Davis Family Foundation

Address
30 Forest Falls Drive No 5
Yarmouth, ME 04096
Contact
Website: http://www.davisfoundations.org
Phone: +1 (207) 846-9132
Nonprofit
NTEE: T90 - Named Trusts/Foundations N.E.C.
EIN: 01-0390443

Mission

To provide grants to colleges, universities, and other educational institutions; to hospitals and other health organizations with a primary interest in programs designed to increase the effectiveness or decrease the cost of medical care; and organizations whose customary and primary activity is to promote music, theatre, drama, history, literature, the arts, or other similar cultural activities.
 20162015201420132012
Basic features of the organization
Year of formation1983
Subsection code03
PF filing required0    
Metropolitan statistical area6403
Form of organization
TrustTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$82,290.00$75,472.00$70,130.00$67,253.00$65,869.00
Sum of reportable (W2/1099) compensation$62,166.00$68,095.00$63,857.00$61,448.00$60,755.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers22222
Number of highly compensated contractors0000 
Personnel
Bucci, David
TitleTrusteeTrusteeTrusteeTrusteeTrustee
Name of key/compensated personDavid J BucciDavid J BucciDavid J BucciDavid J BucciDavid J Bucci
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Bucci, Rebekah
TitleChairmanChairChairChairChairperson
Name of key/compensated personRebekah A BucciRebekah A BucciRebekah A BucciRebekah A BucciRebekah A Bucci
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Currie, Michael
TitleTrusteeTrusteeTrusteeTrusteeTrustee
Name of key/compensated personMichael R CurrieMichael R CurrieMichael R CurrieMichael R CurrieMichael R Currie
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$2,500.00$5,000.00$5,000.00$5,000.00$5,000.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Dicapua, Samuel
TitleTrusteeTrusteeTrusteeTrustee 
Name of key/compensated personSamuel M DiCapuaSamuel M DiCapuaSamuel M DiCapuaSamuel M DiCapua 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org2.002.002.002.00 
Reportable compensation from org$2,500.00$5,000.00$5,000.00$5,000.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Dilworth, Edward
TitleTrusteeTrustee   
Name of key/compensated personEdward L Dilworth IIIEdward L Dilworth III   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$2,500.00$3,750.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Hussey, Tim
TitlePast TrusteeTrustee   
Name of key/compensated personTim HusseyTim Hussey   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$0.00$2,500.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Lancaster, Ralph
TitleTrusteeTrusteeTrusteeTrusteeTrustee
Name of key/compensated personRalph I LancasterRalph I Lancaster JrRalph I Lancaster JrRalph I Lancaster JrRalph I Lancaster Jr
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$2,500.00$5,000.00$5,000.00$5,000.00$5,000.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
McCarthy, Kevin
Title  TrusteeTrusteeTrustee
Name of key/compensated person  Kevin P McCarthyKevin P McCarthyKevin P McCarthy
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  2.002.002.00
Reportable compensation from org  $5,000.00$5,000.00$5,000.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Noyes, Al
TitleTrustee    
Name of key/compensated personAl Noyes    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2.00    
Reportable compensation from org$2,500.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Pringle, Anne
TitleTrusteeTrusteeTrusteeTrusteeTrustee
Name of key/compensated personAnne B PringleAnne B PringleAnne B PringleAnne B PringleAnne B Pringle
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$2,500.00$5,000.00$5,000.00$5,000.00$5,000.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Sawyer, Alden
Title    Trustee
Name of key/compensated person    Alden H Sawyer Jr
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    2.00
Reportable compensation from org    $5,000.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Vaillancourt, Anne
TitleExecutive DirectorExecutive DirectorExecutive DirectorExecutive DirectorExecutive Director
Name of key/compensated personAnne VaillancourtAnne VaillancourtAnne VaillancourtAnne VaillancourtAnne Vaillancourt
Position of compensated person
Average hours per week working for org16.0016.0016.0016.0016.00
Reportable compensation from org$47,166.00$41,845.00$38,857.00$36,448.00$35,755.00
Other comp, non-reportable, from org and related orgs$7,624.00$7,377.00$6,273.00$5,805.00$5,114.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesAward GrantsAward GrantsAward GrantsAward GrantsAward Grants
Program service expenses, total$2,399,162.00$2,504,365.00$2,270,517.00$2,121,359.00$2,342,808.00
Programs, including revenue & expenses
Grants allocated in support of 501(c)(3) organizations. See Schedule I for 2016 grants approved.
Program expenses$2,399,162.00$2,504,365.00$2,270,517.00$2,121,359.00$2,342,808.00
Grants and allocations made$2,371,662.00$2,478,115.00$2,245,517.00$2,096,359.00$2,317,808.00
Program revenue$53,749.00 $10,818.00$13,300.00$25,000.00
Program descriptionGrants allocated in support of 501(c)(3) organizations. See Schedule I for 2016 grants approved.Grants allocated in support of 501(c)(3) organizations. See Schedule I for 2015 grants approved.Grants allocated in support of 501(c)(3) organizations. See Schedule I for 2014 grants approved.Grants allocated in support of 501(c)(3) organizations. See Schedule I for 2013 grants approved.Grants allocated in support of 501(c)(3) organizations. See Schedule I for 2012 grants approved.
Financial data
Revenue
Total revenue$2,368,042.00$1,092,594.00$1,809,162.00$2,392,388.00$1,562,545.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$2,314,293.00$1,092,594.00$1,798,344.00$2,379,088.00$1,537,545.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$53,749.00$0.00$10,818.00$13,300.00$25,000.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total) $0.00$0.00$0.00$0.00
Gross receipts$11,001,080.00$8,935,225.00$13,136,294.00$2,754,660.00$2,674,943.00
Other types of revenue
Miscellaneous revenue (total)$53,749.00 $10,818.00$13,300.00$25,000.00
Income from dividends, interest, and similar investments$958,965.00$806,979.00$843,225.00$764,831.00$841,129.00
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$2,793,841.00$2,891,643.00$2,655,758.00$2,454,688.00$2,629,158.00
Total functional expenses: program service $2,399,162.00$2,504,365.00$2,270,517.00$2,121,359.00$2,342,808.00
Total functional expenses: management and general$394,679.00$387,278.00$385,241.00$333,329.00$286,350.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)  $140.00  
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$70,052.00$65,263.00$67,273.00$50,002.00$34,361.00
Investment management fees (total)$216,212.00$212,214.00$215,312.00$179,004.00$153,702.00
Assets and liabilities
Total assets$66,304,725.00$64,394,372.00$70,283,775.00$69,759,581.00$62,904,079.00
Total assets, beginning of year$64,394,372.00$70,283,775.00$69,759,581.00$62,904,079.00$57,792,759.00
Total liabilities$23,138.00$13,479.00$38,154.00$31,388.00$6,507.00
Total liabilities, beginning of year$13,479.00$38,154.00$31,388.00$6,507.00$10,636.00
Pledges & accounts receivable, net   $8,300.00$10,000.00
Unrestricted net assets, end of yr$66,281,587.00$64,380,893.00$70,245,621.00$69,728,193.00$62,897,572.00
Net assets$66,281,587.00$64,380,893.00$70,245,621.00$69,728,193.00$62,897,572.00
Net assets, beginning of year$64,380,893.00$70,245,621.00$69,728,193.00$62,897,572.00$57,782,123.00
Other liabilities $0.00$27,075.00$23,740.00 
Other assets$16,332.00$53,693.00$50,831.00$52,823.00$51,009.00
Investments: other securities$18,907,272.00$22,899,398.00$26,440,769.00$24,247,778.00$22,953,426.00
Investments: publicly traded securities$46,927,634.00$41,198,481.00$43,438,898.00$44,973,954.00$39,740,213.00
Other financial variables
Revenue less expenses-$425,799.00-$1,799,049.00-$846,596.00-$62,300.00-$1,066,613.00
Savings & temp cash investment$453,487.00$242,800.00$353,277.00$476,726.00$149,431.00
Accounts payable & accrued expenses$23,138.00$13,479.00$11,079.00$7,648.00$6,507.00
Total net assets or fund balances$66,281,587.00$64,380,893.00$70,245,621.00$69,728,193.00$62,897,572.00
Governance and accountability
Number of voting members88777
Number of independent voting members88777
Financial sheets audited  TrueTrueTrue
Relationships among key personnelTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-11-082016-12-122015-09-142014-10-272014-01-14
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.1
Filing identifier201732719349300403201642159349300219201502249349301135201442189349300049201312199349300836
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