Carl A Davis And Lois E Davis Foundation
- Assets
- $51.8m
- Revenue
- $1.7m
- Investments
- $50.3m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/2011
- Data as of
- 12/2023
- EIN
- 37-1648116
Organization Overview
Carl A Davis And Lois E Davis Foundation is located in Houston, TX. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Carl A Davis And Lois E 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, Carl A Davis And Lois E Davis Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Carl A Davis And Lois E Davis Foundation has awarded 282 individual grants totaling $39,898,845. 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 |
|---|---|---|---|
Lois E Davis Director | 1 | $0 | |
Charlotte Davis Laker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $531,919 |
| Dividends & Interest | $1,418,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$261,941 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42 |
| Total Revenue | $1,688,123 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,751 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,851 |
| Total operating and administrative expenses | $58,602 |
| Contributions, gifts, grants paid | $1,882,465 |
| Total expenses and disbursements | $1,941,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,853 |
| Savings and temporary cash investments | $995,657 |
| 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 | $30,183,352 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,783,572 |
| 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, Carl A Davis And Lois E Davis Foundation has awarded $1,882,465 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE DEFENDING FREEDOM PURPOSE: OPERATING SUPPORT | $10,000 |
ARCHDIOCESE FOR MILITARY SERVICES USA PURPOSE: OPERATING SUPPORT | $110,175 |
CATHOLIC ANSWERS PURPOSE: OPERATING SUPPORT | $1,000 |
CATHOLIC CHARITIES PURPOSE: OPERATING SUPPORT | $5,000 |
CATHOLIC LEAGUE PURPOSE: OPERATING SUPPORT | $2,000 |
CHRISTUS FOUNDATION PURPOSE: OPERATING SUPPORT | $12,500 |