Civic Intelligence

Dme Sports Foundation Inc

EIN 82-0922093 • 501(c)3 • Daytona Beach, FL

Profile

To provide scholarships for academic and athletic assistance to qualified individuals with a demonstrated need.

2441 Bellevue AvenueDaytona Beach, FL 32114

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

9th percentile

-109%

Higher net margin than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

90th percentile

$30,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 60.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

22nd percentile

-41%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

63rd percentile

8.7%

Faster revenue growth than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$79,876

Down $55,354 (-41%) from 2024

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$79,876

Down $54,354 (-40%) from 2024

Revenue

Up

$50,000

Up $3,999 (+8.7%) from 2024

Expenses

Up

$104,354

Up $72,709 (+230%) from 2024

Net Income

Down

-$54,354

Down $68,710 (-479%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2022: $222,375Liabilities 2022: $1,175Net Assets 2022: $221,2002022Assets 2023: $121,079Liabilities 2023: $1,205Net Assets 2023: $119,8742023Assets 2024: $135,230Liabilities 2024: $1,000Net Assets 2024: $134,2302024Assets 2025: $79,876Net Assets 2025: $79,8762025

Highlighted filing

2025

Assets$79,876
Liabilities-
Net Assets$79,876

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100K-$200KRevenue 2022: $241,400Expenses 2022: $15,774Net Income 2022: $225,6262022Revenue 2023: $22,500Expenses 2023: $123,826Net Income 2023: -$101,3262023Revenue 2024: $46,001Expenses 2024: $31,645Net Income 2024: $14,3562024Revenue 2025: $50,000Expenses 2025: $104,354Net Income 2025: -$54,3542025

Highlighted filing

2025

Revenue$50,000
Expenses$104,354
Net Income-$54,354

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$50,000
Mission and Program Overview

Mission

To provide scholarships for academic and athletic assistance to qualified individuals with a demonstrated need.

Program Services

DescriptionGrantsExpenses
PROVIDE SCHOLARSHIPS FOR ACADEMIC AND ATHLETIC ASSISTANCE TO QUALIFIED INDIVIDUALS WITH A DEMONSTRATED NEED.$47,500$56,854
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL MITCHENERExecutive DirectorPT$30,000-$30,000
FELICIA R COOKExecutive DirectorPT$6,000-$6,000
MICHAEL J PANAGGIOChairman-$0--
DANIEL M PANAGGIOTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Dme Sports Foundation Inc
EIN
82-0922093
Phone
3862713900
Address
2441 BELLEVUE AVENUE, DAYTONA BEACH, FL 32114

Signing Officer

Name
Michael J Panaggio
Title
Chairman
Signed
2025-11-10
Discuss with paid preparer
Yes

Preparer

Firm
Lauteria & King Plc
Address
605 E Robinson St Ste 620, Orlando, FL 32801
Preparer
Gregory F King CPA
Phone
4078726829
Supplemental Narrative

Additional Explanations

Other Revenue.1

VENUE RENTAL $1000

Grants and Similar Amounts Paid In Excess of $5,000.3

Class of Activity: EDUCATIONAL ASSISTANCE | Donee's Name: HERI BUKINGA SEFU | Donee's Address: 2441 BELLEVUE AVENUE DAYTONA BEACH FL 32114 | Relationship of Donee: NONE | Cash Amount Given: $25000

Grants and Similar Amounts Paid In Excess of $5,000.5

Class of Activity: EDUCATIONAL ASSISTANCE | Donee's Name: ANIYA LEGGETT | Donee's Address: 834 MAGNOLIA AVENUE DAYTONA BEACH FL 32114 | Relationship of Donee: NONE | Cash Amount Given: $7500

Grants and Similar Amounts Paid In Excess of $5,000.6

Class of Activity: EDUCATIONAL ASSISTANCE | Donee's Name: LORALI STRICKLAND | Donee's Address: 417 QUAILS ROOST PLACE DELEON SPRINGS FL 32130 | Relationship of Donee: NONE | Cash Amount Given: $7500

Grants and Similar Amounts Paid In Excess of $5,000.7

Class of Activity: EDUCATIONAL ASSISTANCE | Donee's Name: JOSEPH LOUIS-JEAN | Donee's Address: 437 WHITNEY STREET DAYTONA BEACH FL 32114 | Relationship of Donee: NONE | Cash Amount Given: $7500

Payments to Affiliates.1

Name: DME SPORTS LLC | Address: 2441 BELLEVUE AVENUE DAYTONA BEACH, FL 32114 | Purpose of payment: EARMARKED FUNDS-SCOREBOARD | Amount: $10000

Other Expenses.1001

Advertising and Promotion $5898

Other Expenses.1003

Information Technology $215

Other Expenses.1

OUTSIDE SERVICES $3000

Other Expenses.2

STUDENT UNIFORMS $905

Other Expenses.3

BANK CHARGES $125

Other Expenses.4

LICENSES & FEES $61

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $1000 Accounts Payable and Accrued Expenses - Ending $0

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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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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