Davis Elkins Foundation Ua 09202013
- Assets
- $36.6m
- Revenue
- $1.6m
- Investments
- $25.1m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 10/2014
- Data as of
- 12/2023
- EIN
- 30-6397680
Organization Overview
Davis Elkins Foundation Ua 09202013 is located in Detroit, MI. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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 Elkins Foundation Ua 09202013 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 12/2023, Davis Elkins Foundation Ua 09202013 generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Davis Elkins Foundation Ua 09202013 has awarded 142 individual grants totaling $10,859,118. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Comerica Bank Co-Trustee | 2 | $141,631 | |
William J Reap Co-Trustee | 25 | $120,000 | |
David R Frazier Co-Trustee | 7 | $24,000 | |
William David Cammack Co-Trustee | 7 | $24,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seaport Properties | 12/30/20 | $74,535 |
Morgan Stanley Wealth Management | 12/30/20 | $151,412 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,136,153 |
| Net Rental Income | $402,620 |
| Net Gain on Sale of Assets | -$750,738 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $113,808 |
| Total Revenue | $1,635,692 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $309,631 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,736 |
| Depreciation | $237,579 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $496,551 |
| Total operating and administrative expenses | $1,251,619 |
| Contributions, gifts, grants paid | $2,707,396 |
| Total expenses and disbursements | $3,959,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,234,821 |
| Net Accounts receivable | $321,064 |
| 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 | $9,936,237 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $36,594,784 |
| 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 Elkins Foundation Ua 09202013 has awarded $2,707,396 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
OPERATION GRADUATION PURPOSE: SUPPOR OF DAILY OPERATIONS | $250,000 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: SUPPOR OF DAILY OPERATIONS | $50,000 |
SMILE TRAIN INC PURPOSE: SUPPOR OF DAILY OPERATIONS | $25,000 |
THANKS USA PURPOSE: SUPPOR OF DAILY OPERATIONS | $25,000 |
GUIDING EYES FOR THE BLIND PURPOSE: SUPPOR OF DAILY OPERATIONS | $10,000 |
GROVE CITY COLLEGE PURPOSE: SUPPOR OF DAILY OPERATIONS | $250,000 |