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← DD AND VELMA DAVIS FAMILY FOUNDATION INC

Form 990 for tax year 2024

Filed by DD AND VELMA DAVIS FAMILY FOUNDATION INC.

Totals

Total revenue
-$981,455
Total expenses
$1,303,647
Contributions and grants received
$0
Grants paid
$1,000,000
Program service revenue
$0
Investment income
-$981,455
Other revenue
$0
Total assets, end of year
$33,374,184
Total liabilities, end of year
$4,725
Net assets or fund balances, end of year
$33,369,459
Program services expenses (Part IX)
$1,000,000
Management and general expenses
$303,647
Fundraising expenses
$0
Program service expenses (Part III)
$1,000,000

Program services were 76.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total -$2,232,634 · unrelated business -$3,011,494 · excluded $778,860

  • 7a · Gross sales of assets other than inventory

    securities $13,952,394

  • 7b · Less cost or other basis and sales expenses

    securities $12,701,215

  • 7c · Gain or loss

    securities $1,251,179

  • 7d · Net gain or loss

    total $1,251,179 · excluded $1,251,179

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000,000 · program services $1,000,000

  • 5 · Compensation of officers, directors and key employees

    total $13,000 · management and general $13,000

  • 6 · Compensation of disqualified persons

    total $14,000 · management and general $14,000

  • 11b · Fees: legal

    total $11,990 · management and general $11,990

  • 11c · Fees: accounting

    total $4,725 · management and general $4,725

  • 11f · Fees: investment management

    total $50,774 · management and general $50,774

  • 11g · Fees: other

    total $185,000 · management and general $185,000

  • 17 · Travel

    total $15,324 · management and general $15,324

  • 19 · Conferences, conventions and meetings

    total $3,669 · management and general $3,669

  • 24a · Other expenses: DUES, SUBSCRIPTIONS, TA

    total $5,165 · management and general $5,165

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $50,574 · end of year $14,897

  • 2 · Savings and temporary cash investments

    beginning of year $699,157 · end of year $328,810

  • 7 · Other notes and loans receivable

    end of year $1,848,314

  • 11 · Investments: publicly traded securities

    beginning of year $8,973,406 · end of year $7,419,361

  • 12 · Investments: other securities

    beginning of year $26,521,862 · end of year $23,762,802

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,150 · end of year $4,725

  • 25 · Other liabilities

    beginning of year $15,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $36,225,849 · end of year $33,369,459

Mission and programs · 2024

Mission

PROVIDE FUNDING AND SUPPORT TO CHARITIES IN FULFILLMENT OF THE EXEMPT PURPOSES OF SERVANT FOUNDATION D/B/A THE SIGNATRY.

Activities or mission (Part I)

SUPPORT OF COMMUNITY DEVELOPMENT CHARITIES AND RELIGIOUS MINISTRIES

  • PROVIDE FUNDING AND SUPPORT TO CHARITIES IN FULFILLMENT OF THE EXEMPT PURPOSES OF THE SUPPORTED ORGANIZATION.

    Expenses $1,000,000 · Grants $1,000,000

As filed on the 2024 return.

Listed in Part VII

  • BEVERLY D DAVIS

    PRESIDENT/DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JOANNA ROXANNE RANDOLPH

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MARK KLINGER

    TREASURER

    Total calculated
    $273,593
    From this org
    $0
    From related orgs
    $250,578
    Other
    $23,015
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,578 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,280 related
    Nontaxable benefits
    $0 + $12,735 related
    Filer's total
    $0 + $273,593 related

  • JASON YAKELIS

    DIRECTOR

    Total calculated
    $269,711
    From this org
    $0
    From related orgs
    $248,574
    Other
    $21,137
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,574 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,130 related
    Nontaxable benefits
    $0 + $11,007 related
    Filer's total
    $0 + $269,711 related

  • ERIK SCHARTNER

    DIRECTOR

    Total calculated
    $104,878
    From this org
    $0
    From related orgs
    $97,322
    Other
    $7,556
    Hours/week
    1 + 40 related

  • KRISTEN HAMMETT

    DIRECTOR

    Total calculated
    $104,656
    From this org
    $0
    From related orgs
    $100,149
    Other
    $4,507
    Hours/week
    1 + 40 related

  • DANA NIELSEN

    VICE PRESIDENT

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE INDIVIDUALS LISTED IN SCHEDULE J, PART II ARE PAID BY THE RELATED ORGANIZATION THAT UTILIZES A COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS, AND BOARD APPROVAL IN THE PROCESS OF COMPENSATION DETERMINATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HIGHROADS MEMBERS RESORT LLC

    UNRELATED · RESORT OWNERSHIP · DE · 53.69% owned · share of income -$1,192,781 · share of assets $1,055,697

    Directly controlled by DAVIS HOUSTON LAKESIDE RESORT PROJECT LLC

  • GIVE INTERACTIVE

    SOFTWARE DEVELOPMENT · DE

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202533219349304583

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