Billy & Patty Davis Foundation
- Assets
- $2.1m
- Revenue
- $1.3m
- Investments
- $1.6m
- Employees
- 0
- Location
- Waco, TX
- Founding
- Data as of
- 12/2021
- EIN
- 85-3997406
Organization Overview
Billy & Patty Davis Foundation is located in Waco, TX. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billy & Patty 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 12/2021, Billy & Patty Davis Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 13.2% each year .
Since 2021, Billy & Patty Davis Foundation has awarded 11 individual grants totaling $130,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE; JUST FORMED 11/20/2020
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Davis President, Director | 1 | $0 | |
Patty Davis Secretary, Director | 1 | $0 | |
Melissa Blue Director | 0.25 | $0 | |
Kimberly Mcmillan Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,250,325 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,456 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,489 |
| Capital Gain Net Income | $7,489 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,616 |
| Total Revenue | $1,281,886 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,018 |
| Total operating and administrative expenses | $4,344 |
| Contributions, gifts, grants paid | $130,000 |
| Total expenses and disbursements | $134,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$4 |
| Savings and temporary cash investments | $561,862 |
| 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 | $654,616 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,147,542 |
| 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, Billy & Patty Davis Foundation has awarded $130,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
GRASSROOTS COMMUNITY PURPOSE: GENERAL FUND | $25,000 |
Austin, TX PURPOSE: GENERAL FUND | $20,000 |
DISCIPLESHIP UNLIMITED PURPOSE: GENERAL FUND | $20,000 |
RESTORATION GATEWAY PURPOSE: GENERAL FUND | $15,000 |
INDIANA WESLEYAN PURPOSE: GENERAL FUND | $15,000 |
Waco, TX PURPOSE: GENERAL FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Christian Center Of Santa Ana Inc Fort Worth, TX | $220,989,355 | $120,975,345 |
Central Missionary Clearinghouse Inc Houston, TX | $6,419,067 | $44,656,736 |
Parish Episcopal School Dallas, TX | $99,531,938 | $38,441,453 |
Omega Charitable Developers Inc Houston, TX | $6,275,678 | $33,763,984 |
Rightnow Ministries International McKinney, TX | $45,408,215 | $33,884,225 |
Newman International Academy Arlington, TX | $46,580,877 | $32,428,105 |
Pine Cove Inc Tyler, TX | $43,410,564 | $33,919,246 |
Interfaith Ministries For Greater Houston Houston, TX | $17,611,753 | $29,868,273 |
Bible Study Fellowship San Antonio, TX | $20,886,435 | $27,831,196 |
Hosanna Albuquerque, NM | $66,066,591 | $27,487,086 |
Apartment Life Inc Bedford, TX | $5,807,926 | $23,558,847 |
Liberty Educational Ministries Inc Argyle, TX | $56,879,806 | $25,424,585 |