Nonprofit · EIN 93-1372175
DAFPAY NETWORK INC
Tax-exempt · BOONE, IA 50950
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,952,210 | $2,291,013 | $661,197 | $1,048,550 | $39,206 | $1,009,344 |
| December 31, 2024 | 990 | $1,203,370 | $855,749 | $347,621 | $354,147 | $6,000 | $348,147 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,941,073
- Program service revenue
- $0
- Investment income
- $11,137
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,178,671
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $400
- Program services (functional)
- $2,291,013
Balance sheet and other
- Total assets, start of year
- $354,147
- Total assets, end of year
- $1,048,550
- Total liabilities, end of year
- $39,206
- Net assets, end of year
- $1,009,344
- Net assets without donor restrictions
- $1,009,344
- Gross unrelated business income
- $11,137
- Gross receipts
- $2,952,210
- Employees
- 0
- Year formed
- 2023
- State of legal domicile
- IA
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 |
|---|---|---|---|
| SALOMON SERFATI | DIRECTOR Trustee or director, Officer | 20 | $0 |
| YITZHAK MOSHE BENGUALID GOLDSTEI | DIRECTOR Trustee or director, Officer | 0 | $0 |
| LAIVI FORTA | DIRECTOR Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SALOMON SERFATI | DIRECTOR Trustee or director, Officer | 20 | $0 |
| YITZHAK MOSHE BENGUALID GOLDSTEIN | DIRECTOR Trustee or director, Officer | 0 | $0 |
| LAIVI FORTA | DIRECTOR Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5049, BOONE, IA 50950-0049
- In care of
- % SALOMON SERFATI
- Mailing address (990-N for 2023)
- 850 7th Ave Suite 600, New York NY 10019
- Principal officer (990 for 2025)
- SALOMON SERFATI DIRECTOR, PO BOX 5049, Boone, IA 50950
- Principal officer (990-N for 2023)
- Salomon Serfati, 850 7th Ave Suite 600, New York NY 10019
- Signed the 990
- SALOMON SERFATI, Director
- Phone
- (202) 312-7465
- Website
- dafpaynetwork.org
- Return prepared by
- AT&F International INC
Mission
THE CHARITY OPERATES AS A SPONSOR TO DONOR ADVISED FUNDS.FOR EACH FUND, THE FUND WILL BE SEPARATELY IDENTIFIED BY REFERENCE TOTHE CONTRIBUTIONS OF SPECIFIED DONOR OR CLASSES OF DONORS, SUCH THAT ITIS DISTINGUISHABLE FROM THOSE FUNDS THAT MAY BE POOLED ANONYMOUSLY ORTHE GE
Program accomplishments
- THE CHARITY OPERATES AS A SPONSOR TO DONOR ADVISED FUNDS. FOR EACH FUND, THE FUND WILL BE SEPARATELY IDENTIFIED BY REFERENCE TO THE CONTRIBUTIONS OF SPECIFIED DONOR OR CLASSES OF DONORS, SUCH THAT IT IS DISTINGUISHABLE FROM THOSE FUNDS THAT MAY BE POOLED ANONYMOUSLY OR THE GENERAL FUND OF THE CHARITY. UPON CONTRIBUTION, THE DONOR CEDES ALL LEGAL TITLE TO THE CONTRIBUTED FUNDS TO THE CHARITY, WHICH MAINTAINS FULL DISCRETION AND CONTROL OVER THE FUNDS IN EACH DISTINGUISHABLE ACCOUNT.Expenses $2,291,013 · grants $2,178,671 · revenue $2,952,210
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 93-1372175
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $1,048,550
- Income (IRS master file)
- $2,952,210
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,952,210 | $2,291,013 | $1,048,550 | IRS |
| 990 | December 2024 | $1,203,370 | $855,749 | $354,147 | XML |
| 990-N for 2023 Officer: Salomon Serfati | December 31, 2023 | ≤ $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 93-1372175).
Questions about DAFPAY NETWORK INC
- What is the EIN of DAFPAY NETWORK INC?
- The employer identification number (EIN) of DAFPAY NETWORK INC is 93-1372175.
- Is DAFPAY NETWORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to DAFPAY NETWORK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DAFPAY NETWORK 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 DAFPAY NETWORK 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 DAFPAY NETWORK INC 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 DAFPAY NETWORK INC?
- The 990 for the year ended December 31, 2025 names SALOMON SERFATI DIRECTOR.
- Who are the officers and directors of DAFPAY NETWORK INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does DAFPAY NETWORK INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,952,210, expenses of $2,291,013 and total assets of $1,048,550 at year end.
Other nonprofits in BOONE
- MAURICE AND VELDA FITZGERALD CHARITY FOUNDATION EIN 27-3208691 · last filed 990-PF for 2025
- UNITED WAY OF BOONE COUNTY IOWA INC EIN 42-0725148 · last filed 990-EZ for 2025
- SLEEPING ANGELS FOUNDATION EIN 46-3867078 · last filed 990-EZ for 2024
- GEORGE PAUL AND GRACE E LOWREY CHARITABLE FOUNDATION EIN 75-3024274 · last filed 990-PF for 2025
- BOONE CITY PARKS FOUNDATION EIN 39-1906694 · last filed 990-N for 2025
- MIDLAND POWER COOPERATIVE EIN 42-1378565 · last filed 990 for 2024
- EASTERN STAR MASONIC HOME EIN 42-0680363 · last filed 990 for 2025
- WESTHAVEN COMMUNITY A MINISTRY OF THE EVANGELICAL FREE CHURCH EIN 42-0707094 · last filed 990 for 2025
All nonprofits in BOONE · Iowa · Philanthropy, voluntarism and grantmaking foundations