Davenport Charitable Trust
- Assets
- $25.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- Data as of
- 12/2022
- EIN
- 85-4129157
Organization Overview
Davenport Charitable Trust is located in Lincoln, NE. 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. Davenport Charitable Trust 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, Davenport Charitable Trust generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (62.4%) each year.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,585 |
| Net Rental Income | $663,786 |
| Net Gain on Sale of Assets | $15,000 |
| Capital Gain Net Income | $8,894 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,281,718 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,477 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,000 |
| Depreciation | $70,907 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $513,440 |
| Total operating and administrative expenses | $643,331 |
| Contributions, gifts, grants paid | $929,379 |
| Total expenses and disbursements | $1,572,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,570,273 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3 |
| 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 | $23,818,184 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,179 |
| Total assets | $25,390,639 |
| Accounts payable and accrued expenses | $849 |
| 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 | $849 |
Grants Awarded
Over the last fiscal year, Davenport Charitable Trust has awarded $929,379 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC DIOCESE OF GRAND ISLAND PURPOSE: TO FURTHER PROGRAMS OF THE ORGANIZATION. | $464,690 |
CATHOLIC DIOCESE OF LINCOLN PURPOSE: TO FURTHER PROGRAMS OF THE ORGANIZATION. | $464,689 |