Benjamin & Frances David Charitable Foundation
- Assets
- $937.4k
- Revenue
- $53.9k
- Investments
- $653.2k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 01/1995
- Data as of
- 10/2023
- EIN
- 63-1106997
Organization Overview
Benjamin & Frances David Charitable Foundation is located in Birmingham, AL. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Benjamin & Frances David Charitable 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 10/2023, Benjamin & Frances David Charitable Foundation generated $53.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $189.6k during the year ending 10/2023. While expenses have increased by 10.1% per year over the past 7 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, Benjamin & Frances David Charitable Foundation has awarded 152 individual grants totaling $788,500. 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 |
|---|---|---|---|
Mary A David Treasurer/director | 2 | $0 | |
Teresa David Troncale President/director | 2 | $20,000 | |
Carol Christiansen Secretary/director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,923 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,923 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,956 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $154 |
| Printing and publications | $0 |
| Other expenses | $239 |
| Total operating and administrative expenses | $37,599 |
| Contributions, gifts, grants paid | $152,000 |
| Total expenses and disbursements | $189,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,216 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $937,374 |
| 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, Benjamin & Frances David Charitable Foundation has awarded $152,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BENEDICTINE SISTERS OF CULLMAN PURPOSE: GENERAL FUND | $3,000 |
CATHOLIC CHARITIES PURPOSE: GENERAL FUND | $2,000 |
CATHOLIC NEAR EAST WELFARE ASSOCIATION PURPOSE: GENERAL FUND | $13,000 |
EDMUNDITE MISSIONS PURPOSE: GENERAL FUND | $4,000 |
CROHNS & COLITIS PURPOSE: GENERAL FUND | $2,000 |
ENCORE MINISTRIES PURPOSE: GENERAL FUND | $5,000 |