Mcdavid Foundation
- Assets
- $2.4m
- Revenue
- $218.4k
- Investments
- $2.4m
- Employees
- 0
- Location
- Gallatin, TN
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 55-0730152
Organization Overview
Mcdavid Foundation is located in Gallatin, TN. The organization was established in 1994. 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. Mcdavid 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 12/2021, Mcdavid Foundation generated $218.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $167.8k during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 6 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, Mcdavid Foundation has awarded 41 individual grants totaling $318,053. 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 |
|---|---|---|---|
Bradford A Mcdavid President | 0.5 | $0 | |
Diana L Long Secretary/treasurer | 0.5 | $0 | |
Sandra Mcdavid Director | 0.5 | $0 | |
Dean Haakenson Director | 0.5 | $0 | |
Anne R Haakenson Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $139,577 |
| Capital Gain Net Income | $139,577 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $218,379 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,201 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,501 |
| Contributions, gifts, grants paid | $160,325 |
| Total expenses and disbursements | $167,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,368 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,383,111 |
| 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, Mcdavid Foundation has awarded $160,325 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CAMC FOUNDATION PURPOSE: GENERAL PURPOSES: 25K TOWARDS THE CENTER FOR LEARNING AND RESEARCH; 25K TO SUPPORT THE HOSPITALITY HOUSE ENDOWMENT FUND | $50,000 |
AMERICAN RED CROSS PURPOSE: GENERAL PURPOSES: SPECIFICALLY EARMARKED TO SUPPORT TORNADO RELIEF IN WESTERN KENTUCKY | $34,000 |
Lyons, CO PURPOSE: GENERAL PURPOSES: OFFERS A HUMAN SERVICES SAFETY NET TO THOSE IN NEED IN THE GREATER LYONS AREA. | $30,000 |
Duarte, CA PURPOSE: GENERAL PURPOSES: TO FUND BREAKTHROUGH DISCOVERIES AND SIGNIFICANT ADVANCES IN CANCER AND DIABETES, INNOVATIVE PATIENT THERAPIES AND EXPERT, COMPASSIONATE CARE. | $15,000 |
ST JOHNS HEALTH CENTER FOUNDATION PURPOSE: GENERAL PURPOSES: TO PROVIDE LEADERSHIP AND PHILANTHROPIC SUPPORT TO PROVIDENCE SAINT JOHNS HEALTH CENTER, SAINT JOHNS CANCER INSTITUTE AND PACIFIC NEUROSCIENCE INSTITUTE, THAT SERVE AS CATALYSTS FOR EXCEPTIONAL HEALTH CARE AND RESEARCH. | $15,000 |
COLORADO OUTWARD BOUND SCHOOL PURPOSE: GENERAL PURPOSES: TO PROVIDE NEW OPPORTUNITIES TO STUDENTS | $7,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |