Mcdavid Foundation
- Assets
- $2.4m
- Revenue
- $180.1k
- Investments
- $2.4m
- Employees
- 0
- Location
- Gallatin, TN
- Founding
- 04/1994
- Data as of
- 12/2022
- 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 12/2022, Mcdavid Foundation generated $180.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $126.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mcdavid Foundation has awarded 59 individual grants totaling $520,037. 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 | |
Anne R Haakenson Director | 0.5 | $0 | |
Dean Haakenson Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,364 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $134,730 |
| Capital Gain Net Income | $134,730 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $180,094 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,999 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6 |
| Total operating and administrative expenses | $9,165 |
| Contributions, gifts, grants paid | $117,084 |
| Total expenses and disbursements | $126,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,879 |
| 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 | $2,436,956 |
| 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 $117,084 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CAMC FOUNDATION PURPOSE: TO SUPPORT THE HOSPITALITY HOUSE ENDOWMENT FUND | $17,500 |
CITY OF HOPE PURPOSE: TO SUPPORT THE PROGRAM | $25,000 |
LYONS EMERGENCY ASSISTANCE FUND PURPOSE: TO SUPPORT THE PROGRAM | $12,500 |
RECOVERY POINT PURPOSE: TO SUPPORT THE NEEDS OF INDIVIDUAL WOMEN WORKING THOUGH THE PROGRAM; SUPPLY EYEGLASSES, FEMININE HYGIENE PRODUCTS, ETC | $5,000 |
ST JOHNS HEALTH CENTER FOUNDATION PURPOSE: TO BE USED FOR DIRECT SERVICES | $22,500 |
4 PAWS FOR ABILITY PURPOSE: TO SUPPORT THE PROGRAM | $2,500 |