D3 FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: D3 FOUNDATION (EIN 82-2119472)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2025-10-24
IRS object ID: 202542979349100619
Schema version: 2023v6.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-10-24T11:55:42-04:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	461302809	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BGW CPA PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	500 S TURNER AVE STE 100	AddressLine1Txt
City	CHARLOTTE	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	282084259	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	822119472	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	D3 FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	D3FO	BusinessNameControlTxt
Phone	5023148863	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	647 BRAWLEY SCHOOL RD SUITE 104	AddressLine1Txt
City	MOORESVILLE	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	28117	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DOUGLAS ABELL	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Phone	5023148863	PhoneNum
Signature	2025-10-21	SignatureDt

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ADAM C BOATSMAN	PreparerPersonNm
PTIN	P00785623	PTIN
Phone	7045520553	PhoneNum
Preparation	2025-10-22	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Amended Return	Yes (X)	AmendedReturnInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$85,589	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$1,579,000	ContriRcvdRevAndExpnssAmt
Total Rev And Expnss	$1,579,000	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$920	AccountingFeesRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss	$100	TravConfMeetingRevAndExpnssAmt
Other Expenses Rev And Expnss	$17,849	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$18,869	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$1,502,213	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$1,502,213	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$1,521,082	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$1,502,213	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$57,918	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$29,593	CashBOYAmt
Cash EOY	$85,589	CashEOYAmt
Cash EOYFMV	$85,589	CashEOYFMVAmt
Total Assets BOY	$29,593	TotalAssetsBOYAmt
Total Assets EOY	$85,589	TotalAssetsEOYAmt
Total Assets EOYFMV	$85,589	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$1,922	AccountsPayableBOYAmt
Total Liabilities BOY	$1,922	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$27,671	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$85,589	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$27,671	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$85,589	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$29,593	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$85,589	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$27,671	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$57,918	ExcessRevenueOverExpensesAmt
Subtotal	$85,589	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$85,589	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	NC	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	WWW.D3FOUNDATIONNC.ORG	WebsiteAddressTxt
Individual With Books	DOUGLAS ABELL	IndividualWithBooksNm
Phone	5023148863	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	647 BRAWLEY SCHOOL RD SUITE 104	AddressLine1Txt
City	MOORESVILLE	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	28117	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
DOUGLAS ABELL
647 BRAWLEY SCHOOL RD SUITE 104	MOORESVILLE	NC	28117	DIRECTOR	000.00	$0	$0	$0
CHER ABELL
647 BRAWLEY SCHOOL RD SUITE 104	MOORESVILLE	NC	28117	DIRECTOR	000.00	$0	$0	$0
ROSE ABELL
647 BRAWLEY SCHOOL RD SUITE 104	MOORESVILLE	NC	28117	DIRECTOR	000.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	EDUCATIONAL GRANTS	Description1Txt
Expenses1	$1,502,213	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$18,553	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$18,553	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$18,553	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$278	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$18,275	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$914	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$914	MinimumInvestmentReturnAmt
Distributable Before Adj	$914	DistributableBeforeAdjAmt
Distributable Before Ded	$914	DistributableBeforeDedAmt
Distributable As Adjusted	$914	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$1,502,213	ExpensesAndContributionsAmt
Qualifying Distributions	$1,502,213	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$914	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$16,668	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$5,605	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$15,633	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$21,380	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$14,747	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$74,033	TotalExcessDistributionCyovAmt
Qualifying Distributions	$1,502,213	QualifyingDistributionsAmt
Applied To Current Year	$914	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$1,501,299	RemainingDistriFromCorpusAmt
Total Corpus	$1,575,332	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$16,668	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$1,558,664	ExcessDistriCyovToNextYrAmt
Excess From Year4	$5,605	ExcessFromYear4Amt
Excess From Year3	$15,633	ExcessFromYear3Amt
Excess From Year2	$21,380	ExcessFromYear2Amt
Excess From Year1	$14,747	ExcessFromYear1Amt
Excess From Current Year	$1,501,299	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	DOUGLAS ABELL	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	647 BRAWLEY SCHOOL RD SUITE 104	AddressLine1Txt
City	MOORESVILLE	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	28117	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	5023148863	RecipientPhoneNum

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
EAST KENTUCKY UNIVERSITY
521 LANCASTER AVE	RICHMOND	KY	40475	PC	TUITION ASSISTANCE	$6,953
INDIANA UNIVERSITY SOUTHEAST
4201 GRANT LINE RD	NEW ALBANY	IN	47150	PC	TUITION ASSISTANCE	$6,952
KINGDOM CHURCH OF HOUSTON
9702 WILLOW ST	HOUSTON	TX	77088	PC	ANNUAL FUNDRAISER	$125,000
KINGDOM CHRISTIAN CHURCH
5832 FREEDOM DR	CHARLOTTE	NC	28214	PC	CAPITAL CAMPAIGN	$975,000
FREEDOM MORTGAGE
4108 PARK RD STE 300	CHARLOTTE	NC	28209	PC	HOUSING ASSISTANCE	$374,403
ST RAPHAEL CATHOLIC SCHOOL
5815 FALLS OF NEUSE RD	RALEIGH	NC	27609	PC	TUTION ASSISTANCE	$6,953
ST GABRIEL CATHOLIC SCHOOL
3028 PROVIDENCE RD	CHARLOTTE	NC	28211	PC	TUTION ASSISTANCE	$6,952

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$1,502,213	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp (5 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	Address Line2ContributorUSAddress/AddressLine2Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd
DOUG ABELL
1	647 BRAWLEY SCHOOL RAOD	SUITE 647	MOORESVILLE	NC	28117	$120,000	Yes (X)
US CHARITABLE GIFT TRUST
2	8910 PURDUE ROAD	SUITE 500	INDIANAPOLIS	IN	46268	$554,000	Yes (X)
LARRY GRAHAM
3	647 BRAWLEY SCHOOL RD		MOORESVILLE	NC	28117	$850,000	Yes (X)
DOUG THOMPSON
4	647 BRAWLEY SCHOOL RD		MOORESVILLE	NC	28117	$5,000	Yes (X)
JIM MAGEE
5	1100 N MARKET ST 2		MOORESVILLE	NC	28117	$50,000	Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT ACCOUNTING FEES	CategoryTxt
Amt	$920	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK FEES	$148
DINING	$1,005
SUPPLIES	$75
UTILITIES	$1,371
OTHER EXPENSES	$15,250

Comments