T Whitfield Davidson Foundation
- Assets
- $856.4k
- Revenue
- $207.1k
- Investments
- $108.4k
- Employees
- 0
- Location
- Marshall, TX
- Founding
- 10/1960
- Data as of
- 12/2022
- EIN
- 75-6038584
Organization Overview
T Whitfield Davidson Foundation is located in Marshall, TX. The organization was established in 1960. 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. T Whitfield Davidson 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 12/2022, T Whitfield Davidson Foundation generated $207.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $133.8k during the year ending 12/2022. While expenses have increased by 2.4% 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 2016, T Whitfield Davidson Foundation has awarded 34 individual grants totaling $177,000. 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 |
|---|---|---|---|
Billy J Davidson Trustee | 1 | $1,500 | |
Robert Duvall V. Chairman/sec | 3 | $1,500 | |
Bill Cornelius Jr Trustee | 1 | $1,500 | |
William M Runnels Trustee | 1 | $1,500 | |
J Rodney Gilstrap Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,994 |
| Net Rental Income | $6,464 |
| 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 | $196,663 |
| Total Revenue | $207,121 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $15,600 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,473 |
| Depreciation | $2,383 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,920 |
| Total operating and administrative expenses | $104,251 |
| Contributions, gifts, grants paid | $29,500 |
| Total expenses and disbursements | $133,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,010 |
| Savings and temporary cash investments | $163,440 |
| 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 | $498,611 |
| Other assets | $0 |
| Total assets | $856,446 |
| Accounts payable and accrued expenses | $2,387 |
| 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 | $4 |
| Total liabilities | $2,391 |
Grants Awarded
Over the last fiscal year, T Whitfield Davidson Foundation has awarded $29,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
EAST TEXAS BAPTIST UNIVERSITY PURPOSE: TEACHING OF HISTORY OF RELIGIONS & RELIGIOUS PRINCIPLES | $18,000 |
TRINITY EPISCOPAL SCHOOL PURPOSE: SUPPORT TO AN EDUCATIONAL INSTITUTION TO TEACH STUDENTS AMERICAN GOVERNMENT AND RELIGIOUS PRINCIPLES | $3,000 |
BAYLOR UNIVERSITY LAW SCHOOL PURPOSE: EDUCATIONAL INSTITUTION FOR OPERATING BUDGET TO SUPPLEMENT TEACHING COSTS OF SCHOOL OF LAW | $7,000 |
MICHELSON MUSEUM OF ART PURPOSE: EDUCATIONAL MUSEUM | $1,000 |
DAUGHTERS OF AMERICAN REP PURPOSE: OPERATIONS TO FUNDTAX EMPT PURPOSES | $500 |