Ione C Davis Trust
- Assets
- $2.6m
- Revenue
- $214.7k
- Investments
- $2.6m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 02/2008
- Data as of
- 12/2023
- EIN
- 35-6413272
Organization Overview
Ione C Davis Trust is located in Birmingham, AL. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ione C Davis 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 12/2023, Ione C Davis Trust generated $214.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $214.6k during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 5 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 2020, Ione C Davis Trust has awarded 20 individual grants totaling $714,820. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $73,868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $140,875 |
| Capital Gain Net Income | $140,875 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $214,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,844 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,164 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $989 |
| Total operating and administrative expenses | $54,997 |
| Contributions, gifts, grants paid | $159,553 |
| Total expenses and disbursements | $214,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,337 |
| 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 | $2,587,601 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,646,938 |
| 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, Ione C Davis Trust has awarded $159,553 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ST VINCENT FRANKFORT HOSP FOUND PURPOSE: GENERAL OPERATING | $15,955 |
THE SALVATION ARMY PURPOSE: GENERAL OPERATING | $15,955 |
PURDUE UNIVERSITY DIR OF PLANNED GIFT PURPOSE: GENERAL OPERATING | $63,821 |
INDIANA UNIV SCHOOL OF MEDICINE CO PURPOSE: SCHOLARSHIPS | $31,911 |
AMERICAN RED CROSS PURPOSE: GENERAL OPERATING | $31,911 |