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Nonprofiteer
← WILLIAM H DAVIS & DOROTHY M DAVIS & WILLIAM C DAVIS FOUNDATION

Form 990 for tax year 2022

Filed by WILLIAM H DAVIS & DOROTHY M DAVIS & WILLIAM C DAVIS FOUNDATION.

Totals

Total revenue
$3,023,395
Total expenses
$2,155,822
Contributions and grants received
$0
Grants paid
$1,989,850
Program service revenue
$0
Investment income
$2,865,249
Other revenue
$158,146
Total assets, end of year
$40,296,719
Total liabilities, end of year
$7,833,295
Net assets or fund balances, end of year
$32,463,424
Program services expenses (Part IX)
$1,989,850
Management and general expenses
$165,972
Fundraising expenses
$0
Program service expenses (Part III)
$1,989,850

Program services were 92.3% 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 $744,809 · excluded $744,809

  • 6a · Gross rents

    real property $221,887

  • 6b · Less rental expenses

    real property $63,741

  • 6c · Rental income or loss

    real property $158,146

  • 6d · Net rental income or loss

    total $158,146 · excluded $158,146

  • 7a · Gross sales of assets other than inventory

    securities $9,674,752

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

    securities $7,546,722 · other assets $7,590

  • 7c · Gain or loss

    securities $2,128,030 · other assets -$7,590

  • 7d · Net gain or loss

    total $2,120,440 · excluded $2,120,440

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,989,850 · program services $1,989,850

  • 11a · Fees: management

    total $94,022 · management and general $94,022

  • 11b · Fees: legal

    total $53,211 · management and general $53,211

  • 11c · Fees: accounting

    total $6,700 · management and general $6,700

  • 11f · Fees: investment management

    total $11,672 · management and general $11,672

  • 24a · Other expenses: FILING FEE

    total $200 · management and general $200

  • 24b · Other expenses: OTHER EXPENSE

    total $167 · management and general $167

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $413,066 · end of year $513,412

  • 4 · Accounts receivable

    beginning of year $12,483 · end of year $11,213

  • 7 · Other notes and loans receivable

    beginning of year $1,006,897 · end of year $905,747

  • 9 · Prepaid expenses and deferred charges

    end of year $35,181

  • 11 · Investments: publicly traded securities

    beginning of year $42,656,593 · end of year $33,031,568

  • 12 · Investments: other securities

    beginning of year $6,533,265 · end of year $5,799,598

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,184 · end of year $1,095

  • 18 · Grants payable

    beginning of year $8,342,050 · end of year $7,832,200

  • 27 · Net assets without donor restrictions

    beginning of year $42,266,070 · end of year $32,463,424

Mission and programs · 2022

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

THE FOUNDATION SUPPORTS EDUCATION, HEALTHCARE AND CHILDRENS ISSUES IN THE COMMUNITY.

  • CONSERVATION

    Expenses $1,009,500 · Grants $1,009,500

  • SOCIAL SERVICES

    Expenses $590,000 · Grants $590,000

  • EDUCATION

    Expenses $203,200 · Grants $203,200

  • HEALTH

    Expenses $126,150 · Grants $126,150

  • URBAN AFFAIRS

    Expenses $60,000 · Grants $60,000

  • ADVANCING PHILANTHROPY

    Expenses $1,000 · Grants $1,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William D Wells

    CHAIR/PRES/TRUSTEE (THRU 01/2022)

    Total calculated
    $0
    Hours/week
    1

  • John C Lucas

    VICE CHAIR/TREAS/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ronald L Whisler MD

    VICE PRESIDENT/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ralph L Guarasci

    ASST SECRETARY/TRUSTEE (THRU 6/14/22)

    Total calculated
    $0
    Hours/week
    1

  • James L Nichols

    VICE CHAIR/TREAS/TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jacquelyn L Wells

    CHAIR/PRES/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chase P Wells

    TRUSTEE/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Douglas F Kridler

    ASST SECRETARY/ASST TREASU

    Total calculated
    $657,277
    From this org
    $0
    From related orgs
    $605,659
    Other
    $51,618
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $504,162 related
    Bonus
    $0 + $101,497 related
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $21,118 related
    Filer's total
    $0 + $657,277 related

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

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202333109349303543

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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