The James W Davis Foundation Inc
- Assets
- $8.5m
- Revenue
- $393.5k
- Investments
- $7.7m
- Employees
- 0
- Location
- Statesville, NC
- Founding
- 12/1983
- Data as of
- 06/2024
- EIN
- 58-1528127
Organization Overview
The James W Davis Foundation Inc is located in Statesville, NC. The organization was established in 1983. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James W Davis Foundation Inc 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 06/2024, James W Davis Foundation Inc generated $393.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $456.0k during the year ending 06/2024. While expenses have increased by 2.8% per year over the past 9 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 2015, James W Davis Foundation Inc has awarded 71 individual grants totaling $3,740,150. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO GARDNER WEBB UNIVERSITY FOR SCHOOL OF NURSING
DONATION TO MITCHELL COMMUNITY COLLEGE FOR SCHOOL OF NURSING
DONATION TO FIFTH STREET MINISTRIES
DONATION TO POWER CROSS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John N Gilbert Vice Chairma | 0 | $0 | |
Dr Margaret Willhide Secretary | 0 | $0 | |
William A Long Foundation M | 0 | $6,000 | |
Dr Ralph Bentley Chairman | 0 | $0 | |
Nate Mcelwee Director | 0 | $0 | |
W Sloan Goforth Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $290,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $102,758 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $393,539 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,337 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,433 |
| Total operating and administrative expenses | $40,870 |
| Contributions, gifts, grants paid | $415,150 |
| Total expenses and disbursements | $456,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,296 |
| Savings and temporary cash investments | $764,663 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,504,899 |
| Accounts payable and accrued expenses | $894 |
| 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 | $894 |
Grants Awarded
Over the last fiscal year, The James W Davis Foundation Inc has awarded $415,150 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GARDNER WEBB UNIVERSITY PURPOSE: NURSING EDUCATION | $160,000 |
MITCHELL COMMUNITY COLLEGE PURPOSE: NURSING EDUCATION | $160,000 |
BOYS AND GIRLS CLUB PURPOSE: HELP NEEDY CHILDREN | $15,000 |
FIFTH STREET MINISTRIES PURPOSE: HELP NEEDY | $30,000 |
IREDELL CHRISTIAN MINISTRIES PURPOSE: HELP NEEDY | $15,000 |
POWER CROSS PURPOSE: PROVIDES PROGRAMS FOR TEENS | $30,000 |