Mcdavid Group Charities Inc
- Assets
- $764.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Tequesta, FL
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 81-3958709
Organization Overview
Mcdavid Group Charities Inc is located in Tequesta, FL. The organization was established in 2017. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Mcdavid Group Charities 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 12/2023, Mcdavid Group Charities Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 24.9% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MCDAVID GROUP CHARITIES HOSTS THE ANNUAL "GOLF FOR COPS PRO-AM GOLF TOURNAMENT" WHICH BENEFITS THE SURVIVING FAMILIES OF AMERICA'S FALLEN LAW ENFORCEMENT OFFICERS. THE NET PROCEEDS ARE EARMARKED TO SUPPORT COPS HANDS-ON PROGRAMS, AS WELL AS PROVIDE EMOTIONAL AND FINANCIAL SUPPORT, SCHOLARSHIPS, AND OTHER INITIATIVES TO HELP SURVIVING SPOUSES AND THE CHILDREN THAT ARE AFFECTED BY A LINE-OF-DUTY DEATH AND THE AMERICA'S HEROS SCHOLARSHIP FUND TO PROVIDE SCHOLARSHIPS TO TEENS AND SPOUSES OF FALLEN LAW ENFORCEMENT. ONCE A YEAR THE NET PROCEEDS OF THE GOLF TOURNAMENT ARE DISTRIBUTED IN THE FORM OF A CHECK TO COPS AND COMMUNITY FOUNDATION OF PALM BEACH AND MARTIN COUNTIES FOR THE AMERICAN'S HEROS SCHOLARSHIP FUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF FOR COPS - SUPPORTING THE SURVIVING FAMILIES OF AMERICA'S FALLEN LAW ENFORCEMENT
HOLE IN ONE INSURANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Shea Vica Preside | OfficerTrustee | 1 | $0 |
Warren Cleveland Vice Chair | OfficerTrustee | 1 | $0 |
Jim Mcdavid President, C | OfficerTrustee | 10 | $0 |
James Smith Treasurer | OfficerTrustee | 1 | $0 |
Tanya Barrett Executive Di | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $943,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $943,075 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,205,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $230,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,999 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $142,906 |
| Advertising and promotion | $2,785 |
| Office expenses | $0 |
| Information technology | $15,061 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,969 |
| All other expenses | $47,388 |
| Total functional expenses | $1,097,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $492,191 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $239,389 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,012 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $764,592 |
| Accounts payable and accrued expenses | $294,110 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $294,110 |
| Net assets without donor restrictions | $470,482 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $764,592 |
Grants Awarded
Over the last fiscal year, Mcdavid Group Charities Inc has awarded $230,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CONCERNS OF POLICE SURVIVORS INC PURPOSE: COPS HANDSONPROGRAMS | $100,000 |
COMMUNITY FOUNDATION OF PALM BEACH PURPOSE: SCHOLARSHIPS | $100,000 |
SOUTH FLORIDA COPS PURPOSE: COPS HANDSONPROGRAMS | $30,000 |