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Dd And Velma Davis Family Foundation Inc

Dd And Velma Davis Fam Foundation

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.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$6 (2023)

Expenses
$2.15M (2023)

Total Assets
$36.2M (2023)

Total Liabilities
$19.2k (2023)

Source: Form 990 tax filings from 2014 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6
Expenses
$2,150,045
Net Income
-$2,150,039
Net Assets
$36,225,849
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income -$755,918
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $755,399
> 100%
Net Inventory Sales $0
Other Revenue $525
> 100%
Notable Expenses Percent of Total Expenses
Executive Compensation $15,000
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $36,244,999
Total Liabilities $19,150
Net Assets $36,225,849
Compensation
Key Employees and Officers Compensation Related Other
Beverly D Davis (President/Director) $5,000 $0 $0
Joanna Roxanne Randolph (Vice President/Director) $5,000 $0 $0
Dana Nielsen (Vice President) $5,000 $0 $0
William High (Director) $0 $0 $0
Kim Harris (Secretary) $0 $25,797 $5,010
Mark Klinger (Treasurer) $0 $231,011 $22,187
Jason Yakelis (Director) $0 $215,740 $25,010
Erik Schartner (Director) $0 $177,319 $32,297

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$961,887
Expenses
$895,834
Net Income
$66,053
Net Assets
$37,725,678
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income -$218,049
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,179,893
> 100%
Net Inventory Sales $0
Other Revenue $43
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $15,000
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $37,989,678
Total Liabilities $264,000
Net Assets $37,725,678
Compensation
Key Employees and Officers Compensation Related Other
Beverly D Davis (President/Director) $5,000 $0 $0
Joanna Roxanne Randolph (Vice President/Director) $5,000 $0 $0
Dana Nielsen (Vice President) $5,000 $0 $0
William High (Director) $0 $305,458 $28,937
Kim Harris (Secretary) $0 $62,734 $28,367
Mark Klinger (Treasurer) $0 $223,635 $20,655

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,266,790
Expenses
$12,057,582
Net Income
-$3,790,792
Net Assets
$41,248,689
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $985,551
11.9%
Bond Proceeds $0
Royalties $0
Rental Property Income -$4,962
Net Fundraising $0
Sales of Assets $7,286,201
88.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $25,000
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $41,323,689
Total Liabilities $75,000
Net Assets $41,248,689
Compensation
Key Employees and Officers Compensation Related Other
Beverly D Davis (President/Director) $5,000 $0 $0
Joanna Roxanne Randolph (Vice President/Director) $5,000 $0 $0
Dana Nielsen (Vice President) $5,000 $0 $0
William High (Director) $0 $248,646 $29,932
Mark Klinger (Treasurer) $0 $205,204 $19,270
Kimberly A Harris (Secretary) $0 $65,736 $23,122

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$1,551,662
Expenses
$1,686,595
Net Income
-$3,238,257
Net Assets
$47,859,191
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income -$2,196,403
Bond Proceeds $0
Royalties $0
Rental Property Income -$15,128
Net Fundraising $0
Sales of Assets $658,202
Net Inventory Sales $0
Other Revenue $1,667
Notable Expenses Percent of Total Expenses
Executive Compensation $23,867
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $47,967,561
Total Liabilities $108,370
Net Assets $47,859,191
Compensation
Key Employees and Officers Compensation Related Other
Beverly D Davis (President/Director) $5,000 $0 $0
Dana Nielsen (Vice President) $5,000 $0 $0
Joanna Roxanne Randolph (Vice President/Director) $5,000 $0 $0
William High (Director) $0 $242,886 $32,111
Mark Klinger (Treasurer) $0 $168,925 $19,286
Kim Harris (Secretary) $0 $74,818 $9,462

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,487,477
Expenses
$1,811,127
Net Income
-$323,650
Net Assets
$49,056,350
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $539,245
36.3%
Bond Proceeds $0
Royalties $0
Rental Property Income -$22,523
Net Fundraising $0
Sales of Assets $970,639
65.3%
Net Inventory Sales $0
Other Revenue $116
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $49,115,059
Total Liabilities $58,709
Net Assets $49,056,350
Compensation
Key Employees and Officers Compensation Related Other
Beverly D Davis (President/Director) $0 $0 $0
Joanna Roxanne Randolph (Vice President/Director) $0 $0 $0
William High (Director) $0 $242,206 $27,437
Kim Harris (Secretary) $0 $72,211 $11,263
Mark Klinger (Treasurer) $0 $119,529 $15,606
Dana Nielsen (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,673,690
Expenses
$1,927,505
Net Income
$746,185
Net Assets
$44,372,738
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,399,968
52.4%
Bond Proceeds $0
Royalties $0
Rental Property Income -$3,315
Net Fundraising $0
Sales of Assets $1,277,037
47.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $44,389,041
Total Liabilities $16,303
Net Assets $44,372,738

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$257,608
Expenses
$2,317,124
Net Income
-$2,574,732
Net Assets
$49,642,551
Notable Sources of Revenue Percent of Total Revenue
Contributions $40,496
Program Services $0
Investment Income $982,332
Bond Proceeds $0
Royalties $0
Rental Property Income -$168,736
Net Fundraising $0
Sales of Assets -$1,110,844
Net Inventory Sales $0
Other Revenue -$856
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $49,642,551
Total Liabilities $0
Net Assets $49,642,551

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$741,203
Expenses
$2,293,084
Net Income
-$1,551,881
Net Assets
$47,713,557
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,488
2.0%
Program Services $0
Investment Income $696,815
94.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $64,477
8.7%
Net Fundraising $0
Sales of Assets -$34,577
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $47,727,357
Total Liabilities $13,800
Net Assets $47,713,557

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,802,804
Expenses
$2,290,117
Net Income
$10,512,687
Net Assets
$46,779,372
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,863,538
84.9%
Program Services $0
Investment Income $556,529
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $164,748
1.3%
Net Fundraising $0
Sales of Assets $1,171,245
9.1%
Net Inventory Sales $0
Other Revenue $46,744
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $46,793,172
Total Liabilities $13,800
Net Assets $46,779,372

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,574,412
Expenses
$1,837,195
Net Income
$41,737,217
Net Assets
$38,756,722
Notable Sources of Revenue Percent of Total Revenue
Contributions $41,121,289
94.4%
Program Services $0
Investment Income $571,394
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,881,729
4.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $38,756,722
Total Liabilities $0
Net Assets $38,756,722

Document Links

About 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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Types of Nonprofits

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