Joe C Davis Foundation
- Assets
- $102.3m
- Revenue
- $10.4m
- Investments
- $96.9m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 02/1978
- Data as of
- 09/2023
- EIN
- 62-6125481
Organization Overview
Joe C Davis Foundation is located in Nashville, TN. The organization was established in 1978. 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. Joe C Davis Foundation 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 09/2023, Joe C Davis Foundation generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $9.9m during the year ending 09/2023. While expenses have increased by 4.7% 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, Joe C Davis Foundation has awarded 466 individual grants totaling $26,647,300. 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 |
|---|---|---|---|
William R Deloache Jr Co-Trustee | 5 | $0 | |
Frances Ellison Co-Trustee | 5 | $0 | |
Anne Davis Co-Trustee | 5 | $0 | |
Nancy Beveridge Co-Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brave Warrior Advisors | 9/29/23 | $991,950 |
Gardner Russo & Gardner Investments | 9/29/23 | $401,644 |
Blackrock Investment Management | 9/29/23 | $25,692 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $66,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,812,401 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,459,471 |
| Capital Gain Net Income | $6,459,471 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43,012 |
| Total Revenue | $10,381,384 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $223,333 |
| Pension plans, employee benefits | $22,441 |
| Interest | $0 |
| Taxes | $133,677 |
| Depreciation | $159 |
| Occupancy | $14,720 |
| Travel, conferences, and meetings | $27,725 |
| Printing and publications | $0 |
| Other expenses | $758,383 |
| Total operating and administrative expenses | $2,652,691 |
| Contributions, gifts, grants paid | $7,208,000 |
| Total expenses and disbursements | $9,860,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3 |
| Savings and temporary cash investments | $5,262,513 |
| 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 | $92,426 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $41,613,425 |
| Net Land, buildings, and equipment | $81 |
| Other assets | $959 |
| Total assets | $102,304,445 |
| 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 | $2,500 |
| Total liabilities | $2,500 |
Grants Awarded
Over the last fiscal year, Joe C Davis Foundation has awarded $7,208,000 in support to 122 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN OF MIDDLE TENNESSEE INC PURPOSE: PROGRAM SUPPORT | $2,500 |
A STEP AHEAD FOUNDATION PURPOSE: PROGRAM SUPPORT | $20,000 |
AGAPE PURPOSE: PROGRAM SUPPORT | $7,500 |
ANCORA TN PURPOSE: PROGRAM SUPPORT | $5,000 |
AVENTURA COMMUNITY SCHOOL PURPOSE: CAPITAL SUPPORT | $500,000 |
BACKFIELD IN MOTION PURPOSE: PROGRAM SUPPORT | $70,000 |