DMB2 FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- DMB2 FOUNDATION (EIN 82-1985361)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-08-01
- IRS object ID
- 202502139349100500
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-08-01T08:03:17-04:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 383074311 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOTITO & LAZZARA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 22525 HALL RD STE A | AddressLine1Txt |
| City | MACOMB | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 821985361 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DMB2 FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DMB2 | BusinessNameControlTxt |
| Phone | 3135300951 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 936 MILL POND CT | AddressLine1Txt |
| City | NORTHVILLE | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48167 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DENNIS BROWN | PersonNm |
| Person Title | PRESIDENT/OFFICER | PersonTitleTxt |
| Phone | 3135300951 | PhoneNum |
| Signature | 2024-07-07 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL R LOTITO | PreparerPersonNm |
| PTIN | P01672871 | PTIN |
| Phone | 5864680200 | PhoneNum |
| Preparation | 2025-07-07 | 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $190,619 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $3,673 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3,673 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $3,673 | InterestOnSavingsAdjNetIncmAmt |
| Total Rev And Expnss | $3,673 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,673 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $3,673 | TotalAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $0 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $168,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $168,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $168,000 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $168,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$164,327 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,673 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $3,673 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $337,065 | CashBOYAmt |
| Sav And Temp Cash Invst BOY | $14,881 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $187,619 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $187,619 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $3,000 | AcctRcvblAmt |
| Acct Rcvbl BOY | $3,000 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $3,000 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $3,000 | AcctRcvblEOYFMVAmt |
| Total Assets BOY | $354,946 | TotalAssetsBOYAmt |
| Total Assets EOY | $190,619 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $190,619 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $354,946 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $190,619 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $354,946 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $190,619 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $354,946 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $190,619 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $354,946 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$164,327 | ExcessRevenueOverExpensesAmt |
| Subtotal | $190,619 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $190,619 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $51 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $51 | SubtotalAmt |
| Tax Based On Investment Income | $51 | TaxBasedOnInvestmentIncomeAmt |
| Tax Due | $51 | TaxDueAmt |
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 |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MI | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL R LOTITO | BusinessNameLine1Txt |
| Business Name Line2 | LOTITO & LAZZARA PC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5864680200 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 22525 HALL ROAD | AddressLine1Txt |
| Address Line2 | SUITE A | AddressLine2Txt |
| City | MACOMB | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48042 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DENNIS BROWN | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 936 MILL POND CT | AddressLine1Txt |
| City | NORTHVILLE | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48167 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | PRESIDENT/OF | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 1.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
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 | $312,342 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $187,619 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $499,961 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $499,961 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $7,499 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $492,462 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $24,623 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $24,623 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $51 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $51 | TotalTaxAmt |
| Distributable Before Adj | $24,572 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $24,572 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $24,572 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $168,000 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $168,000 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $24,572 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr4 | $94,513 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $27,409 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $239,296 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $84,772 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $445,990 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $168,000 | QualifyingDistributionsAmt |
| Applied To Current Year | $24,572 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $143,428 | RemainingDistriFromCorpusAmt |
| Total Corpus | $589,418 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $589,418 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $94,513 | ExcessFromYear4Amt |
| Excess From Year3 | $27,409 | ExcessFromYear3Amt |
| Excess From Year2 | $239,296 | ExcessFromYear2Amt |
| Excess From Year1 | $84,772 | ExcessFromYear1Amt |
| Excess From Current Year | $143,428 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| FLEECE & THANK YOU | |||||||
| 24715 CRESTVIEW CT | FARMINGTON HILLS | MI | 48335 | UNRELATED | ACTIVE | DONATION FOR STATED MISSION | $50,000 |
| VETERANS IN CRISIS | |||||||
| PO BOX 2028 | TRAVERSE CITY | MI | 49685 | UNRELATED | ACTIVE | DONATION FOR STATED MISSION | $10,000 |
| ELWIRA ZABOR | |||||||
| 1928 MONTE CARLO DR | SARASOTA | FL | 34241 | UNRELATED | ACTIVE | DONATION FOR BRAIN SURGERY | $100,000 |
| ST REGIS PARISH | |||||||
| 3695 LINCOLN RD | BLOOMFIELD HILLS | MI | 48301 | UNRELATED | ACTIVE | DONATION FOR STATED MISSION | $8,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $168,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $3,673 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $3,673 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,673 | TotalIncomeProducingActyAmt |
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 |