Henry & Sidney T Davenport Educational Fund
- Assets
- $0.0
- Revenue
- $22.7k
- Investments
- $326.8k
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 06/1976
- Data as of
- 06/2022
- EIN
- 23-7422939
Organization Overview
Henry & Sidney T Davenport Educational Fund is located in Detroit, MI. The organization was established in 1976. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henry & Sidney T Davenport Educational Fund 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 06/2022, Henry & Sidney T Davenport Educational Fund generated $22.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $54.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Henry & Sidney T Davenport Educational Fund has awarded 21 individual grants totaling $297,979. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Comerica Bank Trustee | 1 | $5,278 | |
Dr Kathryn Brake Chairman Of Distr Committee | 0 | $0 | |
Velma Johnson Member - Distr Committee | 0 | $0 | |
Dennis Joiner Member - Distr Committee | 0 | $0 | |
Delton Farmer Member - Distr Committee | 0 | $0 | |
Dr Shelton Jefferies Superintendent & Member - Distr Committee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $14,062 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,673 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,278 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $24,073 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $54,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Henry & Sidney T Davenport Educational Fund has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH CAROLINA WESLEYAN COLLEGE PURPOSE: EDUCATIONAL SCHOLARSHIP | $18,000 |
EDGECOMBE COMMUNITY COLLEGE FOUNDATION PURPOSE: EDUCATIONAL SCHOLARSHIP | $6,000 |
NASH COMMUNITY COLLEGE FOUNDATION PURPOSE: EDUCATIONAL SCHOLARSHIP | $6,000 |