Dismas, Inc.
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$3,440,705.00
Projected Expenses
$3,239,149.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| 501(c)(3) Status |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $2,919,694.00 | $2,099,195.00 | $2,125,515.00 |
| Total Expenses | $3,269,194.00 | $2,353,455.00 | $2,048,973.00 |
| Revenue Less Expenses | ($349,500.00) | ($254,260.00) | $76,542.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $1,697,362.00 | $1,026,464.00 | $1,099,506.00 |
| Contributions, Gifts, and Grants | $656,071.00 | $744,928.00 | $903,767.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $460,631.00 | $324,377.00 | $122,240.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $105,900.00 | $0.00 | $0.00 |
| Other | $0.00 | $3,426.00 | $2.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $2,702,195.00 | $1,924,771.00 | $1,565,290.00 |
| Administration Expense | $284,113.00 | $208,536.00 | $215,898.00 |
| Fundraising Expense | $282,886.00 | $220,148.00 | $267,790.00 |
| Total Revenue/Total Expenses | 89% | 89% | 104% |
| Program Expense/Total Expenses | 83% | 82% | 76% |
| Fundraising Expense/Contributed Revenue | 9% | 9% | 13% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $1,697,362.00 | Government Grants $1,026,464.00 | Government Grants $1,099,506.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $656,071.00 | Contributions, Gifts, Grants $744,928.00 | Contributions, Gifts, and Grants $903,767.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $460,631.00 | Program Revenue $324,377.00 | Program Revenue $122,240.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $10,573,713.00 | $10,843,450.00 | $10,945,147.00 |
| Current Assets | $283,740.00 | $254,732.00 | $79,897.00 |
| Long-Term Liabilities | $5,280,143.00 | $5,275,978.00 | $5,221,926.00 |
| Current Liabilities | $161,764.00 | $86,166.00 | $65,545.00 |
| Total Net Assets | $5,131,806.00 | $5,481,306.00 | $5,657,676.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
Yes
Do you anticipate a campaign in the next 5 years?
No
What is the campaign goal?
$10,600,000.00
What is the purpose of the capital campaign?
We moved into our 24,000 square foot campus in March of 2020 and the $10.6M capital campaign was not complete. The campaign had to be paused while we built out the new operation, implemented our plan to reach capacity, and found new sources of funding to stabilize our operating budget. A new committee is engaged to retire the debt on the building.
The previous amount of funding raised was incorrectly stated because it included the value of the land which Dismas purchased through the proceeds of the sale of the Music Row property.
Campaign Start
September 2022
Campaign End
December 2024
Campaign Raised to Date Month
June
Campaign Raised to Date Year
2023
Campaign Raised to Date Amount
$5,900,000.00
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| FY23 990 | 2023 |
| FY22 990 | 2022 |
| Dismas Inc, 2020 990 | 2021 |
| Dismas Inc 2020 990 | 2020 |
| Dismas Inc 2019 990 | 2019 |
| Dismas Inc 2018 990 | 2018 |
| Dismas Inc. 2017 990 | 2017 |
| Dismas Inc. 2016 990 | 2016 |
| Dismas Inc. 2015 990 | 2015 |
| Dismas Inc. 2014 990 | 2014 |
| Dismas, Inc. 2013 990 | 2013 |
| Dismas, Inc. 2012 990 | 2012 |
| Dismas, Inc. 2011 990 | 2011 |
| dismas, inc 2010 990 | 2010 |
| dismas, inc 2009 990 | 2009 |
| dismas, inc 2008 990 | 2008 |
| dismas, inc 2007 990 | 2007 |
| dismas, inc 2006 990 | 2006 |
| dismas, inc 2005 990 | 2005 |
| dismas, inc 2004 990 | 2004 |
Audit Documents
| FY23 Audited Financial Statements | 2023 |
| FY22 Audited Financial Statements | 2022 |
| Dismas, Inc 2021 | 2021 |
| Dismas, Inc. 2020 | 2020 |
| Dismas, Inc. 2019 | 2019 |
| Dismas, Inc. 2018 Audit | 2018 |
| Dismas, Inc. 2017 Audit | 2017 |
| Dismas, Inc. 2016 Audit | 2016 |
| Dismas, Inc. 2015 Audit | 2015 |
| Dismas, Inc. 2014 Audit | 2014 |
| Dismas, Inc. 2013 Audit | 2013 |
| Dismas, Inc. 2012 Audit | 2012 |
| Dismas, Inc. 2011 Audit | 2011 |
| dismas, inc 2010 audit | 2010 |
| dismas, inc 2009 audit | 2009 |
| dismas inc 2008 audit | 2008 |
| dismas, inc 2007 audit | 2007 |
| dismas, inc 2006 audit | 2006 |
| dismas, inc 2005 audit | 2005 |
| dismas inc 2004 audit | 2004 |
CEO/Executive Director/Board Comments
| Dismas House needs to retire the debt on the building to improve it's financial position. The debt was restructured in December of 2022 and included a Community Investment Tax Credit Loan. This reduce the monthly payments, but was offset with rising interest rates. Dismas House paid $333K of interest payments and needs the debt retired to create a cash reserve. At the end of the fiscal year depreciation expense showing on the P&L was at the was $370K, causing our operating income to be negative. We still have the funds needed to operate and manage our expenses closely. |
Foundation Staff Comments
| Financial figures taken from 990. Financials completed by Edmondson, Betzler and Dame, PLLC. Comment provided by Hayley Sulfridge 1/2/24. |
