Davis Family Foundation
- Assets
- $89.6m
- Revenue
- $3.2m
- Investments
- $23.6m
- Employees
- 0
- Location
- Yarmouth, ME
- Founding
- 09/1983
- Data as of
- 12/2023
- 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 12/2023, Davis Family Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $2.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Davis Family Foundation has awarded 947 individual grants totaling $21,729,112. 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
2023
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 GRANTS APPROVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvonne B Mumme Chief Finance And Administrative Officer | Officer | 15.3 | $56,560 |
Michael R Currie Trustee | Trustee | 2 | $6,000 |
Anne B Pringle Trustee | Trustee | 2 | $6,000 |
Samuel M Dicapua Trustee | Trustee | 2 | $6,000 |
Edward L Dilworth III Trustee | Trustee | 2 | $6,000 |
Al Noyes 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 | $985,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,249,491 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,243,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,015,188 |
| 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. | $98,442 |
| Compensation of current officers, directors, key employees. | $64,598 |
| 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 | $93,687 |
| Fees for services: Legal | $4,800 |
| Fees for services: Accounting | $10,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $163,223 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,725 |
| Information technology | $13,440 |
| Royalties | $0 |
| Occupancy | $20,191 |
| Travel | $109 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,508 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,208 |
| All other expenses | $0 |
| Total functional expenses | $2,432,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,036 |
| Savings and temporary cash investments | $634,414 |
| 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 | $2,633 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $65,088,851 |
| Investments—other securities | $23,566,481 |
| Investments—program-related | $0 |
| Intangible assets | $72,775 |
| Other assets | $212,719 |
| Total assets | $89,607,909 |
| Accounts payable and accrued expenses | $56,557 |
| 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 | $76,352 |
| Total liabilities | $132,909 |
| Net assets without donor restrictions | $89,475,000 |
| 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 | $89,607,909 |
Grants Awarded
Over the last fiscal year, Davis Family Foundation has awarded $1,948,355 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
TELLING ROOM PURPOSE: Build Capacity of Literary Arts Education Programs | $6,000 |
CARIBOU HISTORICAL SOCIETY PURPOSE: Digital Equity Senior Docent Project | $7,000 |
WATERSHED CENTER FOR THE CERAMIC ARTS PURPOSE: Watershed Studio Surge Suppression System | $7,000 |
DANCE HALL PURPOSE: 2023 Django by the Sea Gypsy Jazz Festival | $7,500 |
MAINE PRESERVATION PURPOSE: Curriculum Development for Community Preservation Youth Programs | $7,500 |
TOWN OF ASHLAND (ASHLAND AMBULANCE SERVICE) PURPOSE: Video Laryngoscopes | $7,613 |