The Design Foundation Inc

EIN: 311791067 501(c)(3) Education

Herndon, VA

Total Revenue
$16,003
Total Expenses
$47,687
Total Assets
$620,229
Net Assets
$461,805
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
VA
Principal Officer
Donte Shannon
Phone
7037076000
Tax Period
2023-01-01 to 2023-12-31

The Design Foundation Inc, founded in 2001, is a micro nonprofit in the Education sector that reported $16K in total revenue in fiscal year 2023. Expenses of $48K exceeded revenue, resulting in a 198% operating deficit.

Mission

To promote scholarship and education to the public.

Program Service Accomplishments

Program 1
Expenses: $32,507

The Design Foundation provides tuition assistance for one graduate and one undergraduate collegiate student studying industrial design each year. For 2023, each scholarship was $5,000.

Program 2
Expenses: $9,294

Event Access - As part of our diversity, equity, and inclusion initiatives, our DEI Event Access program offers individuals who are underrepresented in industrial design-primarily BIPOC (Black...

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Event Access - As part of our diversity, equity, and inclusion initiatives, our DEI Event Access program offers individuals who are underrepresented in industrial design-primarily BIPOC (Black, Indigenous, People of Color), female-identified and non-binary students-complimentary access to national Industrial Designers Society of America events. In 2023, 17 individuals received complimentary registration to attend various IDSA events, valued at $3803.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,053
Program Service Revenue $0
Investment Income $9,950
Other Revenue $0
TOTAL REVENUE $16,003

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $17,430
Fundraising Expenses $0
Program Expenses $41,801
Other Expenses $20,257
TOTAL EXPENSES $47,687

Year-over-Year Comparison

2023 2022 Change
Revenue $16,003 $15,880 +0.0%
Expenses $47,687 $36,938 +0.3%
Net Income $-31,684 $-21,058 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Clay Von Lowe President 2.00
Officer Director
$0 $0 $0
Maureen Carroll Vice President 1.00
Officer Director
$0 $0 $0
Qin Li Secretary/Treasurer 1.00
Officer Director
$0 $0 $0
Verena Paepcke-Hjeltness Trustee 1.00
Director
$0 $0 $0
Michelle Berryman Trustee 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $16,003 $47,687 $620,229 $-31,684
2022 $15,880 $36,938 $554,654 $-21,058
2021 $113,309 $40,081 $560,099 $73,228
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