The Davis-Molony Fund
- Assets
- $2.3m
- Revenue
- $107.0k
- Investments
- $2.3m
- Employees
- 0
- Location
- Slidell, LA
- Founding
- 09/1947
- Data as of
- 06/2021
- EIN
- 72-0423615
Organization Overview
The Davis-Molony Fund is located in Slidell, LA. The organization was established in 1947. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davis-Molony Fund 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 06/2021, Davis-Molony Fund generated $107.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $121.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Davis-Molony Fund has awarded 116 individual grants totaling $744,366. 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 |
|---|---|---|---|
Wade Verges President | 1 | $0 | |
A Sherwood Platt Vice President | 1 | $0 | |
Joan Burke Secretary | 1 | $0 | |
John F Schwegmann Vice President | 1 | $0 | |
Bryan Duplantier Treasurer | 1 | $0 | |
William Cherbonnier Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,664 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,443 |
| Capital Gain Net Income | $8,443 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $854 |
| Total Revenue | $106,961 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,919 |
| Total operating and administrative expenses | $27,619 |
| Contributions, gifts, grants paid | $93,500 |
| Total expenses and disbursements | $121,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,748 |
| 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 | $615 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,325,318 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,328,681 |
| Accounts payable and accrued expenses | $5,700 |
| 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 | $11,664 |
| Total liabilities | $17,364 |
Grants Awarded
Over the last fiscal year, The Davis-Molony Fund has awarded $93,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ST PIUS PURPOSE: TO ASSIST THE ORGANIZATION IN THEIR CHARITABLE PURPOSE. | $10,000 |
New Orleans, LA PURPOSE: TO PROMOTE THE HEALTH & WELL-BEING OF CHILDREN W/ DISABILITIES THROUGH ORGANIZED SPORTS LEAGUES | $10,000 |
SECOND HARVEST FOOD BANK PURPOSE: TO PROVIDE FOOD DISTRIBUTION PROGRAMS, COMMUNITY MEAL SERVICE, NUTRITION EDUCATION & PUBLIC BENEFITS ASSISTANCE | $10,000 |
ST VINCENT DEPAUL SOCIETY PURPOSE: CATHOLIC ORGANIZATION TO HELP THOSE WHO ARE NEEDY AND SUFFERING | $10,000 |
COOPER LIFE FUND PURPOSE: TO AID CHILDREN & FAMILIES OF CHILDREN BORN W/ HEART DEFECTS & OTHER SERIOUS MEDICAL CONDITIONS | $10,000 |
Metairie, LA PURPOSE: TO PROVIDE ONGOING SUPPORT SERVICES TO CHILDREN W/ LIFE THREATENING ILLNESSES & THEIR FAMILIES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Service Center Region Xiii Austin, TX | $57,202,932 | $81,882,395 |
Life School Of Dallas Red Oak, TX | $119,776,308 | $72,202,880 |
Austin Achieve Public Schools Inc Austin, TX | $59,873,760 | $31,154,261 |
National Math And Science Initiative Inc Dallas, TX | $26,216,573 | $26,013,416 |
Wayside Schools Austin, TX | $44,220,999 | $24,827,897 |
Arkansas Connections Academy Inc Bentonville, AR | $3,114,083 | $20,599,824 |
Austin Trinity School Austin, TX | $48,197,793 | $16,908,197 |
Arlington Classics Academy Arlington, TX | $32,317,939 | $15,087,121 |
Northlake Christian School Covington, LA | $15,559,549 | $15,961,975 |
Texas Coalition For Animal Protection Fort Worth, TX | $9,140,859 | $14,917,183 |
Covenant Knights School Dallas, TX | $65,440,145 | $15,652,987 |
Compass Academy Charter School Inc Odessa, TX | $45,382,353 | $13,322,993 |