Davidson Nicely Associate Assistance Fund
- Assets
- $42.8m
- Revenue
- $187.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 81-4803325
Organization Overview
Davidson Nicely Associate Assistance Fund is located in Chevy Chase, MD. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public 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. Davidson Nicely Associate Assistance 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 12/2021, Davidson Nicely Associate Assistance Fund generated $187.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (71.8%) each year. All expenses for the organization totaled $664.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROVIDE IMMEDIATE FINANCIAL SUPPORT TO GEICO ASSOCIATES AND THEIR FAMILIES DURING TIMES OF DISASTER AND WHEN SPECIFIC UNEXPECTED EMERGENCY ECONOMIC HARDSHIP EVENTS OCCUR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GRANT PROGRAM WAS CREATED TO PROVIDE EMERGENCY ASSISTANCE AND DISASTER RELIEF TO EMPLOYEES OF GEICO IN CASE OF EMERGENCY OR CATASTROPHIC SITUATION THAT HAS CAUSED TEMPORARY FINANCIAL HARDSHIP NOT ALLEVIATED BY INSURANCE OR OTHER RESOURCES. THIS EVENT MUST BE CAUSED BY A SUDDEN AND UNEXPECTED OCCURRENCE, WHICH CREATES A PRESSING AND NON-RECURRING FINANCIAL NEED FOR AN ASSOCIATE. TO QUALIFY FOR ASSISTANCE THE QUALIFYING EVENT MUST HAVE OCCURRED WITHIN 9 MONTHS OF THE SUBMISSION DATE OF THE APPLICATION AND MUST HAVE BEEN BEYOND THE ASSOCIATE'S CONTROL. QUALIFIED EVENTS FALL INTO THE FOLLOWING CATEGORIES: DISASTERS, SERIOUS ILLNESS OR INJURY, DEATH, MILITARY DEPLOYMENT, DOMESTIC VIOLENCE. THE GRANT ASSISTANCE IS LIMITED TO $25,000 PER ASSOCIATE IN A ROLLING 12-MONTH PERIOD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Hobart President | OfficerTrustee | 0.5 | $0 |
Bill Robinson Secretary | OfficerTrustee | 0.5 | $0 |
Hollis White Treasurer | OfficerTrustee | 0.5 | $0 |
Seth Ingall Director | Trustee | 0.5 | $0 |
Melissa Gallaro Director | Trustee | 0.5 | $0 |
John Pham Director | Trustee | 0.5 | $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 | $123,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,566 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $592,924 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,257 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,733 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $34,100 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $664,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $104,374 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $42,669,094 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,773,468 |
| Accounts payable and accrued expenses | $0 |
| 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 | $52,722 |
| Total liabilities | $52,722 |
| Net assets without donor restrictions | $42,720,746 |
| 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 | $42,773,468 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Davidson Nicely Associate Assistance Fund has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |