Nonprofit · EIN 88-1755399
DESTINY VENTURES INC
Tax-exempt · RALEIGH, NC 27609
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $128,834 | $127,217 | $1,617 | $11,400 | $429 | $10,971 |
| December 31, 2024 | 990-PF | $132,737 | $135,257 | -$2,520 | $9,466 | $112 | $9,354 |
| December 31, 2023 | 990-PF | $145,950 | $121,444 | $24,506 | $12,552 | $678 | $11,874 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $34,000
- Net rental income
- $7,500
- Other income
- $87,334
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $23,836
Balance sheet and other
- Total assets, start of year
- $9,466
- Total assets, end of year
- $11,400
- Total liabilities, end of year
- $429
- Net assets, end of year
- $10,971
- Fair market value of assets
- $11,400
- Qualifying distributions
- $23,836
- Net investment income
- $7,500
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE KOCH 1601 MIDTOWN PLACE, RALEIGH, NC 27609 | BOARD CHAIR | 1 | $0 |
| COBURN MURRAY 1601 MIDTOWN PLACE, RALEIGH, NC 27609 | BOARD MEMBER | 1 | $0 |
| NINA ROBERSON 1601 MIDTOWN PLACE, RALEIGH, NC 27609 | SECRETARY | 1 | $0 |
| CHRIS HODGES 1601 MIDTOWN PLACE, RALEIGH, NC 27609 | TREASURER | 1 | $0 |
| STEWART MCLEAN 1601 MIDTOWN PLACE, RALEIGH, NC 27609 | BOARD MEMBER | 1 | $0 |
| RYAN JACKSON 1601 MIDTOWN PLACE, RALEIGH, NC 27609 | BOARD MEMBER | 1 | $0 |
| SAM CRUTCHFIELD 1601 MIDTOWN PLACE, RALEIGH, NC 27609 | BOARD MEMBER | 1 | $0 |
| JOSH OLIVER 1601 MIDTOWN PLACE, RALEIGH, NC 27609 | BOARD MEMBER | 1 | $0 |
| TODD SMITH 1601 MIDTOWN PLACE, RALEIGH, NC 27609 | BOARD MEMBER | 1 | $0 |
| CHARLES HALL 1601 MIDTOWN PLACE, RALEIGH, NC 27609 | BOARD MEMBER | 1 | $0 |
990-PF for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE KOCH 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD CHAIR | 1 | $0 |
| COBURN MURRAY 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD MEMBER | 1 | $0 |
| JOSIAH CORRIGAN 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD MEMBER | 1 | $0 |
| CHRIS HODGES 618 CUMBERLAND STREET, RALEIGH, NC 27610 | TREASURER | 1 | $0 |
| NINA ROBERSON 618 CUMBERLAND STREET, RALEIGH, NC 27610 | SECRETARY | 1 | $0 |
| RYAN JACKSON 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD MEMBER | 1 | $0 |
| MILES HONEYCUTT 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD MEMBER | 1 | $0 |
| DAN ALEXANDER 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD VICE CHAIR | 1 | $0 |
| BEN SPICKARD 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD MEMBER | 1 | $0 |
| JOSH OLIVER 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD MEMBER | 1 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE KOCH 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD CHAIR | 1 | $0 |
| COBURN MURRAY 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD MEMBER | 1 | $0 |
| JOSIAH CORRIGAN 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD MEMBER | 1 | $0 |
| CHRIS HODGES 618 CUMBERLAND STREET, RALEIGH, NC 27610 | TREASURER | 1 | $0 |
| NINA ROBERSON 618 CUMBERLAND STREET, RALEIGH, NC 27610 | SECRETARY | 1 | $0 |
| RYAN JACKSON 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD MEMBER | 1 | $0 |
| MILES HONEYCUTT 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD MEMBER | 1 | $0 |
| DAN ALEXANDER 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD VICE CHAIR | 1 | $0 |
| BEN SPICKARD 618 CUMBERLAND STREET, RALEIGH, NC 27610 | BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1601 MIDTOWN PL, RALEIGH, NC 27609-7553
- Signed the 990-PF
- DAVID KOCH, PRESIDENT
- Phone
- (919) 210-0079
- Website
- DESTINYVENTURES.ORG
- Return prepared by
- SORREN INC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 88-1755399
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Public and societal benefit (W70)
- Assets (IRS master file)
- $11,400
- Income (IRS master file)
- $128,834
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $128,834 | $127,217 | $11,400 | XML |
| 990-PF | December 2024 | $132,737 | $135,257 | $9,466 | XML |
| 990-PF | December 2023 | $145,950 | $121,444 | $12,552 | XML |
| 990-PF | December 2022 | – | – | – | 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 88-1755399).
Questions about DESTINY VENTURES INC
- What is the EIN of DESTINY VENTURES INC?
- The employer identification number (EIN) of DESTINY VENTURES INC is 88-1755399.
- Is DESTINY VENTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to DESTINY VENTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DESTINY VENTURES INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DESTINY VENTURES INC 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 DESTINY VENTURES INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of DESTINY VENTURES INC?
- The 990-PF for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does DESTINY VENTURES INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $128,834, expenses of $127,217 and total assets of $11,400 at year end.
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All nonprofits in RALEIGH · North Carolina · Public and societal benefit