Davis-Mcelmurry Charitable Tr
- Assets
- $4.1m
- Revenue
- $361.2k
- Investments
- $10.0k
- Employees
- 0
- Location
- Clinton, OK
- Founding
- 08/2006
- Data as of
- 12/2021
- EIN
- 32-6048304
Organization Overview
Davis-Mcelmurry Charitable Tr is located in Clinton, OK. The organization was established in 2006. 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. Davis-Mcelmurry Charitable Tr 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 12/2021, Davis-Mcelmurry Charitable Tr generated $361.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $223.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Davis-Mcelmurry Charitable Tr has awarded 24 individual grants totaling $1,624,998. 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 |
|---|---|---|---|
C B Graft Trustee | 3 | $14,000 | |
Aaron P Graft Trustee | 3 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,843 |
| Dividends & Interest | $67,939 |
| Net Rental Income | $8,758 |
| Net Gain on Sale of Assets | $197,461 |
| Capital Gain Net Income | $197,461 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $55,252 |
| Other Income | $7,898 |
| Total Revenue | $361,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $25 |
| Taxes | $3,927 |
| Depreciation | $1,600 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,597 |
| Total operating and administrative expenses | $43,644 |
| Contributions, gifts, grants paid | $180,000 |
| Total expenses and disbursements | $223,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,642 |
| Savings and temporary cash investments | $2,622,002 |
| 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 | $566,533 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $57,237 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,974 |
| Net Land, buildings, and equipment | $689,750 |
| Other assets | $1 |
| Total assets | $4,094,139 |
| 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-Mcelmurry Charitable Tr has awarded $274,998 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHWESTERN OKLAHOMA STATE UNIV FD PURPOSE: EDUCATION | $91,666 |
CLINTON SCHOOL FUND PURPOSE: EDUCATION | $45,833 |
OKLAHOMA MEDICAL RESEARCH FDN PURPOSE: MEDICAL RESEARCH | $137,499 |