Davie Community Foundation Inc

Organization Overview

Davie Community Foundation Inc is located in Mocksville, NC. The organization was established in 1990. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Davie Community Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davie Community 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 12/2021, Davie Community Foundation Inc generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.0% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 11.5% per year over the past 7 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 2014, Davie Community Foundation Inc has awarded 272 individual grants totaling $5,488,989. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE PHILANTHROPY IN THE COMMUNITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE DAVIE COMMUNITY FOUNDATION PROMOTES A SPIRIT OF GIVING WITHIN THE COMMUNITY AND WORKS TO BUILD AN ENDOWMENT WHOSE GRANTS MAKE LIFE BETTER FOR ALL DAVIE COUNTY CITIZENS


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Board, Officers & Key Employees

Name (title)Compensation
Jane Simpson
Pres And CEO
$98,100
Phillip Fuller
Chair
$0
Brian Nicolay
Secretary
$0
Lisa Featherngill
Treasurer
$0
Jennifer Hanes
Vice Chair
$0
Candice Poplin
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$19,400
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,055,784
Noncash contributions included in lines 1a–1f $1,152,384
Total Revenue from Contributions, Gifts, Grants & Similar$3,075,184
Total Program Service Revenue$0
Investment income $3,377,731
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $35,562
Net Income from Fundraising Events -$7,720
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,571,084

Grants Awarded

Over the last fiscal year, Davie Community Foundation Inc has awarded $1,087,694 in support to 48 organizations.

Grant RecipientAmount

Chapel Hill, NC

PURPOSE: SCHOLARSHIPS

$132,394

EPICOPAL CHURCH OF THE ASCENSION

Org PageRecipient Profile

Advance, NC

PURPOSE: GENERAL SUPPORT

$102,840

DAVIDSON-DAVIE COMMUNITY COLLEGE

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$69,003

DAVIE COUNTY SCHOOLS

PURPOSE: EDUCATIONAL SUPPORT

$64,420

DAVIE COUNTY ECONOMIC DEVELOPMENT

Org PageRecipient Profile

Mocksville, NC

PURPOSE: GENERAL SUPPORT

$47,880

SMITH GROVE CEMETARY

PURPOSE: GENERAL SUPPORT

$46,640
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Davie Community Foundation Inc has recieved totaling $128,779.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$32,650
The Duke Energy Foundation

Charlotte, NC

PURPOSE: VIBRANT ECONOMIES

$25,000
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES

$20,000
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$17,500
Margaret C Woodson Foundation Incorporated

Charlotte, NC

PURPOSE: IGNITE DAVIE (REISSUE FOR STOP/LOST CHECK 2646)

$15,000
Davie County Chamber Of Commerce Inc

Mocksville, NC

PURPOSE: SUPPORT IGNITE DAVIE EDUCATIONAL PROGRAM

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$19,934,581
Earnings$3,324,946
Admin Expense$270,108
Net Contributions$2,348,620
Other Expense$8,540
Grants$1,489,699
Ending Balance$24,245,039

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