Carleton F & Ruth T Davidson Trust
- Assets
- $8.4m
- Revenue
- $733.5k
- Investments
- $6.7m
- Employees
- 0
- Location
- Springfield, OH
- Founding
- 05/1988
- Data as of
- 12/2022
- EIN
- 31-6328010
Organization Overview
Carleton F & Ruth T Davidson Trust is located in Springfield, OH. The organization was established in 1988. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Carleton F & Ruth T Davidson Trust 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 12/2022, Carleton F & Ruth T Davidson Trust generated $733.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $525.4k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carleton F & Ruth T Davidson Trust has awarded 148 individual grants totaling $2,742,510. 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 |
|---|---|---|---|
Steven M Stuckey Trustee | 10 | $30,000 | |
Ronny E Shumaker Trustee | 10 | $30,000 | |
Robert N Lancaster Jr Trustee | 10 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $104,083 |
| Dividends & Interest | $98,866 |
| Net Rental Income | -$9,871 |
| Net Gain on Sale of Assets | $530,536 |
| Capital Gain Net Income | $530,536 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $733,485 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,744 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $92,832 |
| Total operating and administrative expenses | $207,971 |
| Contributions, gifts, grants paid | $317,450 |
| Total expenses and disbursements | $525,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,363,123 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,734,875 |
| Net Land, buildings, and equipment | $270,000 |
| Other assets | $0 |
| Total assets | $8,367,998 |
| 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, Carleton F & Ruth T Davidson Trust has awarded $317,450 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
SPRINGFIELD MUSEUM OF ART PURPOSE: FURTHER EXEMPT PURPOSE OF THE ORGANIZATION | $75,000 |
THE SALVATION ARMY PURPOSE: FURTHER EXEMPT PURPOSE OF THE ORGANIZATION | $47,450 |
SPRINGFIELD CITIZEN POLICE ACADEMY PURPOSE: FURTHER EXEMPT PURPOSE OF THE ORGANIZATION | $15,000 |
THE GATHERING OF GREATER MIAMI VALL PURPOSE: FURTHER EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
THE NEHEMIAH FOUNDATION PURPOSE: FURTHER EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
ON THE RISE PURPOSE: FURTHER EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |