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Nonprofiteer
← DAVIS STREET FOUNDATION

Form 990 for tax year 2024

Filed by DAVIS STREET FOUNDATION.

Totals

Total revenue
$1,297,988
Total expenses
$22,214
Contributions and grants received
$1,243,129
Grants paid
$0
Program service revenue
$0
Investment income
$122,394
Other revenue
-$67,535
Total assets, end of year
$4,702,259
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,702,259
Program services expenses (Part IX)
$0
Management and general expenses
$22,214
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 1c · Fundraising events

    $145,281

  • 1f · All other contributions, gifts and grants

    $1,097,848

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $122,394 · excluded $122,394

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $24,865

  • 8a · Fundraising events: contributions included on line 1c

    $145,281

  • 8b · Fundraising events: direct expenses

    $92,400

  • 8c · Net income from fundraising events

    total -$67,535 · excluded -$67,535

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $22,214 · management and general $22,214

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250,693 · end of year $420,602

  • 2 · Savings and temporary cash investments

    beginning of year $961,449 · end of year $621,764

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,991,036 · end of year $3,655,476

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $4,417

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,953,178 · end of year $4,452,259

  • 28 · Net assets with donor restrictions

    beginning of year $250,000 · end of year $250,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0

Mission and programs · 2024

Mission

NONE

Activities or mission (Part I)

THE FOUNDATION'S PURPOSE IS TO RAISE FUNDS TO SUPPORT DAVIS STREET'S FACILITIES AND PROGRAMS AND TO CARRY ON OTHER CHARITABLE AND EDUCATIONAL ACTIVITIES.

  • THE FOUNDATION IS A NONPROFIT PUBLIC BENEFIT CORPORATION WHOSE PURPOSE IS TO RAISE FUNDS TO SUPPORT DAVIS STREET'S FACILITIES AND PROGRAMS AND TO CARRY ON OTHER CHARITABLE AND EDUCATIONAL ACTIVITIES.

As filed on the 2024 return.

Listed in Part VII

  • Aisha KNOWLES

    1st Vice President

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Garry OFFENBERG

    Secretary

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Gordon GALVIN

    President

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • John JOHNSON

    2nd Vice President

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Patrick BORMANN

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Tracy kennedy

    Foundation President

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Johnson

    CEO

    Total calculated
    $279,763
    From this org
    $0
    From related orgs
    $249,375
    Other
    $30,388
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,375 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0 + $7,388 related
    Filer's total
    $0 + $279,763 related

  • Jing KING

    CFO

    Total calculated
    $214,622
    From this org
    $0
    From related orgs
    $193,845
    Other
    $20,777
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,845 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,500 related
    Nontaxable benefits
    $0 + $9,277 related
    Filer's total
    $0 + $214,622 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 METHOD TO ESTABLISH CEO COMPENSATION
THE DAVIS STREET COMMUNITY CENTER, A RELATED ORGANIZATION, DETERMINES THE CEO AND CFO COMPENSATION USING THE FOLLOWING METHODS: - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2024
Filed
18 March 2026
IRS schema version
2024v5.1
Source object
202640769349301774

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

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