Sheila Lee Davies Charitable Trust
- Assets
- $4.6m
- Revenue
- $1.7m
- Investments
- $4.6m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-4346156
Organization Overview
Sheila Lee Davies Charitable Trust is located in Atlanta, GA. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheila Lee Davies Charitable 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, Sheila Lee Davies Charitable Trust generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $150.4k during the year ending 12/2022. While expenses have increased by 39.1% per year over the past 4 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, Sheila Lee Davies Charitable Trust has awarded 20 individual grants totaling $306,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
33.3% OF CHARITABLE CONTRIBUTIONS CONSISTED OF DONATIONS TO EMORY UNIVERSITY
33.3% OF CHARITABLE CONTRIBUTIONS CONSISTED OF DONATIONS TO ATLANTA SYMPHONY ORCHESTRA
20% OF CHARITABLE CONTRIBUTIONS CONSISTED OF DONATIONS TO MAYO CLINIC
13.3% OF CHARITABLE CONTRIBUTIONS CONSISTED OF DONATIONS TO SIBLEY MEMORIAL HOSPITAL FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Lee Davies Trustee | 2 | $0 | |
Jonathan Davies Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,640,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,542 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,042 |
| Capital Gain Net Income | $23,042 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,704,584 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $445 |
| Total operating and administrative expenses | $445 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $150,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,634 |
| Savings and temporary cash investments | $0 |
| 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 | $4,489,928 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,583,434 |
| 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, Sheila Lee Davies Charitable Trust has awarded $150,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SIBLEY MEMORIAL HOSPITAL FOUNDATION PURPOSE: MEDICAL CARE EDUCATION SUPPORT | $20,000 |
MAYO CLINIC PURPOSE: MEDICAL RESEARCH EDUCATION SUPPORT | $30,000 |
EMORY UNIVERSITY PURPOSE: EDUCATION | $50,000 |
ATLANTA SYMPHONY ORCHESTRA PURPOSE: EDUCATION SUPPORT | $50,000 |