The Davis-Molony Fund
- Assets
- $2.1m
- Revenue
- $132.3k
- Investments
- $2.1m
- Employees
- 0
- Location
- Slidell, LA
- Founding
- 09/1947
- Data as of
- 06/2022
- EIN
- 72-0423615
Organization Overview
The Davis-Molony Fund is located in Slidell, LA. The organization was established in 1947. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davis-Molony 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 06/2022, Davis-Molony Fund generated $132.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $112.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Davis-Molony Fund has awarded 112 individual grants totaling $721,366. 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 |
|---|---|---|---|
Joan Burke Secretary | 1 | $0 | |
A Sherwood Platt Vice President | 1 | $0 | |
Wade Verges President | 1 | $0 | |
John F Schwegmann Vice President | 1 | $0 | |
William Cherbonnier Board Member | 1 | $0 | |
Bryan Duplantier Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $99,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,260 |
| Capital Gain Net Income | $31,260 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,241 |
| Total Revenue | $132,337 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $24,066 |
| Total operating and administrative expenses | $29,766 |
| Contributions, gifts, grants paid | $83,000 |
| Total expenses and disbursements | $112,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,503 |
| 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 | $615 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,076,301 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,089,419 |
| Accounts payable and accrued expenses | $5,700 |
| 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 | $13,197 |
| Total liabilities | $18,897 |
Grants Awarded
Over the last fiscal year, The Davis-Molony Fund has awarded $83,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ARIN'S NESTING PLACE PURPOSE: TO PROVIDE RESOURCES & SERVICES TO EDUCATE, EMPOWER & PROMOTE HEALTHY RELATIONSHIPS TO REVITALIZE THE COMMUNITY & TO HEAL THE EFFECTS OF DOMESTIC VIOLENCE | $10,000 |
LIGHTHOUSE FOR THE BLIND IN NEW ORLEANS INC PURPOSE: TO EMPOWER PEOPLE WITH DISABILITIES THROUGH SERVICES, EMPLOYMENT & ADVOCACY | $10,000 |
FAMILIES HELPING FAMILIES PURPOSE: TO FUND ARTS PROGRAM FOR CHILDREN AGES 6-14 WITH SPECIAL NEEDS | $10,000 |
GREATER NO RIDING CENTER PURPOSE: TO PROMOTE HORSE ASSISTED ACTIVITIES FOR CHILDREN & ADULTS WITH DISABILITIES | $5,000 |
SHINE YOUR LIGHT INC PURPOSE: TO PROVIDE CHRISTMAS PRESENTS, CLOTHES & MEALS FOR CHILDREN OF FAMILIES IN NEED | $10,000 |
SAUL'S LIGHT FOUNDATION PURPOSE: TO PROVIDE SUPPORT & COMMUNITY TO FAMILIES WITH BABIES IN THE NEONATAL INTNESIVE CARE UNIT (NICU) | $10,000 |