Wi And Inez Davis Foundation
- Assets
- $3.6m
- Revenue
- $314.9k
- Investments
- $3.3m
- Employees
- 0
- Location
- Center, TX
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 75-2574976
Organization Overview
Wi And Inez Davis Foundation is located in Center, TX. The organization was established in 1996. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. WI And Inez 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 12/2021, WI And Inez Davis Foundation generated $314.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $177.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, WI And Inez Davis Foundation has awarded 57 individual grants totaling $1,090,769. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEASE QUALITY FACILITIES TO TWO OTHER 501(C)(3) ORGANIZATIONS FOR NOMINAL AMOUNTS PER REGS. SECTION 53.4942(A)-2(C)(3)(11)(F)
CONTRIBUTIONS TO OTHER QUALIFYING 501(C)(3) ORGANIZATIONS TO SUPPORT THEIR CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neilson Davis Co-Trustee | 0.5 | $0 | |
Guy W Griffin Co-Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,018 |
| Dividends & Interest | $103,035 |
| Net Rental Income | $44,992 |
| Net Gain on Sale of Assets | $143,869 |
| Capital Gain Net Income | $143,869 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $314,922 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $299 |
| Depreciation | $9,008 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $342 |
| Total operating and administrative expenses | $13,029 |
| Contributions, gifts, grants paid | $164,580 |
| Total expenses and disbursements | $177,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,797 |
| 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 | $361,852 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,305,425 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,638,662 |
| 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, Wi And Inez Davis Foundation has awarded $164,580 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Center, TX PURPOSE: TO SUPPORT ABUSED CHILDREN IN FURTHERANCE OF THEIR CHARITABLE MISSION | $40,500 |
Waco, TX PURPOSE: TO SUPPORT THE MINISTRIES TO OFFER HOPE TO CHILDREN AND YOUTH. | $25,000 |
Shelbyville, TX PURPOSE: TO SUPPORT THE SHELBYVILLE FIRE DEPARTMENT | $20,000 |
HUXLEY VOLUNTEER FIRE DEPARTMENT PURPOSE: TO SUPPORT HUXLEY FIRE DEPARTMENT | $20,000 |
SHELBYVILLE HIGH SCHOOL PURPOSE: TO SUPPORT SHELBYVILLE HIGH SCHOOL AG DEPT | $15,000 |
COURT APPOINTED SPECIAL ADVOCATES (CASA) OF DEEP EAST TEXAS PURPOSE: TO SUPPORT ADVOCACY IN COURT FOR ABUSED CHILDREN | $13,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Texas Rehab Tr Wichita Falls, TX | $0 | $190,992 |
Oldham Little Church Foundation Houston, TX | $30,137,970 | $4,323,104 |
Susan Vaughan Foundation Inc Houston, TX | $23,902,558 | $2,793,017 |
Philanthropy Southwest Dallas, TX | $1,640,752 | $1,479,190 |
George William Patton & Mary Patton Foundation Trust B Dallas, TX | $13,113,675 | $1,965,133 |
Marketplace Ministries Foundation Plano, TX | $11,873,944 | $1,668,158 |
Paris Legacy Foundation Inc Paris, TX | $7,749,974 | $897,931 |
Fund For Change Santa Fe, NM | $531,456 | $472,266 |
Heart Trust Wichita Falls, TX | $4,914,220 | $475,077 |
Cancer Trust Wichita Falls, TX | $4,914,220 | $475,077 |
Boys Ranch Tr Wichita Falls, TX | $4,914,220 | $475,077 |
North Arkansas Medical Foundation Harrison, AR | $1,182,854 | $844,656 |