Civic Intelligence

Dace Foundation

990EZ • Fiscal year 2021 • EIN 38-4116440

Apr 01, 2020 to Mar 31, 2021 • Filed on Nov 15, 2021

Organization Profilewww.dace-foundation.org
1918 Regiment WayFrederick, MD 21702

(240) 505-2439

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.27x

Higher debt load relative to assets than 85% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

0.31x

Higher debt load relative to revenue than 87% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

92nd percentile

66%

Higher net margin than 92% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets85th percentile

Assets

$92,775

No earlier filing loaded for comparison.

Net Assets

$67,872

No earlier filing loaded for comparison.

Liabilities

$24,903

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin92nd percentile

Revenue

$81,613

No earlier filing loaded for comparison.

Expenses

$27,645

No earlier filing loaded for comparison.

Net Income

$53,968

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0Assets 2021: $92,775Liabilities 2021: $24,903Net Assets 2021: $67,8722021Assets 2022: $60,818Liabilities 2022: $16,165Net Assets 2022: $44,6532022Assets 2023: $33,086Liabilities 2023: $6,845Net Assets 2023: $26,2412023Assets 2024: $21,752Liabilities 2024: $10,803Net Assets 2024: $10,9492024

Highlighted filing

2021

Assets$92,775
Liabilities$24,903
Net Assets$67,872
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2021: $81,613Expenses 2021: $27,645Net Income 2021: $53,9682021Revenue 2022: $33,551Expenses 2022: $49,861Net Income 2022: -$16,3102022Revenue 2023: $44,405Expenses 2023: $63,583Net Income 2023: -$19,1782023Revenue 2024: $51,859Expenses 2024: $67,151Net Income 2024: -$15,2922024

Highlighted filing

2021

Revenue$81,613
Expenses$27,645
Net Income$53,968
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$81,613
Mission and Program Overview

Mission

Dace provides financial, educational and social support to students from underserved areas in Ghana.

Program Services

DescriptionGrantsExpenses
Dace foundation runs several programs in supporting over forty students at different levels of their education. Five of these students are in top universities in Ghana. The number of students Dace supports continuous to grow year by year and we are on track of having hundred students in the universities by 2030. Without Dace generous support, these students will not be able to attend college. Not only is Dace providing funding for their education but also addressing the well-being of its students. These include taking students to hospitals and paying for their medical bills, routine physical and eye check-ups, supporting those with housing or family issues, and other unforeseen events that they may face. Our volunteers work with these students, their families and their school administrations to ensure the success of every student.$0$27,000
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wilfred YarteyPresident And CEOPT$0--
Daniel PayneDirector - Junior High School & Senior High School-$0--
Frank Justice AttaDirector - University & Tertiary Institutions-$0--
Dennis Mensah SarbahFinancial Controller-$0--
Ransford Mensah SarbahDirector - Operations & Student Affairs-$0--
Filing and Contact Details

Filer

Filer Name
Dace Foundation
EIN
38-4116440
Phone
2405052439
Address
1918 Regiment Way, Frederick, MD 21702

Signing Officer

Name
Wilfred Yartey
Title
President
Phone
2405052439
Signed
2021-11-15
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^School supplies for students;2916|Stipends for students;2051|Transportation of Students;663|Textbooks for students;1028|School levies and other fees;497|Bank fees and other charges;1017|Other expenses;11663^Total;19835^”

Form 990-EZ, Part II, Line 24

“Description;EOY Amount^Vehicles;63114|Computers Software and furniture;6709|Other assets;1879^Total;71702^”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^Other liabilities;24903^Total;24903^”

Raw XML Appendix184 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01918 Regiment Way
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Frederick
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Wilfred Yartey
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Daniel Payne
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Frank Justice Atta
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Dennis Mensah Sarbah
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Ransford Mensah Sarbah
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President and CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director - Junior High School & Senior High School
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director - University & Tertiary Institutions
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Financial Controller
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director - Operations & Student Affairs
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt011369
IRS990EZ/OtherAssetsTotalDetail/EOYAmt071702
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt019835
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Dace provides financial, educational and social support to students from underserved areas in Ghana.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Dace foundation runs several programs in supporting over forty students at different levels of their education. Five of these students are in top universities in Ghana. The number of students Dace supports continuous to grow year by year and we are on track of having hundred students in the universities by 2030. Without Dace generous support, these students will not be able to attend college. Not only is Dace providing funding for their education but also addressing the well-being of its students. These include taking students to hospitals and paying for their medical bills, routine physical and eye check-ups, supporting those with housing or family issues, and other unforeseen events that they may face. Our volunteers work with these students, their families and their school administrations to ensure the success of every student.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt027000
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt05629
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MD
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt054
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt024903
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt027645
IRS990EZ/TotalProgramServiceExpensesAmt027000
IRS990EZ/TotalRevenueAmt081613
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.dace-foundation.org
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt040968
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt040968
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt040968
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt040968
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt011481
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Start up funds for Dace first year of operations
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt013374
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Aaron Geraldo De-lima
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Board member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt011481
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^School supplies for students;2916|Stipends for students;2051|Transportation of Students;663|Textbooks for students;1028|School levies and other fees;497|Bank fees and other charges;1017|Other expenses;11663^Total;19835^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;EOY Amount^Vehicles;63114|Computers Software and furniture;6709|Other assets;1879^Total;71702^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;EOY Amount^Other liabilities;24903^Total;24903^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Wilfred Yartey
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02405052439
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Dace Foundation
ReturnHeader/Filer/BusinessNameControlTxt0DACE
ReturnHeader/Filer/EIN0384116440
ReturnHeader/Filer/PhoneNum02405052439
ReturnHeader/Filer/USAddress/AddressLine1Txt01918 Regiment Way
ReturnHeader/Filer/USAddress/CityNm0Frederick
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021702
ReturnHeader/ReturnTs02022-03-07T06:45:09-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-04-01
ReturnHeader/TaxPeriodEndDt02021-03-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$92,775
Liabilities
$24,903
Net assets
$67,872
Revenue
$81,613
Expenses
$27,645
Net income
$53,968
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.8$10.8$10.9$51.9$67.2$15.3
2023Detailed filing. Detailed filing data is available for this year.$33.1$6.85$26.2$44.4$63.6$19.2
2022Detailed filing. Detailed filing data is available for this year.$60.8$16.2$44.7$33.6$49.9$16.3
2021Detailed filing. Detailed filing data is available for this year.$92.8$24.9$67.9$81.6$27.6$54.0
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • <$500k nonprofits