Ruth Q Davis Foundation Inc
- Assets
- $2.3m
- Revenue
- $97.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 72-1367496
Organization Overview
Ruth Q Davis Foundation Inc is located in Nashville, TN. The organization was established in 1998. 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. Ruth Q Davis 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 12/2022, Ruth Q Davis Foundation Inc generated $97.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $196.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ruth Q Davis Foundation Inc has awarded 69 individual grants totaling $746,729. 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
VIDEOTAPING OF LECTURE, "THE CLAY COUNTY ORIGINS OF HUGO BLACK'S POLITICAL AND JUDICIAL PHILOSOPHY" BY STEVE SUITTS AT HATCHETT CREEK ROUNDUP ON 5/5/18, AND PROMOTION OF MONUMENT TO US SUPREME COURT JUSTICE HUGO BLACK IN ASHLAND, AL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clay S Agee Pres/dir | 30 | $21,000 | |
Lesa N Agee Treas/dir | 0 | $0 | |
William Henry Agee Sec/dir | 0 | $0 | |
Nelson D Agee Vp/dir | 30 | $15,000 | |
Anna M Agee Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,624 |
| Dividends & Interest | $57,546 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,790 |
| Capital Gain Net Income | $64,790 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$28,977 |
| Total Revenue | $96,983 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $23,845 |
| Interest | $0 |
| Taxes | $5,166 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,150 |
| Printing and publications | $0 |
| Other expenses | $10,995 |
| Total operating and administrative expenses | $124,906 |
| Contributions, gifts, grants paid | $71,095 |
| Total expenses and disbursements | $196,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $92,845 |
| 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 | $660 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,376 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $706,134 |
| Total assets | $2,277,999 |
| 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 | $1,093 |
| Total liabilities | $1,093 |
Grants Awarded
Over the last fiscal year, Ruth Q Davis Foundation Inc has awarded $71,095 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ARC OF CALHOUN & CLEBURNE COUNTIES PURPOSE: AID TO PERSONS WITH DISABILITIES | $9,000 |
HELEN JAMES FOUNDATION PURPOSE: FAMILIES WITH A STILLBORN CHILD | $5,000 |
URBAN MINISTRY PURPOSE: CONSULTING GRANT INNER CITY PROGRAMS | $25,000 |
COMMUNITY ENABLER PURPOSE: PROVIDE FOR NEEDS OF THE POOR | $4,000 |
SPRING HILL PRESBYTERIAN PURPOSE: MOTHERS- AND CHILREN'S PROGRAMS | $5,000 |
EXPONENT PHILANTROPHY PURPOSE: FOUNDATION BEST PRACTICES | $1,595 |