John R & M Margrite Davis Foundation
- Assets
- $6.2m
- Revenue
- $315.0k
- Investments
- $6.0m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 03/1957
- Data as of
- 12/2022
- EIN
- 38-6058593
Organization Overview
John R & M Margrite Davis Foundation is located in Bloomfield Hills, MI. The organization was established in 1957. 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. John R & M Margrite 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 12/2022, John R & M Margrite Davis Foundation generated $315.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $794.3k during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 7 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 2016, John R & M Margrite Davis Foundation has awarded 381 individual grants totaling $4,536,500. 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 |
|---|---|---|---|
Raymond C Cunningham Jr Trustee | 5 | $0 | |
Leslie R Moore Trustee | 0 | $0 | |
Deborah Sue Cunningham Sec/treas/trutee | 10 | $25,000 | |
James H Loprete Trustee | 1 | $0 | |
Mary M Lyneis Trustee | 1 | $0 | |
John C Cunningham President | 1 | $12,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34 |
| Dividends & Interest | $196,839 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $118,159 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $315,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,886 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,157 |
| Printing and publications | $0 |
| Other expenses | $1,794 |
| Total operating and administrative expenses | $58,258 |
| Contributions, gifts, grants paid | $736,000 |
| Total expenses and disbursements | $794,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,768 |
| Savings and temporary cash investments | $50,888 |
| 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 | $1,225,064 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,156,379 |
| 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, John R & M Margrite Davis Foundation has awarded $736,000 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
ALL HANDS AND HEARTS PURPOSE: CHARITABLE | $20,000 |
GLEANER'S FOOD BANK PURPOSE: CHARITABLE | $2,500 |
ADRIAN DOMINICAN SISTERS PURPOSE: RELIGIOUS | $5,000 |
AMERICARE PURPOSE: CHARITABLE | $25,000 |
HARVEST HOPE FOOD BANK PURPOSE: CHARITABLE | $1,000 |
CARE PURPOSE: GENERAL CHARITABLE | $25,000 |