Overview
What is J F And Lake K Davis Trust?
The J F and Lake K Davis Trust is a philanthropic organization situated in Fincastle, Virginia. As per its trust instrument, the primary mission of this nonprofit entity is to distribute grants to other 501c3 organizations. To date, it has extended financial support to two such organizations: Patrick Henry Boys and Girls Plantation Inc., located in Brookneal, Virginia, and Joy Ranch Home for Children situated in Hillsville, Virginia. By providing these grants, the J F and Lake K Davis Trust aims to contribute to the causes and initiatives of these organizations, thereby positively impacting their respective communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (53%)
The J F And Lake K Davis Trust has received a low rating of 53%, reflecting significant concerns in its governance and transparency practices. The organization has no independent board members and lacks essential policies such as conflict of interest and whistleblower protections. While the charity has shown a strong program expense ratio of 75.97%, indicating that a substantial portion of its funds are directed toward its programs, its overall accountability and finance score is notably deficient.
Strengths of the organization include its effective use of funds for programming, as evidenced by a favorable program expense ratio. However, the absence of an independent board and missing governance documents significantly undermines its credibility and operational integrity. Moreover, the failure to list its website on tax forms and post required documents further detracts from its transparency.
In summary, while the J F And Lake K Davis Trust demonstrates a commitment to its programs, critical governance shortcomings and a lack of transparency policies are major limitations that potential donors should consider. The organization's low accountability and finance scores indicate a pressing need for improvements in these areas to enhance trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is J F And Lake K Davis Trust legitimate?
J F And Lake K Davis Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. J F And Lake K Davis Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $10,772
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of J F And Lake K Davis Trust?
The J F And Lake K Davis Trust is an organization that focuses on providing grants to other 501c3 organizations, as outlined in its trust instrument. It has allocated funds to organizations such as Patrick Henry Boys and Girls Plantation Inc. and Joy Ranch Home for Children. The exact purpose or goals of these recipient organizations are not specified in the provided information. The J F And Lake K Davis Trust operates independently, with its location not being mentioned in the data provided.
What is the revenue of J F And Lake K Davis Trust?
J F And Lake K Davis Trust's revenue in 2023 was $56,925.
Who are the executives of J F And Lake K Davis Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for J F And Lake K Davis Trust?
J F And Lake K Davis Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of J F And Lake K Davis Trust
The J.F. and Lake K. Davis Trust is an organization that focuses on grant-making. In line with its trust instrument, this philanthropic entity provides financial aid to other 501c3 organizations. While the provided information does not specify the purpose or focus areas of the grants, it mentions two beneficiaries: Patrick Henry Boys and Girls Plantation Inc. and Joy Ranch Home for Children. Both of these organizations are located in Virginia, suggesting that the J.F. and Lake K. Davis Trust may have a preference for supporting organizations within this state or those working in related fields. The trust's mission is to provide monetary assistance to eligible non-profit organizations, thereby contributing to various causes and initiatives that align with their criteria.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The J F And Lake K Davis Trust significantly impacts the community by providing financial support to other 501(c)(3) organizations dedicated to various causes. By distributing grants, it enables these organizations to further their missions and enhance their services. Notably, the Trust has supported entities such as the Patrick Henry Boys and Girls Plantation and the Joy Ranch Home for Children, both of which focus on improving the lives of children and families in need.
Located in Fincastle, Virginia, the Trust plays a crucial role in philanthropy within the local area, helping to ensure that vital programs and services continue to operate and reach those who benefit from them. Through its grant-making activities, the Trust fosters growth and sustainability in initiatives that contribute to the well-being of the community.
This information is meant to be a general summary of J F And Lake K Davis Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $56,782
- Gross Receipts: $87,656
Assets and Liabilities:
- Total Assets: $1,256,164
- Total Liabilities: $0
- Net Assets: $1,256,164
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1993
Principal Officer
John R Patterson
NTEE Category
Code: T90Z - Philanthropy
If you are a representative of J F And Lake K Davis Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.