Gordon And Joyce Davis Foundation Inc
- Assets
- $18.5m
- Revenue
- $356.6k
- Investments
- $18.3m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- Data as of
- 12/2022
- EIN
- 85-3910839
Organization Overview
Gordon And Joyce Davis Foundation Inc is located in Lubbock, TX. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gordon And Joyce 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, Gordon And Joyce Davis Foundation Inc generated $356.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (50.8%) each year.
Since 2021, Gordon And Joyce Davis Foundation Inc has awarded 25 individual grants totaling $1,110,000. 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 |
|---|---|---|---|
Gordon Davis Officer | 0 | $0 | |
Joyce Davis Officer | 0 | $0 | |
Matt Owens Officer | 0 | $0 | |
Kevin Pond Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,676 |
| Dividends & Interest | $244,445 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,484 |
| Capital Gain Net Income | $110,484 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $356,605 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $72,291 |
| Total operating and administrative expenses | $74,872 |
| Contributions, gifts, grants paid | $960,000 |
| Total expenses and disbursements | $1,034,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,799 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $18,254,687 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,462,486 |
| 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, Gordon And Joyce Davis Foundation Inc has awarded $960,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS TECH UNIVERSITY PURPOSE: GENERAL PURPOSE | $710,000 |
AMSA PURPOSE: GENERAL PURPOSE | $105,000 |
RESCUED ANIMALS SECOND CHANCE PURPOSE: GENERAL PURPOSE | $50,000 |
UNITED WAY PURPOSE: GENERAL PURPOSE | $20,000 |
TX GIRS & BOYS RANCH PURPOSE: GENERAL PURPOSE | $25,000 |
MERCY CENTER PURPOSE: GENERAL PURPOSE | $25,000 |