Civic Intelligence

Dyc Foundation Incorporated

990 • Fiscal year 2016 • EIN 47-1837787

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 09, 2017

Organization ProfileWWW.DYCFOUNDATION.ORG
14424 Fairdale RoadSilver Spring, MD 20905-6519

(301) 535-4648

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

94th percentile

77%

Faster asset growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

18th percentile

-16%

Faster revenue growth than 18% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets14th percentile

Assets

Flat

$1,074,242

Flat from 2016

Net Assets

Flat

$1,074,242

Flat from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin98th percentile

Revenue

Flat

$507,372

Flat from 2016

Expenses

Flat

$39,822

Flat from 2016

Net Income

Flat

$467,550

Flat from 2016

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $606,692Liabilities 2015: $0Net Assets 2015: $606,6922015Assets 2016: $1,074,242Liabilities 2016: $0Net Assets 2016: $1,074,2422016Assets 2016: $1,074,242Liabilities 2016: $0Net Assets 2016: $1,074,2422016Assets 2017: $1,570,824Liabilities 2017: $0Net Assets 2017: $1,570,8242017Assets 2018: $1,776,212Liabilities 2018: $0Net Assets 2018: $1,776,2122018Assets 2019: $1,797,539Liabilities 2019: $0Net Assets 2019: $1,797,5392019Assets 2020: $1,748,079Liabilities 2020: $0Net Assets 2020: $1,748,0792020Assets 2021: $1,663,260Liabilities 2021: $12021Assets 2022: $1,603,774Liabilities 2022: $0Net Assets 2022: $1,603,7742022Assets 2023: $1,564,078Liabilities 2023: $12023

Highlighted filing

2016

Assets$1,074,242
Liabilities$0
Net Assets$1,074,242
Open 2016 Filing

Operations Trend

Revenue Growth18th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $606,732Expenses 2015: $40Net Income 2015: $606,6922015Revenue 2016: $507,372Expenses 2016: $39,822Net Income 2016: $467,5502016Revenue 2016: $507,372Expenses 2016: $39,822Net Income 2016: $467,5502016Revenue 2017: $508,050Expenses 2017: $11,468Net Income 2017: $496,5822017Revenue 2018: $222,951Expenses 2018: $17,564Net Income 2018: $205,3872018Revenue 2019: $34,479Expenses 2019: $13,152Net Income 2019: $21,3272019Revenue 2020: $31,093Expenses 2020: $80,553Net Income 2020: -$49,4602020Revenue 2021: $4,749Expenses 2021: $89,568Net Income 2021: -$84,8192021Revenue 2022: $11,762Expenses 2022: $71,248Net Income 2022: -$59,4862022Revenue 2023: $52,595Expenses 2023: $92,291Net Income 2023: -$39,6962023

Highlighted filing

2016

Revenue$507,372
Expenses$39,822
Net Income$467,550
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$507,372
Mission and Program Overview

Mission

To foster hope for disadvantaged youth who have faced significant hardship as well as underserved communities in order to empower the next generation of community and global leaders. Also, to provide financial assistance and academic scholarships to high performing (or high potential) students who demonstrate financial need and/or have overcome great adversity.

To provide financial assistance and academic scholarships to high performing, or high potential students who demonstrate financial need and/or have overcome great adversity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$604,032$1,051,061▲ $447,029
Cash and Non-Interest-Bearing Accounts$2,660$23,181▲ $20,521
Total Assets$606,692$1,074,242▲ $467,550
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$606,692$1,074,242▲ $467,550
Total Net Assets Fund Balance$606,692$1,074,242▲ $467,550
Total Liabilities and Net Assets / Fund Balance$606,692$1,074,242▲ $467,550
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Duke C ChungDirector
Song Hee LeeDirector
Young S ChungDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$501,000
Program Service Revenue
$0
Investment Income
$6,372
Other Revenue
$0
All Other Contributions
$501,000
Change in Net Assets
$467,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$35,300
Other Expenses$4,522
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$17,000--$17,000
Grants to Domestic Individuals$13,500--$13,500
Foreign Grants$4,800--$4,800
Fees for Services Accounting-$2,880-$2,880
Fees for Services Other-$1,550-$1,550
Other Expenses-$92-$92
Total Functional Expenses$35,300$4,522$0$39,822
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Come Quickly MinistriesSpringfield, VA-College Assistance for Orphans, Children Currently in Fostercare, Children Without Parental Financial Support And/or Other Extenuating Circumstances. Academic and Living Costs Will Be Covered of the Selected Students Until Graduation From an Accredited College or University.$12,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Two of the organization's directors are married.”

Form 990, Part VI, Section B, Line 11B

“Copy of the form 990 was provided, before filing with the irs, to the board of directors for their review.”

Form 990, Part VI, Section B, Line 15

“No salary paid by the organization.”

Form 990, Part VI, Section C, Line 19

“Documents availale to public upon request.”

Filing and Contact Details

Filer

Filer Name
Dyc Foundation Inc
EIN
47-1837787
Phone
3015354648
Address
14424 FAIRDALE ROAD, SILVER SPRING, MD 20905-6519

Signing Officer

Name
Duke C Chung
Title
President
Phone
3015354648
Signed
2017-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Duke C Chung
Formed
2014
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Lanigan Ryan Malcolm & Doyle Pc
Address
555 QUINCE ORCHARD ROAD SUITE 600, GAITHERSBURG, MD 20878
Preparer
Jason Mills CPA
Phone
3012588900
Raw XML Appendix316 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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IRS990/MissionDesc0TO FOSTER HOPE FOR DISADVANTAGED YOUTH WHO HAVE FACED SIGNIFICANT HARDSHIP AS WELL AS UNDERSERVED COMMUNITIES IN ORDER TO EMPOWER THE NEXT GENERATION OF COMMUNITY AND GLOBAL LEADERS. ALSO, TO PROVIDE FINANCIAL ASSISTANCE AND ACADEMIC SCHOLARSHIPS TO HIGH PERFORMING (OR HIGH POTENTIAL) STUDENTS WHO DEMONSTRATE FINANCIAL NEED AND/OR HAVE OVERCOME GREAT ADVERSITY.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1COLLEGE ASSISTANCE FOR ORPHANS, CHILDREN CURRENTLY IN FOSTERCARE, CHILDREN WITHOUT PARENTAL FINANCIAL SUPPORT AND/OR OTHER EXTENUATING CIRCUMSTANCES. ACADEMIC AND LIVING COSTS WILL BE COVERED OF THE SELECTED STUDENTS UNTIL GRADUATION FROM AN ACCREDITED COLLEGE OR UNIVERSITY.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FOR ITS INDIVIDUAL SCHOLARSHIPS, DYC COLLECTS APPLICATION FORMS FROM SCHOLARSHIP CANDIDATES (THIS MAY INCLUDE SCHOOL TRANSCRIPTS, GPAS, PERSONAL STATEMENTS/ESSAYS, RECOMMENDATIONS, INTERVIEWS, ETC.). WE RETAIN COPIES OF THIS DOCUMENTATION. IN TERMS OF MONITORING, FOR AN INDIVIDUAL SCHOLARSHIP, ONCE A SCHOLARSHIP AWARDEE IS DESIGNATED, WE REQUEST EACH SCHOLARSHIP AWARDEE TO FILL OUT A SCHOLARSHIP ACCEPTANCE FORM, WHICH ACKNOWLEDGES THAT THE DYC SCHOLARSHIP AWARD IS CONTINGENT UPON REGISTRATION AND ENROLLMENT AT AN ACCREDITED COLLEGE, UNIVERSITY, AND/OR PROFESSIONAL SCHOOL. SCHOLARSHIP CHECKS ARE MADE PAYABLE DIRECTLY TO THE SCHOOL/ORGANIZATION'S FINANCIAL OR BURSAR OFFICE (NOT DIRECTLY TO THE INDIVIDUAL). IN ADDITION, IF AN INDIVIDUAL SCHOLARSHIP AWARD HAS BEEN DESIGNATED FOR AN ACADEMIC YEAR, WE TYPICALLY REQUEST THE SCHOOL/ORGANIZATION TO SPLIT THE SCHOLARSHIP TO BE APPLIED 50/50 BETWEEN THE TWO ACADEMIC SEMESTERS. PROCESS/DOCUMENTATION MAY DIFFER SLIGHTLY FOR INTERNATIONAL SCHOLARSHIPS AND/OR DONATIONS TO NON-PROFIT ORGANIZATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE ORGANIZATION'S DIRECTORS ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF THE FORM 990 WAS PROVIDED, BEFORE FILING WITH THE IRS, TO THE BOARD OF DIRECTORS FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO SALARY PAID BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AVAILALE TO PUBLIC UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,074,242
Liabilities
$0
Net assets
$1,074,242
Revenue
$507,372
Expenses
$39,822
Net income
$467,550
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.56$0.00$0.05$0.09$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.60$0.00$1.60$0.01$0.07$0.06
2021Summary only. Only limited summary data is available for this year.$1.66$0.00$0.00$0.09$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.75$0.00$1.75$0.03$0.08$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.00$1.80$0.03$0.01$0.02
2018Summary only. Only limited summary data is available for this year.$1.78$0.00$1.78$0.22$0.02$0.21
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.00$1.57$0.51$0.01$0.50
2016Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.51$0.04$0.47
2016Summary only. Only limited summary data is available for this year.$1.07$0.00$1.07$0.51$0.04$0.47
2015Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$0.61$0.00$0.61