DEFY VENTURES INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: DEFY VENTURES INC (EIN 27-3611908)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-11-11
IRS object ID: 201323169349300172
Schema version: 2012v2.0
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
Schedule A
Schedule B
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-11T13:30:10-08:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SCHALL & ASHENFARB CPAS	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	350 5TH AVE STE 5610	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	101180110	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	273611908	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Defy Ventures Inc	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	DEFY	NameControl
Phone	9143309950	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5 Penn Plaza 19th Floor	AddressLine1
City	New York	City
State	NY	State
ZIP Code	10001	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Catherine Hoke	Name
Title	CEO & Founder	Title
Date Signed	2013-11-11	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	David C Ashenfarb	Name
PTIN	P00535436	PTIN
Phone	2122682800	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	Catherine Hoke	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	5 Penn Plaza	AddressLine1
City	New York	City
State	NY	State
ZIP Code	10001	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1164999	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
All Affiliates Included	false	AllAffiliatesIncluded
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2010	YearFormation
State Legal Domicile	NY	StateLegalDomicile
Activity Or Mission Description	To provide carefully selected, ambitious individuals who have criminal histories with transformational entrepreneurship, leadership, character development and career opportunities.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	5	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	5	NbrIndependentVotingMembers
Total Nbr Employees	23	TotalNbrEmployees
Total Nbr Volunteers	150	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	772619	ContributionsGrantsPriorYear
Contributions Grants Current Year	1164999	ContributionsGrantsCurrentYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1750	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	774369	TotalRevenuePriorYear
Total Revenue Current Year	1164999	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	328432	SalariesEtcPriorYear
Salaries Etc Current Year	565471	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	128896	TotalFundrsngExpCurrentYear
Other Expense Prior Year	269071	OtherExpensePriorYear
Other Expenses Current Year	705586	OtherExpensesCurrentYear
Total Expenses Prior Year	597503	TotalExpensesPriorYear
Total Expenses Current Year	1271057	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	176866	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-106058	RevenuesLessExpensesCY
Total Assets BOY	216844	TotalAssetsBOY
Total Assets EOY	87150	TotalAssetsEOY
Total Liabilities BOY	61449	TotalLiabilitiesBOY
Total Liabilities EOY	37813	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	155395	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	49337	NetAssetsOrFundBalancesEOY
Mission Description	To provide carefully selected, ambitious individuals who have criminal histories with transformational entrepreneurship, leadership, character development and career opportunities. Defy seeks to break the cycle of incarceration by equipping individuals-who because of their felonies are at a severe disadvantage in the employment market-to attain sustainable and legal financial stability.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	945261	Expense
Description	2012 ACCOMPLISHMENTSTightly managed as a lean, results-driven start-up with a highly committed team, were proud of Defys early results and are excited to show supporters the payoff of their investment of time and funding.PROGRAMServed 75 student entrepreneurs in two classes, who each completed 125 hours of rigorous classroom training in entrepreneurship, character development, and leadership.Advanced 62 student entrepreneurs to our prestigious Entrepreneurship Fellowship. Fellows receive 300 classroom training hours, and an additional of 350+ hours outside the classroom. Each Fellow competes in three business plan competitions, receives executive mentoring, and continues engaging in intensive personal development.Defy Class One Fellows launched 21 new businesses in our first four months of program operations; 41 business launches are planned for February 2013 by Class Two Fellows! All businesses are legally incorporated and received start-up funding. Nearly 100% generated revenue in their first six weeks, and many are already profitable.Established our Entrepreneurship Incubator, which provides entrepreneurs with access to services including office space, marketing, advertising, legal, and bookkeeping services, and full support from Defys Entrepreneur-in-Residence and executive coaches. This program awarded $100,000+ in seed financing through three business plan competitions and follow-on grants. Additionally the program incubated five Fellows businesses. In just months, they generated a combined $74,000 in revenue, $25,000 in profits and 24 employment opportunities to others, including Defy graduates. Defys start-ups were featured in national media for their incredible success, including the New York Times, Inc. Magazine, The Wall Street Journal, The Huffington Post and Forbes.com.Engaged 500 executive volunteers from hedge funds, investment banks, venture capital and private equity firms, Fortune 500 companies, and entrepreneurial ventures. These volunteers contributed 5,000+ hours as business plan competition judges, mentors and business coaches! o Implemented our Executive Mentoring Program; matched 31 executives with Fellows. Also launched remote office hours mentoring for out-of-state executives who coach students over Skype. o Formed a 10-member Investment Committee, which meets monthly to evaluate entrepreneurs progress, provide coaching, and make investment decisions. o Rolled out our Life of the Entrepreneur Dinner Speaker Series, featuring proven entrepreneurs who inspire our students to greatness.Started serving women. Our five female Fellows in Class Two are definitely holding their own, proving to be intense competitors and raising the bar for the gentlemen!Rolled out our Career Access program to equip graduates who cannot fully sustain themselves through entrepreneurship. Nearly 100% of Class One graduates are gainfully employed.Implemented our Faith-Based Partnership Strategy with speaking engagements at NYCs Redeemer Church Entrepreneurship Forum; Q conference in Portland, Oregon and Co-Lab in Chicago (both gatherings of pastors and ministry leaders); New Song Church in both Irvine and Los Angeles; and Fairfax Community Church in Washington D.C.Spoke to groups of accomplished entrepreneurs, executives, investors, and academics nationally, including the Entrepreneurs Organization, Ideation, CEO Club, and the National Investment Banking Association, Stanford Graduate School of Business, and Princeton University.	Description
Total Program Service Expense	945261	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	true	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	10	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	23	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Form990-T Filed	false	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Number Of8282 Filed	0	NumberOf8282Filed
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form8899 Filed	false	Form8899Filed
Form1098 C Filed	false	Form1098CFiled
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Filed Lieu1041	false	FiledLieu1041
Licensed More Than One State	false	LicensedMoreThanOneState
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	5	NbrVotingGoverningBodyMembers
Number Independent Voting Members	5	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	false	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	NY	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	Louis Kanganis	NamePerson
Telephone Number	3479224686	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	5 Penn Plaza 19th Floor	AddressLine1
City	New York	City
State	NY	State
ZIP Code	10001	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
Jesse Bonderman
Director	1.00	0.00	X	0	0	0
Mike Scovel
Director	1.00	0.00	X	0	0	0
Michelle Kedem
Director	1.00	0.00	X	0	0	0
Rod Washington
Secret. & Treas	1.00	0.00	X	0	0	0	X
Henry Hamilton
Chairman	1.00	0.00	X	0	0	0	X
Catherine Hoke
CEO & Founder	70.00	0.00		163908	0	4800	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	163908	TotalReportableCompFromOrg
Total Other Compensation	4800	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
All Other Contributions	1164999	AllOtherContributions
Total Contributions	1164999	TotalContributions
Total Program Service Revenue	0	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Field	Value	IRS element (for citing)
Total Other Revenue	0	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1164999	TotalRevenueColumn

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	X	InfoInScheduleOPartIX

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	164908	Total
Program Services	98344	ProgramServices
Management And General	32782	ManagementAndGeneral
Fundraising	33782	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	344522	Total
Program Services	257940	ProgramServices
Management And General	78248	ManagementAndGeneral
Fundraising	8334	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	0	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	30555	Total
Program Services	21213	ProgramServices
Management And General	6773	ManagementAndGeneral
Fundraising	2569	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	25486	Total
Program Services	17693	ProgramServices
Management And General	5650	ManagementAndGeneral
Fundraising	2143	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	199768	Total
Program Services	115598	ProgramServices
Management And General	13812	ManagementAndGeneral
Fundraising	70358	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	27275	Total
Program Services	9087	ProgramServices
Management And General	18188	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	18878	Total
Program Services	13203	ProgramServices
Management And General	4114	ManagementAndGeneral
Fundraising	1561	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	115021	Total
Program Services	99338	ProgramServices
Management And General	11370	ManagementAndGeneral
Fundraising	4313	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	55672	Total
Program Services	38935	ProgramServices
Management And General	12134	ManagementAndGeneral
Fundraising	4603	Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	0	Total

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1042	Total
Management And General	1042	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	3204	Total
Program Services	2241	ProgramServices
Management And General	698	ManagementAndGeneral
Fundraising	265	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
Miscellaneous	8095	3763	4332
Staff develop. & recruitment	32138	28821	3317
Program Events	52179	52179
Student Services	178680	178680

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	13634	Total
Program Services	8226	ProgramServices
Management And General	4440	ManagementAndGeneral
Fundraising	968	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1271057	Total
Program Services	945261	ProgramServices
Management And General	196900	ManagementAndGeneral
Fundraising	128896	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	202846	BOY
EOY	47387	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
EOY	0	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
EOY	20150	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
EOY	0	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
EOY	5450	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
EOY	0	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	5393	BOY
EOY	6000	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	3126	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	1563	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2605	BOY
EOY	1563	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
EOY	0	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
EOY	0	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	6000	BOY
EOY	6600	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	216844	BOY
EOY	87150	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	61449	BOY
EOY	37813	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	61449	BOY
EOY	37813	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	155395	BOY
EOY	49337	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	155395	BOY
EOY	49337	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	216844	BOY
EOY	87150	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-106058	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	false	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	105506	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	774369	CurrentTaxYearMinus1Year
Current Tax Year	1164999	CurrentTaxYear
Total	2044874	Total

Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170

Field	Value	IRS element (for citing)
Total	0	Total

Value Srvc Fclts Furnished By Govt ValueSrvcFcltsFurnishedByGovt

Field	Value	IRS element (for citing)
Total	0	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	105506	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	774369	CurrentTaxYearMinus1Year
Current Tax Year	1164999	CurrentTaxYear
Total	2044874	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	702221	AmountsSubstContributorsTotal
Public Support Total170	1342653	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Total	0	Total

Net UBI NetUBI

Field	Value	IRS element (for citing)
Total	0	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Total Support	2044874	TotalSupport
First5 Years170	X	First5Years170
Public Support Pertcentage170	0.00000	PublicSupportPertcentage170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3126	OtherCostOrOtherBasis
Depreciation	1563	Depreciation
Book Value	1563	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1563	TotalOfBookValueLandBuildings

Other Assets OtherAssets

Field	Value	IRS element (for citing)
Description	Security Deposit	Description
Book Value	6600	BookValue

Field	Value	IRS element (for citing)
Total Book Value Other Assets	6600	TotalBookValueOtherAssets
Footnote In Part XIII	X	FootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt	1164999	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	1164999	RevenueSubtotal
Total Revenue Per Form990	1164999	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	1271057	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	1271057	ExpensesSubtotal
Total Expenses Per Form990	1271057	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	Part X	Identifier
Return Reference	Part X : FIN48 Footnote	ReturnReference
Explanation	The Organization does not believe its financial statements include any uncertain tax positions. Tax positions for periods ending December 31, 2009 and later are subject to examination by applicable authorities.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException
Rebuttable Presumption Procedure	false	RebuttablePresumptionProcedure

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	Catherine Hoke	NamePerson
Title	CEO & Founder	Title
Base Compensation Filing Org	163908	BaseCompensationFilingOrg
Nontaxable Benefits Filing Org	4800	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	168708	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990, Part VI, Line 19	Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	Documents available upon request.
Form 990, Part VI, Line 15b	Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	Salries are reviewed as part of the budget. The CEOs salary is the only salary that was officially approved by the Board. All other salaries have been at the discretion of the CEO.
Form 990, Part VI, Line 15a	Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management	The CEO's salary is officially approved by the Board. The Board members researched the salaries of others with similar experience as the CEO within the industry and used that information to decided her compensation.
Form 990, Part VI, Line 12c	Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts	Defy has a Conflict of Interest policy that has been approved by the Board and will be signed annually in the winter meetings. Each Board member must complete the form and return it to management.
Form 990, Part VI, Line 11b	Form 990, Part VI, Line 11b: Form 990 Review Process	The Chairman of the Board and the CEO will review the 990 in depth, provide the 990 to the Board and make recommendations to the Board to approve it. Any major findings will be discussed and opportunity for changes will be made. After the 990 is approved by the Board, the 990 will be signed by the appropriate signators and will be filed as instructed by our auditors.