Nonprofit · EIN 61-1816364
IRENE E AND GEORGE A DAVIS FOUNDATION
Tax-exempt · SPRINGFIELD, MA 01144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $19,917,255 | $10,460,868 | $9,456,387 | $104,277,227 | $0 | $104,277,227 |
| December 31, 2023 | 990-PF | $26,945,016 | $9,664,055 | $17,280,961 | $94,820,840 | $0 | $94,820,840 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,186,976
- Dividends
- $1,715,479
- Net gain from sales of assets
- $14,964,800
- Other income
- $50,000
Expenses
- Grants and similar amounts paid
- $8,491,456
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $588,937
- Disbursements for charitable purposes
- $9,593,563
- Excise tax on investment income
- $292,515
Balance sheet and other
- Total assets, start of year
- $94,820,840
- Total assets, end of year
- $104,277,227
- Total liabilities, end of year
- $0
- Net assets, end of year
- $104,277,227
- Fair market value of assets
- $206,328,870
- Qualifying distributions
- $9,593,563
- Net investment income
- $22,268,083
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL BELSITO ONE MONARCH PLACE, SPRINGFIELD, MA 01144 | EXEC DIR Highest-paid employee | 40 | $255,846 | $21,278 |
| KILEY O'MEARA ONE MONARCH PLACE, SPRINGFIELD, MA 01144 | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $124,199 | $35,004 |
| MEREDITH KENT ONE MONARCH PLACE, SPRINGFIELD, MA 01144 | GRANTS MANAGER Highest-paid employee | 40 | $97,027 | $30,981 |
| GINA PIOGGIA ONE MONARCH PLACE, SPRINGFIELD, MA 01144 | EXEC ADMINISTRATOR Highest-paid employee | 40 | $80,000 | $31,833 |
| SHEILA GOULD ONE MONARCH PLACE, SPRINGFIELD, MA 01144 | DIR - EARLY LITERACY Highest-paid employee | 40 | $31,865 | $7,365 |
| STEPHEN A DAVIS 330 S OCEAN BLVD APT 4F, PALM BEACH, FL 33480 | DIRECTOR | 0 | $0 | $0 |
| JANE E DAVIS-KUSEK PO BOX 263, TETON VILLAGE, WY 83025 | VP/SEC/DIR | 0 | $0 | $0 |
| LAUREL D FERRETTI ONE MONARCH PLACE SUITE 1300, SPRINGFIELD, MA 01144 | PRES/DIR | 0 | $0 | $0 |
| ANDREW M DAVIS ONE MONARCH PLACE SUITE 1300, SPRINGFIELD, MA 01144 | TREAS/DIR | 0 | $0 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL BELSITO ONE MONARCH PLACE, SPRINGFIELD, MA 01144 | EXEC DIR Highest-paid employee | 40 | $233,474 | $24,675 |
| MEREDITH KENT ONE MONARCH PLACE, SPRINGFIELD, MA 01144 | GRANTS MANAGER Highest-paid employee | 40 | $90,050 | $31,279 |
| SHEILA GOULD ONE MONARCH PLACE, SPRINGFIELD, MA 01144 | DIRECTOR Highest-paid employee | 40 | $46,032 | $11,933 |
| GINA PIOGGIA ONE MONARCH PLACE, SPRINGFIELD, MA 01144 | EXEC ADMINISTRATOR Highest-paid employee | 40 | $13,949 | $8,405 |
| STEPHEN A DAVIS 330 S OCEAN BLVD APT 4F, PALM BEACH, FL 33480 | DIRECTOR | 0 | $0 | $0 |
| JANE E DAVIS-KUSEK PO BOX 263, TETON VILLAGE, WY 83025 | VP/SEC/DIR | 0 | $0 | $0 |
| LAUREL D FERRETTI ONE MONARCH PLACE SUITE 1300, SPRINGFIELD, MA 01144 | PRES/DIR | 0 | $0 | $0 |
| ANDREW M DAVIS ONE MONARCH PLACE SUITE 1300, SPRINGFIELD, MA 01144 | TREAS/DIR | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 MONARCH PL STE 1300, SPRINGFIELD, MA 01144-4011
- In care of
- % ANDREW M DAVIS
- Signed the 990-PF
- LAUREL D FERRETTI, PRES/DIR
- Phone
- (413) 734-8336
- Website
- www.davisfdn.org
- Return prepared by
- PwC US Tax LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 61-1816364
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $104,277,227
- Income (IRS master file)
- $25,483,832
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $19,917,255 | $10,460,868 | $104,277,227 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $26,945,016 | $9,664,055 | $94,820,840 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 61-1816364).
Questions about IRENE E AND GEORGE A DAVIS FOUNDATION
- What is the EIN of IRENE E AND GEORGE A DAVIS FOUNDATION?
- The employer identification number (EIN) of IRENE E AND GEORGE A DAVIS FOUNDATION is 61-1816364.
- Is IRENE E AND GEORGE A DAVIS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to IRENE E AND GEORGE A DAVIS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does IRENE E AND GEORGE A DAVIS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of IRENE E AND GEORGE A DAVIS 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 IRENE E AND GEORGE A DAVIS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of IRENE E AND GEORGE A DAVIS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 5 received compensation from the organization, the highest $255,846 (PAUL BELSITO, EXEC DIR).
- How much revenue does IRENE E AND GEORGE A DAVIS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $19,917,255, expenses of $10,460,868 and total assets of $104,277,227 at year end.
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