Champion Mcdowell Davis Charitable Fdn
- Assets
- $17.5m
- Revenue
- $635.4k
- Investments
- $17.4m
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 01/2009
- Data as of
- 12/2023
- EIN
- 56-6055716
Organization Overview
Champion Mcdowell Davis Charitable Fdn is located in Wilmington, NC. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Champion Mcdowell Davis Charitable Fdn 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, Champion Mcdowell Davis Charitable Fdn generated $635.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Champion Mcdowell Davis Charitable Fdn has awarded 95 individual grants totaling $12,419,755. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A - NO DIRECT CHARITABLE ACTIVITIES CONDUCTED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Pace President | 1 | $1,500 | |
Patricia Jenkins Vice President | 1 | $1,500 | |
Tom Dodson Treasurer | 1 | $1,500 | |
William Oj Lynch Secretary | 1 | $1,500 | |
Michael C Brown III Trustee | 1 | $1,500 | |
Frances H Goodman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,273 |
| Dividends & Interest | $632,176 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,941 |
| Capital Gain Net Income | $1,941 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $635,390 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| 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 | $14,293 |
| Total operating and administrative expenses | $84,286 |
| Contributions, gifts, grants paid | $1,065,000 |
| Total expenses and disbursements | $1,149,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,720 |
| Savings and temporary cash investments | $32,945 |
| 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 | $17,417,314 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,470,979 |
| 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, Champion Mcdowell Davis Charitable Fdn has awarded $1,065,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
THE DAVIS COMMUNITY PURPOSE: CHARITABLE SUPPORT | $800,000 |
GOOD SHEPHERD MINISTRIES OF WILM IN PURPOSE: CHARITABLE SUPPORT | $76,000 |
LOWER CAPE FEAR LIFE CARE PURPOSE: CHARITABLE SUPPORT | $50,000 |
STEPUP WILMINGTON PURPOSE: CHARITABLE SUPPORT | $15,000 |
YWCA LOWER CAPE FEAR PURPOSE: CHARITABLE SUPPORT | $44,500 |
CAMERON ART MUSEUM PURPOSE: CHARITABLE SUPPORT | $9,500 |