Nonprofit · EIN 04-2864042
DAVIS EDUCATIONAL FOUNDATION
Tax-exempt · YARMOUTH, ME 04096
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,154,414 | $4,519,063 | $635,351 | $130,344,004 | $2,478,559 | $127,865,445 |
| December 31, 2023 | 990 | $3,596,754 | $3,273,990 | $322,764 | $118,326,807 | $1,686,125 | $116,640,682 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $4,863,220
- Net gain from sales of assets
- $3,484,682
- Other revenue
- $291,194
Expenses
- Grants and similar amounts paid
- $3,426,585
- Compensation of officers, directors and key employees
- $294,381
- Other salaries and wages
- $321,449
- Salaries, compensation and benefits (total)
- $711,747
- Professional fundraising fees
- $0
- Legal fees
- $2,800
- Accounting fees
- $16,445
- Occupancy
- $21,728
- Travel
- $6,671
- Program services (functional)
- $3,846,534
- Management and general (functional)
- $672,529
Balance sheet and other
- Total assets, start of year
- $118,326,807
- Total assets, end of year
- $130,344,004
- Total liabilities, end of year
- $2,478,559
- Net assets, end of year
- $127,865,445
- Publicly traded securities
- $77,074,379
- Net assets without donor restrictions
- $127,865,445
- Gross receipts
- $14,643,190
- Employees
- 5
- Volunteers
- 1
- Year formed
- 1985
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Leanne Greeley Bond | Director of Grants & Programs Highest-paid employee | 36 | $137,281 | $27,233 |
| Yvonne B Mumme | Chief Finance & Admin. Officer Officer | 32 | $129,592 | $21,392 |
| Edward MacKay | Chair Trustee or director, Officer | 12 | $43,750 | $0 |
| Sister M Therese Antone | Trustee Trustee or director | 8 | $28,750 | $0 |
| Richard Freeland | Trustee Trustee or director | 8 | $28,750 | $0 |
| A Clayton Spencer | Trustee Trustee or director | 8 | $28,750 | $0 |
| Dennis Berkey | Past Trustee Trustee or director | 8 | $13,750 | $0 |
| William Wheeler | Trustee Trustee or director | 8 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Leanne Greeley Bond | Director of Grants & Programs Highest-paid employee | 40 | $138,610 | $25,223 |
| Yvonne B Mumme | Chief Finance & Admin. Officer Officer | 36 | $129,810 | $18,835 |
| Edward MacKay | Chair Trustee or director, Officer | 12 | $40,000 | $0 |
| Sister M Therese Antone | Trustee Trustee or director | 8 | $25,000 | $0 |
| Dennis Berkey | Trustee Trustee or director | 8 | $25,000 | $0 |
| Richard Freeland | Trustee Trustee or director | 8 | $25,000 | $0 |
| A Clayton Spencer | Trustee Trustee or director | 8 | $16,667 | $0 |
| Judith B Wittenberg | Past Trustee Trustee or director | 8 | $4,200 | $0 |
| William Wheeler | Trustee Trustee or director | 8 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 30 FOREST FALLS DR STE 5, YARMOUTH, ME 04096-6983
- Principal officer (990 for 2024)
- Yvonne B Mumme, 30 Forest Falls Dr Ste 5, Yarmouth, ME 04096
- Signed the 990
- Yvonne Mumme, Chief Finance and Admin. Officer
- Phone
- (207) 846-9132
- Website
- www.davisfoundations.org/def
- Return prepared by
- Berry Dunn McNeil & Parker LLC
Mission
To strengthen the undergraduate programs of public and private, regionally accredited baccalaureate degree granting colleges and universities located in New England through grants.
Program accomplishments
- Grants made to colleges and universities in New England from organization assets, including direct investment related costs. See Schedule I for grants approved.Expenses $3,846,534 · grants $3,426,585 · revenue $73,522
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2864042
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B120)
- Assets (IRS master file)
- $130,344,004
- Income (IRS master file)
- $14,643,190
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,154,414 | $4,519,063 | $130,344,004 | XML |
| 990 | December 2023 | $3,596,754 | $3,273,990 | $118,326,807 | XML |
| 990 | December 2022 | $2,690,787 | $4,986,116 | $103,795,591 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about DAVIS EDUCATIONAL FOUNDATION
- What is the EIN of DAVIS EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of DAVIS EDUCATIONAL FOUNDATION is 04-2864042.
- Is DAVIS EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to DAVIS EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does DAVIS EDUCATIONAL FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DAVIS EDUCATIONAL FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DAVIS EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DAVIS EDUCATIONAL FOUNDATION?
- The 990 for the year ended December 31, 2024 names Yvonne B Mumme.
- Who are the officers and directors of DAVIS EDUCATIONAL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 7 received compensation from the organization, the highest $137,281 (Leanne Greeley Bond, Director of Grants & Programs).
- How much revenue does DAVIS EDUCATIONAL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,154,414, expenses of $4,519,063 and total assets of $130,344,004 at year end.
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