Tom Davis Fund
- Assets
- $5.8m
- Revenue
- $94.8k
- Investments
- $5.7m
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 01/1989
- Data as of
- 12/2022
- EIN
- 58-1813100
Organization Overview
Tom Davis Fund is located in Winstonsalem, NC. The organization was established in 1989. 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. Tom Davis Fund 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, Tom Davis Fund generated $94.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $546.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Tom Davis Fund has awarded 227 individual grants totaling $3,162,200. 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 |
|---|---|---|---|
Winifred Davis Pierce President/executive Director | 10 | $37,500 | |
Thomas H Davis Jr Vice President/treasurer | 0 | $0 | |
George Franklin Teague Davis Vice President | 0 | $0 | |
Nancy Davis Mcglothlin Director | 0 | $0 | |
Juliana Davis West Director | 0 | $0 | |
Cherryl L Hartman Executive Director (through 2/28/2022) | 10 | $6,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $155,839 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$61,055 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,784 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,392 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,847 |
| Total operating and administrative expenses | $116,414 |
| Contributions, gifts, grants paid | $430,400 |
| Total expenses and disbursements | $546,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,536 |
| 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 | $5,803,695 |
| 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 | $50,000 |
| Total liabilities | $50,000 |
Grants Awarded
Over the last fiscal year, Tom Davis Fund has awarded $430,400 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CANCER SERVICES INC PURPOSE: GENERAL SUPPORT | $3,000 |
EMBRY-RIDDLE AERONAUTICAL UNIV PURPOSE: GENERAL SUPPORT | $50,000 |
FORSYTH HUMANE SOCIETY PURPOSE: GENERAL SUPPORT | $100 |
PIEDMONT SILVER EAGLES PURPOSE: GENERAL SUPPORT | $12,800 |
SECOND HARVEST FOOD BANK OF NW NC PURPOSE: GENERAL SUPPORT | $100,000 |
OAK RIDGE MILITARY ACADEMY PURPOSE: GENERAL SUPPORT | $3,500 |