Champion Mcdowell Davis Charitable Fdn
- Assets
- $16.1m
- Revenue
- $509.7k
- Investments
- $16.1m
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 56-6055716
Organization Overview
Champion Mcdowell Davis Charitable Fdn is located in Wilmington, NC. The organization was established in 2009. 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. Champion Mcdowell Davis Charitable Fdn 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, Champion Mcdowell Davis Charitable Fdn generated $509.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Champion Mcdowell Davis Charitable Fdn has awarded 75 individual grants totaling $10,485,255. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A - NO DIRECT CHARITABLE ACTIVITIES CONDUCTED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Pace President | 1 | $1,500 | |
Patricia Jenkins Vice President | 1 | $1,500 | |
Tom Dodson Treasurer | 1 | $1,500 | |
William Oj Lynch Secretary | 1 | $1,500 | |
William H Cameron Trustee | 1 | $1,500 | |
Katherine T Cammack Trustee | 1 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $539 |
| Dividends & Interest | $583,675 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$74,480 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $509,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,125 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,975 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,232 |
| Total operating and administrative expenses | $113,392 |
| Contributions, gifts, grants paid | $978,000 |
| Total expenses and disbursements | $1,091,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,212 |
| Savings and temporary cash investments | $31,672 |
| 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 | $16,076,338 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,125,222 |
| 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, Champion Mcdowell Davis Charitable Fdn has awarded $978,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CN DAVIS HEALTHCARE CENTER PURPOSE: CHARITABLE SUPPORT | $800,000 |
LOWER CAPE FEAR LIFE CARE PURPOSE: CHARITABLE SUPPORT | $52,500 |
Wilmington, NC PURPOSE: CHARITABLE SUPPORT | $45,000 |
Wilmington, NC PURPOSE: CHARITABLE SUPPORT | $36,000 |
HARRELSON CENTER HELP HUB PURPOSE: CHARITABLE SUPPORT | $20,000 |
STEPUP WILMINGTON PURPOSE: CHARITABLE SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |