Westmoreland Davis Memorial Foundation Inc
- Assets
- $20.1m
- Revenue
- $5.0m
- Investments
- $1.8m
- Employees
- 0
- Location
- Leesburg, VA
- Founding
- 03/1957
- Data as of
- 12/2022
- EIN
- 13-6170029
Organization Overview
Westmoreland Davis Memorial Foundation Inc is located in Leesburg, VA. The organization was established in 1957. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Westmoreland Davis Memorial Foundation Inc 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 12/2022, Westmoreland Davis Memorial Foundation Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $4.5m during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORVEN PARK MAINTENANCE, RESTORATION AND IMPROVEMENTS
MORVEN PARK EVENTS
HISTORY, EDUCATION AND RECREATIONAL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Metcalfe Executive Director, Secretary | 40 | $210,774 | |
Suzanne Musgrave Director Of Engageme | 40 | $123,509 | |
Charles Woodward Director Of Building | 40 | $111,977 | |
Jana Shafagoj Director Of Preserva | 40 | $108,420 | |
Katie Needham Chief Financial Offi | 40 | $91,451 | |
Tamas Fellegi Carpenter | 40 | $68,819 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,960,487 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,099 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,054,301 |
| Total Revenue | $5,049,180 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $210,774 |
| Other employee salaries and wages | $1,422,787 |
| Pension plans, employee benefits | $228,986 |
| Interest | $0 |
| Taxes | $123,887 |
| Depreciation | $729,202 |
| Occupancy | $191,448 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,612,764 |
| Total operating and administrative expenses | $4,519,848 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,519,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $751,085 |
| Savings and temporary cash investments | $1,074,171 |
| Net Accounts receivable | $232,287 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $333,047 |
| Net Land, buildings, and equipment | $16,211,104 |
| Other assets | $25,979 |
| Total assets | $20,055,244 |
| Accounts payable and accrued expenses | $310,981 |
| Grants payable | $0 |
| Deferred revenue | $12,354 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $371,156 |
| Total liabilities | $694,491 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Westmoreland Davis Memorial Foundation Inc has recieved totaling $29,310.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $12,155 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $12,155 |
William Howard Flowers Jr Thomasville, GA PURPOSE: OPERATING EXPENSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |