Happy Davis Foundation
- Assets
- $2.7m
- Revenue
- $151.5k
- Investments
- $2.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 20-3246052
Organization Overview
Happy Davis Foundation is located in Wilmington, DE. The organization was established in 2008. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Happy Davis 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, Happy Davis Foundation generated $151.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $36.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (56.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Davis Dir, VP | 1 | $0 | |
Ray C Davis Pres, Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $667 |
| Dividends & Interest | $97,479 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,363 |
| Capital Gain Net Income | $53,363 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $151,509 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,619 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,260 |
| Total operating and administrative expenses | $21,879 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $36,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,489 |
| 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 | $2,666,610 |
| 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, Happy Davis Foundation has awarded $180,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DALLAS MARGARITA SOCIETY INC PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
TEXOMA HEALTH FOUNDATION PURPOSE: REBA'S RANCH HOUSE PROJECT | $10,000 |
WINE TO WATER PURPOSE: GENERAL & UNRESTRICTED | $150,000 |