Mr Davids Foundation
- Assets
- $101.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Itasca, IL
- Founding
- 02/2016
- Data as of
- 12/2020
- EIN
- 46-5528922
Organization Overview
Mr Davids Foundation is located in Itasca, IL. The organization was established in 2016. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Mr Davids 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, Mr Davids Foundation generated $18.0k 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 (36.0%) each year. All expenses for the organization totaled $80.8k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
"MR. DAVID'S CHALLENGE" IS THE FOUNDATION'S ANNUAL FUNDRAISING EVENT WHICH IS COMPRISED OF AN 18.4 MILE BIKE RIDE AND A 5K FAMILY-FRIENDLY RUN/WALK. THE GOAL OF THESE ACTIVITIES IS TO INCREASE AWARENESS AND RAISE FUNDS FOR COMMUNITY INITIATIVES AND RESOURCES THAT MAY HAVE A SIGNIFICANT IMPACT ON THE RESIDENTS IN CHICAGOLAND. .IN 2016, THE FOUNDATION SELECTED ALEXIAN BROTHERS FOUNDATION (NOW AMITA HEALTH FOUNDATION) AS ITS PRIMARY COMMUNITY PARTNER, PLEDGING TO DONATE $50,000 FOR THEIR INITIATIVES AT THE AMITA ALEXIAN BROTHERS BEHAVIORAL HEALTH HOSPITAL IN HOFFMAN ESTATES, ILLINOIS. THE BEHAVIORAL HEALTH HOSPITAL TREATS HUNDREDS OF COMMUNITY MEMBERS EVERY DAY, MANY BEING TEENAGERS AND CHILDREN..THEIR INITIATIVES INCLUDE EXPANDING AUTISM SERVICES AND BUILDING TRANSITIONAL HOUSING FOR THOSE WHO REMAIN UNDER CARE FOR THEIR MENTAL ILLNESSES BUT DESIRE TO EVENTUALLY LIVE INDEPENDENTLY..THE NEED FOR EXPANDED MENTAL ILLNESS SERVICES CONTINUES TO IMPACT THE LOCAL COMMUNITY. ACCORDINGLY, MR. DAVID'S FLOORING CHARITY FOUNDATION CONTINUES TO PARTNER WITH THE AMITA ALEXIAN BROTHERS FOUNDATION. .THE ANNUAL FUNDRAISER WAS NOT HELD IN 2020 DUE TO THE COVID-19 PANDEMIC. HOWEVER, AS ORIGINALLY PLEDGED, THE FOUNDATION MADE AN ANNUAL DONATION IN THE AMOUNT OF $60,000 TO INCREASE AWARENESS AND RESOURCES FOR THE MENTALLY ILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Schmidt President | 30 | $0 | |
Kevin Isken Vice President | 10 | $0 | |
Sherri Mckinney Secretary | 10 | $0 | |
Kristina Russell Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,030 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,030 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,160 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,572 |
| Total expenses | $80,757 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,428 |
| Other assets | $0 |
| Total assets | $101,428 |
| Total liabilities | $0 |
| Net assets or fund balances | $101,428 |