Wi And Inez Davis Foundation
- Assets
- $3.6m
- Revenue
- $232.9k
- Investments
- $3.3m
- Employees
- 0
- Location
- Center, TX
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 75-2574976
Organization Overview
Wi And Inez Davis Foundation is located in Center, TX. The organization was established in 1996. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. WI And Inez Davis Foundation 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, WI And Inez Davis Foundation generated $232.9k 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 (10.6%) each year. All expenses for the organization totaled $198.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, WI And Inez Davis Foundation has awarded 70 individual grants totaling $1,279,769. 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
LEASE QUALITY FACILITIES TO TWO OTHER 501(C)(3) ORGANIZATIONS FOR NOMINAL AMOUNTS PER REGS. SECTION 53.4942(A)-2(C)(3)(11)(F)
CONTRIBUTIONS TO OTHER QUALIFYING 501(C)(3) ORGANIZATIONS TO SUPPORT THEIR CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neilson Davis Co-Trustee | 0.5 | $0 | |
Guy W Griffin Co-Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,679 |
| Dividends & Interest | $106,015 |
| Net Rental Income | $45,061 |
| Net Gain on Sale of Assets | $59,216 |
| Capital Gain Net Income | $59,216 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $232,910 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $327 |
| Depreciation | $8,939 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $294 |
| Total operating and administrative expenses | $9,560 |
| Contributions, gifts, grants paid | $189,000 |
| Total expenses and disbursements | $198,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,801 |
| 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 | $352,913 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,274,895 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,647,902 |
| 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, Wi And Inez Davis Foundation has awarded $189,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY CHRISTIAN SERVICES PURPOSE: TO SUPPORT MINISTRY SERVICES | $7,500 |
HUXLEY VOLUNTEER FIRE DEPARTMENT PURPOSE: TO SUPPORT HUXLEY FIRE DEPARTMENT | $25,000 |
LADONIA CEMETARY ASSOCIATION INC PURPOSE: TO SUPPORT THE CEMETARY GROUNDS IN LADONIA | $1,200 |
COURT APPOINTED SPECIAL ADVOCATES (CASA) OF DEEP EAST TEXAS PURPOSE: TO SUPPORT ADVOCACY IN COURT FOR ABUSED CHILDREN | $13,500 |
LYDIA MISSONARY BAPTIST CHURCH PURPOSE: TO SUPPORT MINISTRY SERVICES | $7,500 |
SHELBY COUNTY OUTREACH PURPOSE: TO SUPPORT THE THE COMMUNITY OF SHELBY COUNTY. | $7,500 |