David Foundation
- Assets
- $6.9m
- Revenue
- $91.2k
- Investments
- $5.7m
- Employees
- 0
- Location
- The Woodlands, TX
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 45-4231257
Organization Overview
David Foundation is located in The Woodlands, TX. The organization was established in 2014. 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. 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, David Foundation generated $91.2k 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 (45.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David Foundation has awarded 29 individual grants totaling $4,127,568. 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 |
|---|---|---|---|
Jonathan David Chairman/director | 2 | $0 | |
S Bradley Cooper Secretary/ Director | 1 | $0 | |
Shlomo Berihun President | 56 | $120,007 | |
Alan Hedengren Treasurer/director | 3 | $0 | |
Michael Hinckley Vice President/ Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $91,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8 |
| Capital Gain Net Income | $8 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91,239 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,007 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $117 |
| Depreciation | $616 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,372 |
| Printing and publications | $0 |
| Other expenses | $121,034 |
| Total operating and administrative expenses | $269,919 |
| Contributions, gifts, grants paid | $804,556 |
| Total expenses and disbursements | $1,074,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,153,703 |
| Savings and temporary cash investments | $0 |
| 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 | $5,712,231 |
| Net Land, buildings, and equipment | $925 |
| Other assets | $1,341 |
| Total assets | $6,868,200 |
| 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, David Foundation has awarded $804,556 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FOX CHASE CANCER CENTER - INSTITUTE FOR CLINICAL RESEARCH PURPOSE: TO FUND ORGANIZATION'S EXEMPT PURPOSE. | $149,856 |
TECHNION RESEARCH & DEV FOUNDATION LTD PURPOSE: TO FUND ORGANIZATION'S EXEMPT PURPOSE | $29,700 |
LEADERS OF THE FUTURE PURPOSE: TO FUND ORGANIZATION'S EXEMPT PURPOSE. | $500,000 |
ISRAEL TENNIS CENTERS FOUNDATION PURPOSE: TO FUND ORGANIZATION'S EXEMPT PURPOSE. | $100,000 |
FRIENDS OF ATIDIM PURPOSE: TO FUND ORGANIZATIONS'S PURPOSE. | $25,000 |