DAVIS EDUCATIONAL FOUNDATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- DAVIS EDUCATIONAL FOUNDATION (EIN 04-2864042)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-08-09
- IRS object ID
- 201142219349300749
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-08-09T14:03:06-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berry Dunn McNeil & Parker LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1100 | AddressLine1 |
| City | Portland | City |
| State | ME | State |
| ZIP Code | 041041100 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042864042 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Davis Educational Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DAVI | NameControl |
| Phone | 2078469132 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 Forest Falls Drive No 5 | AddressLine1 |
| City | Yarmouth | City |
| State | ME | State |
| ZIP Code | 04096 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Anne M Vaillancourt | Name |
| Title | Executive Director | Title |
| Phone | 2078469132 | Phone |
| Date Signed | 2011-08-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Barbara J McGuan CPA | Name |
| Phone | 2077752387 | Phone |
| Date Prepared | 2011-08-09 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
| Name Of Principal Officer Person | Anne M Vaillancourt | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 Forest Falls Drive No 5 | AddressLine1 |
| City | Yarmouth | City |
| State | ME | State |
| ZIP Code | 04096 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 55280357 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | davisfoundations.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1985 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | Awards Grants | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 4 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -554424 | InvestmentIncomePriorYear |
| Investment Income Current Year | -3577696 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 117608 | OtherRevenuePriorYear |
| Other Revenue Current Year | 124355 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | -436816 | TotalRevenuePriorYear |
| Total Revenue Current Year | -3453341 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3739393 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3761408 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 348658 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 366457 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 300762 | OtherExpensePriorYear |
| Other Expenses Current Year | 275485 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4388813 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4403350 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -4825629 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -7856691 | RevenuesLessExpensesCY |
| Total Assets BOY | 89859486 | TotalAssetsBOY |
| Total Assets EOY | 95361802 | TotalAssetsEOY |
| Total Liabilities BOY | 3233311 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3039718 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 86626175 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 92322084 | NetAssetsOrFundBalancesEOY |
| Mission Description | To strengthen the undergraduate programs of public and private, regionally accredited baccalaureate degree granting colleges and universities located in New England through grants. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3855742 | Expense |
| Grants | 3761408 | Grants |
| Description | Grants made to colleges and universities in New England from organization assets, including direct investment related costs. See Schedule I for 2010 grants approved. | Description |
| Total Program Service Expense | 3855742 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 8 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 4 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Anne Vaillancourt | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2078469132 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 Forest Falls Drive No 5 | AddressLine1 |
| City | Yarmouth | City |
| State | ME | State |
| ZIP Code | 04096 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (8 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| Frank A Tredinnick Jr | ||||||
| Trustee | 8.00 | X | 20000 | 0 | 0 | |
| William S Reed | ||||||
| Trustee | 8.00 | X | 20000 | 0 | 0 | |
| Peter K Davis | ||||||
| Chairman | 12.00 | X | 0 | 0 | 0 | X |
| Sister M Therese Antone | ||||||
| Trustee | 8.00 | X | 8333 | 0 | 0 | |
| Richard W Cost | ||||||
| Trustee | 8.00 | X | 8333 | 0 | 0 | |
| Edward J Shanahan | ||||||
| Trustee | 8.00 | X | 8334 | 0 | 0 | |
| Judith B Wittenberg | ||||||
| Trustee | 8.00 | X | 20000 | 0 | 0 | |
| Anne M Vaillancourt | ||||||
| Executive Director | 16.00 | 87303 | 0 | 13503 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 172303 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 13503 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1043908 | TotalRevenueColumn |
| Exclusion | $1,043,908 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 54112094 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 58733698 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -4621604 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -4621604 | TotalRevenueColumn |
| Exclusion | -$4,621,604 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Management Fees | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 124355 | TotalRevenueColumn |
| Exclusion | $124,355 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 124355 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -3453341 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$3,453,341 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3761408 | Total |
| Program Services | 3761408 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 185807 | Total |
| Program Services | 85000 | ProgramServices |
| Management And General | 100807 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 143438 | Total |
| Management And General | 143438 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10041 | Total |
| Management And General | 10041 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8152 | Total |
| Management And General | 8152 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19019 | Total |
| Management And General | 19019 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7716 | Total |
| Management And General | 7716 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10637 | Total |
| Management And General | 10637 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 214307 | Total |
| Management And General | 214307 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5986 | Total |
| Management And General | 5986 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2202 | Total |
| Management And General | 2202 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9333 | Total |
| Management And General | 9333 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9334 | Total |
| Program Services | 9334 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9211 | Total |
| Management And General | 9211 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1552 | Total |
| Management And General | 1552 | ManagementAndGeneral |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral |
|---|---|---|
| Dues | 4479 | 4479 |
| Miscellaneous | 728 | 728 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4403350 | Total |
| Program Services | 3855742 | ProgramServices |
| Management And General | 547608 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4497414 | BOY |
| EOY | 11760009 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73506600 | BOY |
| EOY | 69936353 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11852772 | BOY |
| EOY | 13665440 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2700 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89859486 | BOY |
| EOY | 95361802 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45035 | BOY |
| EOY | 32342 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3188276 | BOY |
| EOY | 3007376 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3233311 | BOY |
| EOY | 3039718 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86626175 | BOY |
| EOY | 92322084 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86626175 | BOY |
| EOY | 92322084 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89859486 | BOY |
| EOY | 95361802 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -7856691 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 13552600 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type1 | X | SupportingOrg509a3Type1 |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation (2 entries)
| EINEIN | Type Of OrganizationTypeOfOrganization | Listed In Governing DocListedInGoverningDoc | Supported Organization NotifiedSupportedOrganizationNotified | Organized In USOrganizedInUS | AmountAmount |
|---|---|---|---|---|---|
| Wellesley College | |||||
| 042103637 | 2 | 1 | 1 | 1 | $0 |
| Dartmouth College | |||||
| 020222111 | 2 | 1 | 1 | 1 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 2 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 0 | SumOfAmounts |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Limited Partnership Interests | Description |
| Book Value | 13665440 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 13665440 | TotalOfBookValueSecurities |
| Total Revenue | -3453341 | TotalRevenue |
| Total Expenses | 4403350 | TotalExpenses |
| Excess Or Deficit For Year | -7856691 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 13552600 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 13552600 | TotalAdjustments |
| Excess Or Deficit Per FS | 5695909 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 9760597 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 13552600 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 13552600 | RevenueNotRptdF990 |
| Revenue Subtotal | -3792003 | RevenueSubtotal |
| Investment Expenses Not Included | 214307 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 124355 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 338662 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | -3453341 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 4064688 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 4064688 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 214307 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 124355 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 338662 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 4403350 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part XII, Line 4b - Other Adjustments: | Management Fees 124,355. |
| Part XIII, Line 4b - Other Adjustments: | Management Fees 124,355. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (20 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant | Address Line2AddressUS/AddressLine2 |
|---|---|---|---|---|---|---|---|---|
| Albertus Magnus College | ||||||||
| 700 Prospect Street | New Haven | CT | 06511 | 060646520 | 501(c)(3) | 72000 | To incorporate ePortfolios into the general education and honors curriculum. | |
| Amherst College | ||||||||
| PO Box 5000 | Amherst | MA | 010025000 | 042103542 | 501(c)(3) | 120678 | To incorporate learning goals into academic advising and first year seminars. | |
| Anna Maria College | ||||||||
| 50 Sunset Lane | Paxton | MA | 016121198 | 042002060 | 501(c)(3) | 50830 | To create an on-campus resource to deliver and facilitate pedagogical, curricular, and advising support for faculty. | |
| Bridgewater State University | ||||||||
| 131 Summer Street | Bridgewater | MA | 02325 | 046002284 | 501(c)(3) | 200000 | To support a teacher-scholar model to increase student engagement. | |
| Clark University | ||||||||
| 950 Main Street | Worcester | MA | 016101477 | 042111203 | 501(c)(3) | 260338 | To redesign undergraduate education. | |
| Colby College | ||||||||
| 4600 Mayflower Hill | Waterville | ME | 049018846 | 010211497 | 501(c)(3) | 187500 | To improve student writing proficiency in first year and upper level courses. | |
| Connecticut Distance Learning Consortium | ||||||||
| 85 Alumni Drive | Newington | CT | 06111 | 611605584 | 501(c)(3) | 157800 | To provide academic success coaches to adult students. | |
| Curry College | ||||||||
| 1071 Blue Hill Avenue | Milton | MA | 02186 | 042199867 | 501(c)(3) | 190331 | To improve curriculum instruction and assessment practices. | |
| Emmanuel College | ||||||||
| 400 The Fenway | Boston | MA | 02115 | 042105769 | 501(c)(3) | 206347 | To assess student learning. | |
| Five Colleges Incorporated | ||||||||
| 97 Spring Street | Amherst | MA | 010022324 | 046134696 | 501(c)(3) | 292500 | To increase collaboration and improve faculty and student access to courses, services, and resources at member campuses. | |
| Framingham State College | ||||||||
| 100 State Street | Framingham | MA | 017019101 | 046002284 | 249146 | To establish processes to aggregate and analyze data for program and curricular improvement. | ||
| Granite State College | ||||||||
| 8 Old Suncook Road | Concord | NH | 03301 | 026000937 | 501(c)(3) | 117630 | To assess core competencies and create an infrastructure for ongoing assessment. | |
| Northeastern University | ||||||||
| 360 Huntington Avenue | Boston | MA | 02115 | 041679980 | 501(c)(3) | 216000 | To design one-credit writing laboratories in the College of Professional Studies. | |
| Southern Connecticut State University | ||||||||
| 501 Crescent Street | New Haven | CT | 065151355 | 061363115 | 501(c)(3) | 270300 | For curriculum revision in the new Liberal Education Program and capstone courses. | |
| Southern New Hampshire University | ||||||||
| 2500 North River Road | Manchester | NH | 031061045 | 020274509 | 501(c)(3) | 152050 | For a new competency-based general education program. | |
| Sterling College | ||||||||
| PO Box 72 | Craftsbury Common | VT | 05827 | 030197728 | 501(c)(3) | 97631 | To strengthen teaching practices and writing curriculum. | |
| University of Connecticut | ||||||||
| Gulley Hall 352 Mansfield Road Unit | Storrs | CT | 062692048 | 066070722 | 501(c)(3) | 203000 | To develop and carryout inquiry-based writing in Student Learning Communities. | 2048 |
| University of Massachesetts at Amherst | ||||||||
| 181 Presidents Drive | Amherst | MA | 010039313 | 043167352 | 501(c)(3) | 273716 | To develop upper-level integrative experiences and to assess student learning in the new general education curriculum. | |
| University of Rhode Island | ||||||||
| Green Hall | Kingston | RI | 02881 | 056014351 | 501(c)(3) | 296811 | To support pedagogical and curricular innovations to address patterns of weakness in student learning. | |
| Vermont State Colleges | ||||||||
| PO Box 359 | Waterbury | VT | 056760359 | 030235662 | 501(c)(3) | 146800 | To improve academic program review and improvement processes. | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 19 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 1 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: The Organization conducts site visits for colleges/universities seeking funding and requires progress and completion reports from the grantee. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 4 | The trustees have voted to change the definition of Supported Organization to include any governmental unit (including Indian tribal governments) or their integral parts to the extent contributions would be deductible under Section 170 of the Code--(i.e., used exclusively for public purposes). In addition, the minimum number of trustees was reduced from five to three. | |
| Form 990, Part VI, Section B, line 11 | The Executive Director and the chairman of the board review Form 990 prior to the document's filing, and the Executive Director signs the return. | |
| The trustees disclose potential conflicts of interest annually. The disclosures are identified on a conflict of interest disclosure form. At the time the form is completed, the trustees discuss the disclosures to ensure no conflicts of interest exist. | Form 990, Part VI, Section B, line 12c | |
| Employee performance and salary reviews are conducted annually on the anniversary of employment and consist of: a performance review, a determination of whether the employee's salary is consistent within the industry, and a determination as to whether the yearly increases reflect merit, inflation, and/or changes of responsibilities. The employee will provide a narrative of accomplishments over the past year and a description of goals for the upcoming year. | Form 990, Part VI, Section B, line 15 | |
| The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. | Form 990, Part VI, Section C, line 19 | |
| Changes in Net Assets or Fund Balances: | Net unrealized gains on investments: 13,552,600. | Form 990, Part XI, line 5: |
| Oversight of Audit | The audit process has not changed from the prior year. | Form 990, Part XI, Line 2c: |
| Trustee Fees | Six of seven trustees of the Davis Educational Foundation receive trustee fees in the amount of $20,000 annually, prorated for the amount of time each trustee has been on the board. Peter Davis is a family member and does not receive any compensation from the Foundation in any form. The Davis Educational Foundation supports payment of $20,000 per trustee per year because of the significant work necessary when evaluating applicants. The trustees conduct site visits for colleges/universities seeking funding, and therefore, they travel throughout New England. Site visits are conducted by trustees in order to properly evaluate the grantee applications. The Organization contends that these payments do not impair the independence of its trustees. | Form 990, Page 7, Part VII |
| Per the declaration of trust, a majority of the trustees shall be appointed by the representative supported organization. The trustees determine the recipients of the Davis Educational Foundation grants each year. | Schedule A, Part I, Line 11 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| Wellesley College | ||||||||||
| 106 Central Street | Wellesley | MA | 024818203 | 042103637 | Educational Institution | MA | 501(c)(3) | Line 2 | N/A | 0 |
| Dartmouth College | ||||||||||
| 37 Dewey Field Road | Hanover | NH | 037551417 | 020222111 | Educational Institution | NH | 501(c)(3) | Line 2 | N/A | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |