Smith And Davis Foundation Inc
- Assets
- $0.0
- Revenue
- $55.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Mocksville, NC
- Founding
- 12/2009
- Data as of
- 06/2020
- EIN
- 26-2873407
Organization Overview
Smith And Davis Foundation Inc is located in Mocksville, NC. The organization was established in 2009. 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. Smith And Davis 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 06/2020, Smith And Davis Foundation Inc generated $55.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $88.5k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 4 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 |
|---|---|---|---|
John Singleton Director | 0 | $8,000 | |
Amelia Latham Director | 0 | $1,000 | |
Michelle Lee Fishel Myers Director | 0 | $1,000 | |
Jansen G Mcdaniel Director | 0 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,319 |
| Dividends & Interest | $42,250 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $276 |
| Travel, conferences, and meetings | $478 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $28,002 |
| Contributions, gifts, grants paid | $60,500 |
| Total expenses and disbursements | $88,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,125,512 |
| Other assets | $900 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Smith And Davis Foundation Inc has awarded $60,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
DRAGON FLY HOUSE PURPOSE: SERVICES | $9,000 |
DAVIE BOARD OF EDUCATION PURPOSE: SERVICES | $9,000 |
FRANKLIN PRESBYTERIAN CHURCH PURPOSE: SERVICES | $6,000 |
Mocksville, NC PURPOSE: SERVICES | $6,000 |
Mocksville, NC PURPOSE: SERVICES | $3,000 |
DAVIE COUNTY LIBRARY PURPOSE: SERVICES | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Robert H Smith Family Foundation Arlington, VA | $10,315,724 | -$3,599,936 |