Davenport Family Foundation is located in Wake Forest, NC. The organization was established in 2014. 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. Davenport Family 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 12/2020, Davenport Family Foundation generated $7.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (42.3%) each year. All expenses for the organization totaled $5.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (46.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Roger L Davenport Chairperson | 1 | $0 | |
Riley Nicole Davenport Board Member | 1 | $0 | |
Julie L Davenport Vice Chairperson | 1 | $0 | |
Lauren Davenport Secretary | 1 | $0 | |
Sarah Davenport Treasurer | 1 | $0 | |
Devin Elizabeth Davenport Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $3,226 |
Interest on Savings | $0 |
Dividends & Interest | $3,750 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $622 |
Capital Gain Net Income | $622 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $7,598 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $1 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $202 |
Total operating and administrative expenses | $203 |
Contributions, gifts, grants paid | $5,000 |
Total expenses and disbursements | $5,203 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $49 |
Net Accounts receivable | $9,322 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $90,906 |
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 |
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