
- Cash, savings and investments
- $79,876
- Gross receipts
- $50,000
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-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MITCHENER | Executive Dir. | 30 | $30,000 |
| FELICIA R COOK | Executive Dir. | 30 | $6,000 |
| MICHAEL J PANAGGIO | Chairman | 0 | $0 |
| DANIEL M PANAGGIO | Treasurer | 0 | $0 |
990-EZ for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL J PANAGGIO | Chairman | 0 | $0 |
| DANIEL M PANAGGIO | Treasurer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2441 BELLEVUE AVE, DAYTONA BEACH, FL 32114-5615
- In care of
- % MICHAEL PANAGGIO
- Mailing address (990-N for 2020)
- 2441 Bellevue Avenue, Daytona Beach FL 32114
- Principal officer (990-N for 2020)
- Michael Panaggio, 2441 Bellevue Ave, Daytona Beach FL 32114
- Signed the 990-EZ
- MICHAEL J PANAGGIO, Chairman
- Phone
- (386) 271-3900
- Return prepared by
- LAUTERIA & KING PLC
Mission
TO PROVIDE SCHOLARSHIPS FOR ACADEMIC AND ATHLETIC ASSISTANCE TO QUALIFIED INDIVIDUALS WITH A DEMONSTRATED NEED.
Program accomplishments
- PROVIDE SCHOLARSHIPS FOR ACADEMIC AND ATHLETIC ASSISTANCE TO QUALIFIED INDIVIDUALS WITH A DEMONSTRATED NEED.Expenses $56,854 · grants $47,500
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-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-0922093
- 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
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $79,876
- Income (IRS master file)
- $50,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $50,000 | $104,354 | $79,876 | XML |
| 990-EZ | June 2024 | $46,001 | $31,645 | $135,230 | XML |
| 990-EZ | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: Michael Panaggio | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Michael Panaggio | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: Laura Cutchens | June 30, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-0922093).
Questions about DME SPORTS FOUNDATION INC
- What is the EIN of DME SPORTS FOUNDATION INC?
- The employer identification number (EIN) of DME SPORTS FOUNDATION INC is 82-0922093.
- Is DME SPORTS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to DME SPORTS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DME SPORTS 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 DME SPORTS FOUNDATION INC 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 DME SPORTS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who is the principal officer of DME SPORTS FOUNDATION INC?
- The 990-N for 2020 names Michael Panaggio.
- Who are the officers and directors of DME SPORTS FOUNDATION INC?
- The 990-EZ for the year ended June 30, 2025 lists 4 people; 2 received compensation from the organization, the highest $30,000 (MICHAEL MITCHENER, Executive Dir.).
- How much revenue does DME SPORTS FOUNDATION INC have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $50,000, expenses of $104,354 and total assets of $79,876 at year end.
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