Davis Family Foundation
- Assets
- $94.9m
- Revenue
- $3.9m
- Investments
- $22.6m
- Employees
- 0
- Location
- Yarmouth, ME
- Founding
- 09/1983
- Data as of
- 12/2021
- EIN
- 01-0390443
Organization Overview
Davis Family Foundation is located in Yarmouth, ME. The organization was established in 1983. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davis Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Davis Family Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Davis Family Foundation has awarded 773 individual grants totaling $16,893,968. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AWARD GRANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS ALLOCATED IN SUPPORT OF 501(C)(3) & GOVERNMENTAL ORGANIZATIONS. SEE SCHEDULE I FOR 2021 GRANTS APPROVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvonne B Mumme Chief Finance And Administrative Officer | Officer | 16 | $50,861 |
Michael R Currie Trustee | Trustee | 2 | $6,000 |
Anne B Pringle Trustee | Trustee | 2 | $6,000 |
Al Noyes Trustee | Trustee | 2 | $6,000 |
Samuel M Dicapua Trustee | Trustee | 2 | $6,000 |
Edward L Dilworth III Trustee | Trustee | 2 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,152,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,726,274 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,904,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,493,061 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,473 |
| Compensation of current officers, directors, key employees. | $55,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $81,143 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $199,660 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,106 |
| Information technology | $22,103 |
| Royalties | $0 |
| Occupancy | $21,985 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $446 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,672 |
| All other expenses | $0 |
| Total functional expenses | $2,930,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,996 |
| Savings and temporary cash investments | $3,411,466 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,507 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $68,590,469 |
| Investments—other securities | $22,597,606 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $276,708 |
| Total assets | $94,934,752 |
| Accounts payable and accrued expenses | $51,351 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $135,768 |
| Total liabilities | $187,119 |
| Net assets without donor restrictions | $94,747,633 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $94,934,752 |
Grants Awarded
Over the last fiscal year, Davis Family Foundation has awarded $2,435,861 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
Biddeford, ME PURPOSE: Institute for Interprofessional Education and Practice | $150,000 |
Lewiston, ME PURPOSE: CMH Cancer Care Center | $100,000 |
Augusta, ME PURPOSE: "Champion in EVERY Child" Children's Center Expansion Project | $100,000 |
Presque Isle, ME PURPOSE: AMHC Expansion of Residential Adult Crisis Stabilization Unit in Aroostook County | $100,000 |
Greenville, ME PURPOSE: Northern Light CA Dean - A Moosehead Legacy: Preserving the Promise | $75,000 |
South Portland, ME PURPOSE: Washington County Community College Photovoltaic Panel System for Solar Energy Training | $60,590 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Davis Family Foundation Yarmouth, ME | $94,934,752 | $3,904,982 |
Carl Benton Straub Charitable Trust Brunswick, ME | $0 | $2,800,114 |
Panjandrum Foundation Tr Keene, NH | $3,537,021 | $9,028 |
Adele Gifford Residuary Trust Bedford, NH | $12,919,500 | $730,579 |
Robert And Joyce Oberkotter Family Foundation Newport, NH | $12,628,892 | $751,411 |
Doris Benz Tr Otisfield, ME | $6,799,118 | $360,492 |
Hjd Foundation Sunapee, NH | $21,739,659 | $12,057,994 |
Clara Saltus Trust Uw Bedford, NH | $7,298,272 | $1,323,409 |
Benjamin Kimball Trust Uw Bedford, NH | $7,262,767 | $1,582,345 |
W F Bisbee J G O Rourke Tte Portland, ME | $20,774,662 | $340,543 |
Tamworth Foundation Tamworth, NH | $7,368,763 | $923,034 |
Alfred Quimby Fund Ttee Center Sandwich, NH | $6,204,237 | $703,206 |