Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total -$755,918 · unrelated business -$791,509 · excluded $35,591

• 7a · Gross sales of assets other than inventory

  securities $9,811,022

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

  securities $9,055,623

• 7c · Gain or loss

  securities $755,399

• 7d · Net gain or loss

  total $755,399 · excluded $755,399

• 11a · Other revenue: MISC

  total $525 · related or exempt $525

• 11e · Other revenue, total

  $525

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $700,000 · program services $700,000

• 5 · Compensation of officers, directors and key employees

  total $15,000 · management and general $15,000

• 11c · Fees: accounting

  total $9,610 · management and general $9,610

• 11f · Fees: investment management

  total $66,131 · management and general $66,131

• 11g · Fees: other

  total $207,500 · management and general $207,500

• 13 · Office expenses

  total $801 · management and general $801

• 17 · Travel

  total $21,845 · management and general $21,845

• 19 · Conferences, conventions and meetings

  total $5,695 · management and general $5,695

• 24a · Other expenses: RECEIVABLE ALLOWANCE

  total $850,000 · management and general $850,000

• 24b · Other expenses: UNAMORTIZED DEVELOPMENT

  total $265,069 · management and general $265,069

• 24c · Other expenses: TAXES, LICENSES, PERMIT

  total $8,394 · management and general $8,394

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $24,304 · end of year $50,574

• 2 · Savings and temporary cash investments

  beginning of year $703,158 · end of year $699,157

• 4 · Accounts receivable

  beginning of year $772

• 7 · Other notes and loans receivable

  beginning of year $850,000 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $11,127,952 · end of year $8,973,406

• 12 · Investments: other securities

  beginning of year $25,283,492 · end of year $26,521,862

• 17 · Accounts payable and accrued expenses

  end of year $4,150

• 25 · Other liabilities

  beginning of year $264,000 · end of year $15,000

• 27 · Net assets without donor restrictions

  beginning of year $37,725,678 · end of year $36,225,849

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.

Disregarded entities

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

• DAVIS HOUSTON LAKESIDE RESORT PROJECT

  HOLDS INV REAL ESTATE · SC · income -$235,440 · assets $2,248,478

  Directly controlled by DD AND VELMA DAVIS FAMILY FDN INC

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 -$235,440 · share of assets $2,248,478

  Directly controlled by DAVIS HOUSTON LAKESIDE RESORT PROJECT LLC

• GIVE INTERACTIVE

  SOFTWARE DEVELOPMENT · DE