Davis Family Foundation
- Assets
- $669.2k
- Revenue
- $150.0
- Investments
- $659.0k
- Employees
- 0
- Location
- Beaver, WV
- Founding
- Data as of
- 12/2022
- EIN
- 87-6315158
Organization Overview
Davis Family Foundation is located in Beaver, WV. 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. Davis Family 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 12/2022, Davis Family Foundation generated $150.0 in total revenue. All expenses for the organization totaled $16.6k during the year ending 12/2022.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RECEIVE, ADMINISTER, AND DISTRIBUTE FUNDS FOR CHARITABLE PURPOSES INCLUDING BUT NOT LIMTED TO THOSE PROGRAMS THAT IMPROVE THE QUALITY OF LIFE PRIMARILY IN RALEIGH COUNTY, WEST VIRGINIA AREA AND TO ANY OTHER CHARITABLE ORGANIZATION, EVEN IF NOT LOCATED IN RALEIGH COUNTY WEST VIRGINIA, THAT HAVE BEEN DETERMINED TAX EXEMPT ENTITIES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernest B Davis Trustee | 0 | $0 | |
Lori A Davis Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $223 |
| Dividends & Interest | $14,188 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,261 |
| Capital Gain Net Income | $2,480 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $150 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $226 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,613 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $16,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,149 |
| 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 | $669,194 |
| 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, Davis Family Foundation has awarded $320,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
IHEART CHURCH PURPOSE: DONATION | $250,000 |
JOSEPH ACADEMY PURPOSE: DONATION | $5,000 |
BRIANS SAFEHOUSE INC PURPOSE: DONATION | $5,000 |
HUMANE SOCIETY OF RALEIGH COUNTY PURPOSE: DONATION | $50,000 |
WVU MEDICINE CHILDRENS HOSPITAL PURPOSE: DONATION | $10,000 |