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Melvin Douglas And Victoria Kay Ivester Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$17.8M (2024)

Expenses
$3.66M (2024)

Total Assets
$78.6M (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,755,965
Expenses
$3,656,468
Net Income
$14,099,497
Net Assets
$78,573,624
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,543,654
25.6%
Interest Revenue $803
0.0%
Dividends $2,569,695
14.5%
Sales of Assets $10,671,029
60.1%
Other Income -$29,216
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,071,695
84.0%
Compensation of Officers* $298,500
8.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $78,573,624
Total Liabilities $0
Net Assets $78,573,624
Compensation
Key Employees and Officers Compensation Other
Lynn J Darby (Director, President) $135,500 $0
Swinton A Griffith Iii (Director,Cfo,Treasurer,Secretary,) $134,500 $0
M Douglas Ivester (Director) $9,500 $0
Oliver C Murray (Director) $9,500 $0
Brian K Rochester (Director) $9,500 $0
Martha Maron Weber (Vp And Asst. Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,613,433
Expenses
$2,992,190
Net Income
$13,621,243
Net Assets
$64,514,945
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,454,681
62.9%
Interest Revenue $1,159
0.0%
Dividends $1,845,990
11.1%
Sales of Assets $4,334,869
26.1%
Other Income -$23,266
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,573,859
86.0%
Compensation of Officers* $339,260
11.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $64,514,945
Total Liabilities $0
Net Assets $64,514,945
Compensation
Key Employees and Officers Compensation Other
Lynn J Darby (Director, President) $107,420 $0
M Douglas Ivester (Director) $106,420 $0
Swinton A Griffith Iii (Director,Cfo,Treasurer,Secretary,) $106,420 $0
Oliver C Murray (Director) $9,500 $0
Brian K Rochester (Director) $9,500 $0
Martha Maron Weber (Vp And Asst. Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,329,814
Expenses
$2,486,754
Net Income
$5,843,060
Net Assets
$50,900,746
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,622,358
43.5%
Interest Revenue $1,301
0.0%
Dividends $1,353,111
16.2%
Sales of Assets $3,366,066
40.4%
Other Income -$13,022
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,174,972
87.5%
Compensation of Officers* $241,381
9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $50,900,746
Total Liabilities $0
Net Assets $50,900,746
Compensation
Key Employees and Officers Compensation Other
Lynn J Darby (Director, President) $76,377 $0
M Douglas Ivester (Director) $75,377 $0
Swinton A Griffith Iii (Director,Cfo) $75,377 $0
Oliver C Murray (Director) $9,500 $0
Brian K Rochester (Director) $4,750 $0
Martha Maron Weber (Vp And Asst. Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,100,653
Expenses
$1,875,171
Net Income
$6,225,482
Net Assets
$45,060,671
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,540,691
43.7%
Interest Revenue $85
0.0%
Dividends $1,319,413
16.3%
Sales of Assets $3,262,449
40.3%
Other Income -$21,985
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,611,339
85.9%
Compensation of Officers* $237,240
12.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $45,110,664
Total Liabilities $49,993
Net Assets $45,060,671
Compensation
Key Employees and Officers Compensation Other
Lynn J Darby (Director, President) $76,580 $0
M Douglas Ivester (Director) $75,580 $0
Swinton A Griffith Iii (Director, Secretary & Treasurer) $75,580 $0
Oliver C Murray (Director) $9,500 $0
Martha Maron Weber (Vp And Asst. Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,778,917
Expenses
$1,692,248
Net Income
$4,086,669
Net Assets
$38,831,883
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,713,773
47.0%
Interest Revenue $820
0.0%
Dividends $1,241,553
21.5%
Sales of Assets $1,823,528
31.6%
Other Income -$757
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,519,912
89.8%
Compensation of Officers* $165,900
9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $38,831,884
Total Liabilities $1
Net Assets $38,831,883
Compensation
Key Employees and Officers Compensation Other
Lynn J Darby (Director, President) $52,800 $0
M Douglas Ivester (Director) $51,800 $0
Swinton A Griffith Iii (Director, Secretary & Treasurer) $51,800 $0
Oliver C Murray (Director) $9,500 $0
Martha Maron Weber (Vp And Asst. Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,168,794
Expenses
$1,387,596
Net Income
$3,781,198
Net Assets
$34,698,431
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,300,000
25.2%
Interest Revenue $741
0.0%
Dividends $1,231,886
23.8%
Sales of Assets $2,638,306
51.0%
Other Income -$2,139
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,234,591
89.0%
Compensation of Officers* $170,425
12.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $34,698,431
Total Liabilities $0
Net Assets $34,698,431

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,383,302
Expenses
$426,122
Net Income
$2,957,180
Net Assets
$12,817,915
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,800,000
82.8%
Interest Revenue $28
0.0%
Dividends $346,807
10.3%
Sales of Assets $236,467
7.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $387,857
91.0%
Compensation of Officers* $24,300
5.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,817,915
Total Liabilities $0
Net Assets $12,817,915

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,825,184
Expenses
$278,427
Net Income
$2,546,757
Net Assets
$9,860,735
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,200,000
77.9%
Interest Revenue $10
0.0%
Dividends $286,795
10.2%
Sales of Assets $338,379
12.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $245,983
88.3%
Compensation of Officers* $18,000
6.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,860,735
Total Liabilities $0
Net Assets $9,860,735

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,556,921
Expenses
$43,361
Net Income
$2,513,560
Net Assets
$7,313,978
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,000,000
78.2%
Interest Revenue $12
0.0%
Dividends $173,282
6.8%
Sales of Assets $383,627
15.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $11,620
26.8%
Compensation of Officers* $18,000
41.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,313,978
Total Liabilities $0
Net Assets $7,313,978

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,816,091
Expenses
$15,323
Net Income
$4,800,768
Net Assets
$4,800,418
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,816,000
100.0%
Interest Revenue $91
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $100
0.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,800,418
Total Liabilities $0
Net Assets $4,800,418

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,000
Expenses
$0
Net Income
$1,000
Net Assets
$1,000
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,000
Total Liabilities $0
Net Assets $1,000

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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