Davis Education Foundation
- Assets
- $5.1m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, UT
- Founding
- 02/1984
- Data as of
- 06/2022
- EIN
- 87-0386379
Organization Overview
Davis Education Foundation is located in Farmington, UT. The organization was established in 1984. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 Education 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 06/2022, Davis Education Foundation generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $6.8m during the year ending 06/2022. While expenses have increased by 13.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE AND ENCOURAGE PRIVATE INDIVIDUALS AND BUSINESSES TO MAKE A DIRECT AND MEANINGFUL IMPACT ON CHILDREN WITHIN THE DAVIS SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR THE DAVIS SCHOOL DISTRICT'S PROGRAMS AND SCHOOLS.
SCHOLARSHIPS AND AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodi Lunt Executive Di | OfficerTrustee | 40 | $0 |
Spencer Carver Board Member | Trustee | 1 | $0 |
Heidi Murdock Board Member | Trustee | 1 | $0 |
Tami Tran Board Member | Trustee | 1 | $0 |
Cory Watson Exec. Commit | Trustee | 1 | $0 |
John Zurbuchen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $77,629 |
| Related organizations | $0 |
| Government grants | $67,987 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,898,169 |
| Noncash contributions included in lines 1a–1f | $2,012,415 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,043,785 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $283,855 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,327,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,106,040 |
| Grants and other assistance to domestic individuals. | $239,324 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,260 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,480,237 |
| Total functional expenses | $6,834,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,394,015 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,691,958 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,085,973 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $5,085,973 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,085,973 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Davis Education Foundation has recieved totaling $30,500.
| Awarding Organization | Amount |
|---|---|
C Scott And Dorothy E Watkins Charitable Foundation West Jordan, UT PURPOSE: CHARITABLE USE | $30,000 |
L Patrick & Marsha L Hassey Family Charitable Foundation Salt Lake City, UT PURPOSE: SYRACUSE HIGH SCHOOL SOCCER | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |