R L Davis Charitable Trust Fund Incorporated
- Assets
- $862.4k
- Revenue
- $66.0k
- Investments
- $857.3k
- Employees
- 0
- Location
- Farmville, NC
- Founding
- 02/1944
- Data as of
- 10/2023
- EIN
- 56-6045863
Organization Overview
R L Davis Charitable Trust Fund Incorporated is located in Farmville, NC. The organization was established in 1944. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. R L Davis Charitable Trust Fund Incorporated 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 10/2023, R L Davis Charitable Trust Fund Incorporated generated $66.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $45.4k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, R L Davis Charitable Trust Fund Incorporated has awarded 100 individual grants totaling $122,009. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDICINE AND MEDICAL TREATMENT TO THE POOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Bert Warren Jr Chairman | 1 | $0 | |
Deborah R Terrell Secretary/tr | 15 | $9,600 | |
John Moore Vice Chairma | 0.5 | $0 | |
Chris Edwards Director | 0.5 | $0 | |
Kearney Long Director | 0.5 | $0 | |
David Shackleford Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,370 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,523 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,141 |
| Capital Gain Net Income | $30,141 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,034 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $734 |
| Interest | $0 |
| Taxes | $2,186 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $123 |
| Printing and publications | $0 |
| Other expenses | $10,073 |
| Total operating and administrative expenses | $24,911 |
| Contributions, gifts, grants paid | $20,514 |
| Total expenses and disbursements | $45,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,041 |
| 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 | $862,384 |
| Accounts payable and accrued expenses | $4,507 |
| 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 | $871 |
| Total liabilities | $5,378 |
Grants Awarded
Over the last fiscal year, R L Davis Charitable Trust Fund Incorporated has awarded $20,514 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ALBEMARLE ORTHOTICS PROSTHETICS PURPOSE: MEDICAL | $360 |
CAROLINA VISION CENTER PURPOSE: MEDICAL | $475 |
DRS WARREN AND HARDEE DDS PURPOSE: MEDICAL | $2,100 |
EASTERN CAROLINA FOOT ANKLE SPEC PURPOSE: MEDICAL | $40 |
EASTERN EYE CARE PURPOSE: MEDICAL | $500 |
ECU HEALTH PURPOSE: MEDICAL | $837 |