The Richard K & Theresa A Davis Family Foundation
- Assets
- $13.5m
- Revenue
- $403.9k
- Investments
- $13.4m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- Data as of
- 12/2023
- EIN
- 32-6487439
Organization Overview
The Richard K & Theresa A Davis Family Foundation is located in Milwaukee, WI. 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. Richard K & Theresa A Davis Family Foundation 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, Richard K & Theresa A Davis Family Foundation generated $403.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (46.0%) each year. All expenses for the organization totaled $969.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Richard K & Theresa A Davis Family Foundation has awarded 28 individual grants totaling $2,144,075. 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 |
|---|---|---|---|
Richard K Davis Trustee | 1 | $0 | |
Theresa Davis Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $326,839 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,981 |
| Capital Gain Net Income | $75,981 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,121 |
| Total Revenue | $403,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,918 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,079 |
| Total operating and administrative expenses | $92,625 |
| Contributions, gifts, grants paid | $876,400 |
| Total expenses and disbursements | $969,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,945 |
| Savings and temporary cash investments | $84,852 |
| 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 | $13,350,213 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,732 |
| Total assets | $13,466,742 |
| 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, The Richard K & Theresa A Davis Family Foundation has awarded $876,400 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MAKE A WISH FOUNDATION OF VERMONT PURPOSE: GENERAL OPERATING | $10,000 |
MAKE-A-WISH FOUNDATION OF ORANGE COUNTY PURPOSE: GENERAL OPERATING | $10,000 |
MAKEAWISH FOUNDATION OF MINNESOTA PURPOSE: GENERAL OPERATING | $25,000 |
MAYO CLINIC PURPOSE: GENERAL OPERATING | $200,000 |
YOUTH FRONTIERS INC PURPOSE: GENERAL OPERATING | $25,000 |
PARENT BOOSTER USA INC PURPOSE: GENERAL OPERATING | $50,000 |