Davenport-Hatch Foundation Inc
- Assets
- $39.0m
- Revenue
- $2.0m
- Investments
- $38.1m
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 08/1953
- Data as of
- 05/2024
- EIN
- 16-6027105
Organization Overview
Davenport-Hatch Foundation Inc is located in Rochester, NY. The organization was established in 1953. 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. Davenport-Hatch 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 05/2024, Davenport-Hatch Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.6m during the year ending 05/2024. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas F Taylor Director | 0 | $4,200 | |
A Thomas Hildebrandt Director | 0 | $4,200 | |
David H Taylor Sr Director | 0 | $1,400 | |
Mary Hildebrandt Director | 0 | $3,500 | |
William Knoble Director | 0 | $4,200 | |
Shirley Warren Director | 0 | $3,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,160,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $888,637 |
| Capital Gain Net Income | $888,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $75,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,048,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,300 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43,887 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $234,463 |
| Total operating and administrative expenses | $330,990 |
| Contributions, gifts, grants paid | $2,317,254 |
| Total expenses and disbursements | $2,648,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $917,137 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $38,980,372 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Davenport-Hatch Foundation Inc has awarded $1,823,677 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED SCHEDULE PURPOSE: SEE ATTACHED DETAIL | $1,653,800 |
EASTMAN SCHOOL OF MUSIC PURPOSE: HATCH RECITAL HALL 10,040 SHARES OF KNOWLES CORP STOCK | $169,877 |