Emmanuel And Ofelia David Foundation
- Assets
- $3.3m
- Revenue
- $404.0k
- Investments
- $2.3m
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 12/2009
- Data as of
- 12/2022
- EIN
- 26-2919129
Organization Overview
Emmanuel And Ofelia David Foundation is located in Torrance, CA. The organization was established in 2009. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Emmanuel And Ofelia David 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 12/2022, Emmanuel And Ofelia David Foundation generated $404.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $149.9k during the year ending 12/2022. While expenses have increased by 5.0% 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.
Since 2015, Emmanuel And Ofelia David Foundation has awarded 565 individual grants totaling $692,769. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS FOUNDATION ADMINISTERS A GRANT PROGRAM, AND DOES NOT ENGAGE IN DIRECT CHARITABLE ACTIVITIES AS DEFINED UNDER SECTION 4942(J)(3). THEREFORE,THERE ARE NO DIRECT CHARITABLE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emmanuel B David President & CEO | 1 | $0 | |
Ofelia T David Vice President | 1 | $0 | |
Brandie David Kaneshiro Treasurer | 1 | $0 | |
Maria E David-Martinez Asst Secretary | 1 | $0 | |
Emmanuel T John David U.s. Manager | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $286,288 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,162 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,201 |
| Capital Gain Net Income | $39,201 |
| Net ST Capital Gain | $2,551 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,342 |
| Total Revenue | $403,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,650 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $21,898 |
| Printing and publications | $0 |
| Other expenses | $1,321 |
| Total operating and administrative expenses | $78,005 |
| Contributions, gifts, grants paid | $71,931 |
| Total expenses and disbursements | $149,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,208 |
| Savings and temporary cash investments | $255,478 |
| 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 | $294,065 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,314,323 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $3,327,075 |
| 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, Emmanuel And Ofelia David Foundation has awarded $71,931 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
GENEMAE ALLEGO PURPOSE: EDUCATIONAL-SCHOLARSHIP-SEE ATTACHED "EXPENDITURE RESPONSIBILITY" STATEMENT ATTACHED PER REG 53.4945-5(D) | $241 |
ROSEMEL ABRIA PURPOSE: EDUCATIONAL-SCHOLARSHIP-SEE ATTACHED "EXPENDITURE RESPONSIBILITY" STATEMENT ATTACHED PER REG 53.4945-5(D) | $763 |
GRECEE JOY ABELONG PURPOSE: EDUCATIONAL-SCHOLARSHIP-SEE ATTACHED "EXPENDITURE RESPONSIBILITY" STATEMENT ATTACHED PER REG 53.4945-5(D) | $73 |
ERVITA ALBURON PURPOSE: EDUCATIONAL-SCHOLARSHIP-SEE ATTACHED "EXPENDITURE RESPONSIBILITY" STATEMENT ATTACHED PER REG 53.4945-5(D) | $73 |
WENDELL ALGORDO PURPOSE: EDUCATIONAL-SCHOLARSHIP-SEE "EXPENDITURE RESPONSIBILITY" STMT ATTCHD PER REG 53.4945-5(D) | $144 |
ELVIN ADVINCULA PURPOSE: EDUCATIONAL-SCHOLARSHIP-SEE "EXPENDITURE RESPONSIBILITY" STMT ATTCHD PER REG 53.4945-5(D) | $153 |