Civic Intelligence

Dyc Foundation Incorporated

990 • Fiscal year 2017 • EIN 47-1837787

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 08, 2018

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

90th percentile

46%

Faster asset growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

0.1%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,570,824

Up $496,582 (+46%) from 2016

Net Assets

Up

$1,570,824

Up $496,582 (+46%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin99th percentile

Revenue

Up

$508,050

Up $678 (+0.1%) from 2016

Expenses

Down

$11,468

Down $28,354 (-71%) from 2016

Net Income

Up

$496,582

Up $29,032 (+6.2%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth90th 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 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

2017

Assets$1,570,824
Liabilities$0
Net Assets$1,570,824
Open 2017 Filing

Operations Trend

Revenue Growth38th 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 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

2017

Revenue$508,050
Expenses$11,468
Net Income$496,582
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 8, 2018
Return Version
2017v2.3
Gross Receipts
$508,050
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$1,051,061$1,558,988▲ $507,927
Cash and Non-Interest-Bearing Accounts$23,181$11,836▼ $11,345
Total Assets$1,074,242$1,570,824▲ $496,582
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,074,242$1,570,824▲ $496,582
Total Net Assets Fund Balance$1,074,242$1,570,824▲ $496,582
Total Liabilities and Net Assets / Fund Balance$1,074,242$1,570,824▲ $496,582
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
$500,014
Program Service Revenue
$0
Investment Income
$8,036
Other Revenue
$0
All Other Contributions
$500,014
Change in Net Assets
$496,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,263
Other Expenses$4,205
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$6,263--$6,263
Fees for Services Accounting-$3,227-$3,227
Grants to Domestic Individuals$1,000--$1,000
Fees for Services Other-$725-$725
Other Expenses-$108-$108
Total Functional Expenses$7,263$4,205$0$11,468
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Annual disclosure for covered persons
Yes
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
Yes
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 12C

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

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
2018-11-08
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 Appendix323 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/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.
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IRS990/ScheduleORequiredInd01
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/ExplanationTxt2EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO SALARY PAID BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS AVAILALE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt01570824
IRS990/TotalAssetsGrp/BOYAmt01074242
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0500014
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04205
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07263
IRS990/TotalFunctionalExpensesGrp/TotalAmt011468
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IRS990/TotalLiabilitiesBOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt08036
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01570824
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01074242
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IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0HTTP://WWW.DYCFOUNDATION.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DUKE C CHUNG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03015354648
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DYC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0DYCF
ReturnHeader/Filer/EIN0471837787
ReturnHeader/Filer/PhoneNum03015354648
ReturnHeader/Filer/USAddress/AddressLine1Txt014424 FAIRDALE ROAD
ReturnHeader/Filer/USAddress/CityNm0SILVER SPRING
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A8378CFF6443B34A23BAAD3475262D36002272EA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.166.164.121
ReturnHeader/FilingSecurityInformation/IPDt02018-11-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm016:20:17
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521259972
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LANIGAN RYAN MALCOLM & DOYLE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0555 QUINCE ORCHARD ROAD SUITE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GAITHERSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020878
ReturnHeader/PreparerPersonGrp/PhoneNum03012588900
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JASON MILLS CPA
ReturnHeader/ReturnTs02018-11-13T08:37:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,570,824
Liabilities
$0
Net assets
$1,570,824
Revenue
$508,050
Expenses
$11,468
Net income
$496,582
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
2017Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$0.51$0.01$0.50
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