Blechman-David Foundation Inc
- Assets
- $3.0m
- Revenue
- $171.3k
- Investments
- $2.0m
- Employees
- 0
- Location
- Newport News, VA
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 54-1839135
Organization Overview
Blechman-David Foundation Inc is located in Newport News, VA. The organization was established in 1997. 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. Blechman-David Foundation Inc 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, Blechman-David Foundation Inc generated $171.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $237.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Blechman-David Foundation Inc has awarded 58 individual grants totaling $951,750. 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 |
|---|---|---|---|
Edward David Vice Preside | 0 | $0 | |
Elizabeth David Director | 0 | $0 | |
J William David Director | 0 | $0 | |
Joshua David Director | 0 | $0 | |
Gregory David Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,700 |
| Interest on Savings | $56,437 |
| Dividends & Interest | $42,975 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,425 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,792 |
| Total Revenue | $171,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $202 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,474 |
| Total operating and administrative expenses | $21,781 |
| Contributions, gifts, grants paid | $215,800 |
| Total expenses and disbursements | $237,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119 |
| Savings and temporary cash investments | $1,026,794 |
| 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 | $1,123,248 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,033,726 |
| 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, Blechman-David Foundation Inc has awarded $215,800 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $100 |
AGAINST MALARIA FOUNDATION PURPOSE: GENERAL SUPPORT | $100 |
PENINSULA SPCA PURPOSE: GENERAL SUPPORT | $100 |
NATL ALLIANCE TO END HOMELESSNESS PURPOSE: GENERAL SUPPORT | $100 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: GENERAL SUPPORT | $100 |
CRITICAL ROLE FOUNDATION PURPOSE: GENERAL SUPPORT | $100 |