Nonprofit · EIN 82-2888305
DBC FOUNDATION
Tax-exempt · DALLAS, TX 75214
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $139,207 | $133,770 | $5,437 | $7,535 | $0 | $7,535 |
| December 31, 2023 | 990-EZ | $126,241 | $49,278 | $76,963 | $82,098 | $80,000 | $2,098 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Membership dues
- $43,400
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $84,925
- Other revenue
- $10,882
Expenses
- Grants and similar amounts paid
- $103,940
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Other expenses
- $29,830
- Program services (functional)
- $15,975
Balance sheet and other
- Total assets, start of year
- $82,098
- Total assets, end of year
- $7,535
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,535
- Cash, savings and investments
- $7,535
- Gross receipts
- $157,717
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brian Lowe | Vice President | 5 | $0 |
| Peter Schmidt | Executive Vice President | 5 | $0 |
| Sam Wildman | Vice President - Technology | 5 | $0 |
| Daniel Palos | Vice President - Treasurer | 5 | $0 |
| Dustin Sheppard | Vice President | 5 | $0 |
| Robert Woodson | Vice President | 5 | $0 |
| Randall Hoover | Vice President | 5 | $0 |
| Ross Parker | Vice President | 5 | $0 |
990-EZ for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brian Lowe | President | 5 | $0 |
| Peter Schmidt | Executive Vice President | 5 | $0 |
| Sam Wildman | Vice President - Technology | 5 | $0 |
| Daniel Palos | Vice President - Treasurer | 5 | $0 |
| Dustin Sheppard | Vice President | 5 | $0 |
| Robert Woodson | Vice President | 5 | $0 |
| Randall Hoover | Vice President | 5 | $0 |
| Ross Parker | Vice President | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 7335 HAVERFORD RD, DALLAS, TX 75214-1730
- Mailing address (990-N for 2019)
- 6723 Trammel Drive, Dallas TX 75214
- Principal officer (990-N for 2019)
- Brian Lowe, 6723 Trammel Drive, Dallas TX 75214
- Signed the 990-EZ
- Gerardo Palos, Treasurer
- Phone
- (469) 688-6792
Mission
Raising funds for local nonprofits through bourbon, networking and charity.
Program accomplishments
- Our holiday raffle raised $67,500 for The Warren Center, a 501c(3) that provides professional evaluations and therapy services to children with developmental delays and disabilities, plus support for their familiesExpenses $5,975 · grants $67,500
- Our holiday fundraiser raised $20,000 for Youth With Faces, a 501(c)(3) organization that gives justice-impacted youth the skills needed to break the cycle of incarceration and create positive futures.Expenses $10,000 · grants $20,000
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-2888305
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $7,535
- Income (IRS master file)
- $157,717
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $139,207 | $133,770 | $7,535 | XML |
| 990-EZ | December 2023 | $126,241 | $49,278 | $82,098 | XML |
| 990 | December 2022 | $191,254 | $187,680 | $72,135 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: Brian Lowe | December 31, 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 82-2888305).
Questions about DBC FOUNDATION
- What is the EIN of DBC FOUNDATION?
- The employer identification number (EIN) of DBC FOUNDATION is 82-2888305.
- Is DBC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to DBC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DBC 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 DBC FOUNDATION 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 DBC FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of DBC FOUNDATION?
- The 990-N for 2019 names Brian Lowe.
- Who are the officers and directors of DBC FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does DBC FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $139,207, expenses of $133,770 and total assets of $7,535 at year end.
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