Ione C Davis Trust
- Assets
- $2.8m
- Revenue
- $427.4k
- Investments
- $2.6m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 35-6413272
Organization Overview
Ione C Davis Trust is located in Birmingham, AL. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Ione C Davis Trust 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 12/2021, Ione C Davis Trust generated $427.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.4% each year . All expenses for the organization totaled $249.6k during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 4 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $75,323 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $352,096 |
| Capital Gain Net Income | $352,096 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $427,419 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,364 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,195 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $878 |
| Total operating and administrative expenses | $57,952 |
| Contributions, gifts, grants paid | $191,670 |
| Total expenses and disbursements | $249,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $150,093 |
| 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 | $2,639,628 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,789,721 |
| 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, Ione C Davis Trust has awarded $191,670 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PURDUE UNIV DIRECTOR OF PLANNED GIVING PURPOSE: GENERAL OPERATING | $76,668 |
INDIANA UNIV SCHOOL OF MEDICINE PURPOSE: SCHOLARSHIPS | $38,334 |
AMERICAN RED CROSS HEADQUARTERS PURPOSE: GENERAL OPERATING | $38,334 |
Hoffman Estates, IL PURPOSE: GENERAL OPERATING | $19,167 |
ST VINCENT FRANKFORT HOSP FOUND PURPOSE: GENERAL OPERATING | $19,167 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Metro Atlanta Collaborative Inc Atlanta, GA | $93,266,962 | $86,228,529 |
Early Learning Coalition Of Pasco And Hernando Counties Inc Spring Hill, FL | $3,978,920 | $41,918,808 |
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Pinellas County Education Foundation Inc Largo, FL | $46,058,719 | $8,082,359 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
Excelsior Academies Inc Miami, FL | $11,544,923 | $8,167,644 |
Mr & Mrs E H Sumners Foundation Jackson, MS | $72,595,869 | $8,309,284 |
Brevard Schools Foundation Inc Viera, FL | $7,221,686 | $4,889,607 |