Davenport Charitable Trust
- Assets
- $9.5m
- Revenue
- $99.6k
- Investments
- $9.1m
- Employees
- 0
- Location
- Danville, VA
- Founding
- Data as of
- 12/2023
- EIN
- 87-2163052
Organization Overview
Davenport Charitable Trust is located in Danville, VA. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davenport Charitable Trust 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, Davenport Charitable Trust generated $99.6k in total revenue. All expenses for the organization totaled $543.4k during the year ending 12/2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles H Majors Trustee | 0.5 | $5,160 | |
R Stephen Wilkinson Trustee | 0.5 | $5,160 | |
Paul D Erwin Trustee | 0.5 | $5,160 | |
American National Bank Trustee | 0.5 | $54,811 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,150 |
| Interest on Savings | $95,581 |
| Dividends & Interest | $103,205 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$101,289 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $99,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,291 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,332 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,358 |
| Total operating and administrative expenses | $79,190 |
| Contributions, gifts, grants paid | $464,255 |
| Total expenses and disbursements | $543,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $323,209 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,468,928 |
| 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, Davenport Charitable Trust has awarded $464,255 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DANVILLE COMMUNITY COLLEGE PURPOSE: ENHANCE THE EARLY CHILDHOOD EDUCATION PROGRAM AT DCC | $50,000 |
THE FRIENDS OF BARNABAS FOUNDATION INC PURPOSE: PURCHASE OF MEDICAL SUPPLIES | $92,255 |
CENTER FOR EARLY SUCCESS - FEASIBILITY STUDY PURPOSE: STRENGTHING EARLY CHILDHOOD EDUCATION FOR CHILDREN BIRTH TO FIVE | $100,000 |
CHATHAM ROTARY FOUNDATION INC PURPOSE: TO BENEFIT ORGANIZATIONS AND PROJECTS THAT ENHANCE THE BETTERMENT OF THECOMMUNITY | $96,000 |
PATRICK & HENRY COMM COLLEGE FOUNDATION PURPOSE: BOOST EARLY CHILD-HOOD ENROLLMENT AND PERSONAL SUPPORT | $20,000 |
PATRICK & HENRY COMM COLLEGE FOUNDATION PURPOSE: PILOT A MODEL FOR STUDENT APPRENTICESHIP IN PARTNERSHIP WITH LOCAL CHILDHOOD PROVIDERS | $31,000 |