Civic Intelligence

Dace Foundation

990EZ • Fiscal year 2021 • EIN 38-4116440

Apr 01, 2021 to Dec 31, 2021 • Filed on Feb 25, 2023

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

(240) 505-2439

Siviq Scores

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Balance Sheet

Assets

$74,385

No earlier filing loaded for comparison.

Net Assets

$60,963

No earlier filing loaded for comparison.

Liabilities

$13,422

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

$29,846

No earlier filing loaded for comparison.

Expenses

$36,755

No earlier filing loaded for comparison.

Net Income

-$6,909

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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 2021: $74,385Liabilities 2021: $13,422Net Assets 2021: $60,9632021Assets 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$74,385
Liabilities$13,422
Net Assets$60,963
Open 2021 Filing

Operations Trend

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 2021: $29,846Expenses 2021: $36,755Net Income 2021: -$6,9092021Revenue 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$29,846
Expenses$36,755
Net Income-$6,909
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2021 to Dec 31, 2021
Signed
Feb 25, 2023
Return Version
2021v4.0
Gross Receipts
$29,846
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 60 students at different levels of their education. 5 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$31,839
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wilfred YarteyPresident And CEOPT$0--
Daniel PayneDirector - Junior High School & Senior High SchoolPT$0--
Frank Justice AttaDirector - University & Tertiary InstitutionsPT$0--
Dennis Mensah SarbahDirector - Finance-$0--
Ransford Mensah SarbahDirector - Operations & Student AffairsPT$0--
Aaron Geraldo De-limaDirector - Operations & Logistics-$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
2023-02-25
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Textbooks and school supplies;1236|Transportation of students;1121|Meals for students;1620|Students stipend;2977|Levies and other fees;565|College tuition;1971|Information technologies;423|Travel and lodging;1026|Depreciation;13207|Website development and maintenance;421|Bank fees and other charges;960|Office expenses;664|Miscellaneous;3359^Total;29550^”

Form 990-EZ, Part II, Line 24

“Description;EOY Amount^Prepaid expenses and other assets;3240|Computers software and furniture net;10574|Vehicles;51845^Total;65659^”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^Other liabilities;13422^Total;13422^”

Raw XML Appendix181 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.

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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/PersonNm5Aaron Geraldo De-lima
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President and CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director - Junior High School & Senior High School
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director - University & Tertiary Institutions
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director - Finance
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director - Operations & Student Affairs
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director - Operations & Logistics
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Dace foundation runs several programs in supporting over 60 students at different levels of their education. 5 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Textbooks and school supplies;1236|Transportation of students;1121|Meals for students;1620|Students stipend;2977|Levies and other fees;565|College tuition;1971|Information technologies;423|Travel and lodging;1026|Depreciation;13207|Website development and maintenance;421|Bank fees and other charges;960|Office expenses;664|Miscellaneous;3359^Total;29550^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;EOY Amount^Prepaid expenses and other assets;3240|Computers software and furniture net;10574|Vehicles;51845^Total;65659^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;EOY Amount^Other liabilities;13422^Total;13422^
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0Dace foundation relies solely on volunteers for its bookkeeping, and hence at the mercy of their availability. Our finance director (volunteer) got a new employment which took most of his volunteering time, hence this lateness. We have put in place other arrangements should he be unavailable in the future.
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ReturnHeader/Filer/PhoneNum02405052439
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ReturnHeader/ReturnTs02023-03-25T01:01:23-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-04-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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
$74,385
Liabilities
$13,422
Net assets
$60,963
Revenue
$29,846
Expenses
$36,755
Net income
-$6,909
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
2021Detailed filing. Detailed filing data is available for this year.$74.4$13.4$61.0$29.8$36.8$6.91