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Albert Rees Davis Endowment Fund INC FY2022 filing

Tax-deductible

Solon, OH501(c)(3)EIN 34-6520102Revenue $11K in FY2022

On file with the IRSardendowment.org6755 Duneden Ave, 44139-4049 · Solon, OHTax-exempt since Jul 1962Supporting organization — 509(a)(3)

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Support for charitable and educational music activities particularly male choruses and support of music student scholarships

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $66K a year · 70% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11K
-38% vs prior year
Spent
$29K
To programs
97%
Net assets
$561K
By yearFY2021–FY2025
Revenue
$11K
FY2022▼ -38%
Tap a bar for its year
Revenue by fiscal year
FY2021$17K
FY2022$11K
FY2023$197K
FY2024$114K
FY2025$131K
Expenses
$29K
FY2022▲ +164%
Tap a bar for its year
Expenses by fiscal year
FY2021$11K
FY2022$29K
FY2023$45K
FY2024$30K
FY2025$25K
Net assets
$561K
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2021$619K
FY2022$561K
FY2023$739K
FY2024$917K
FY2025$998K

From the FY2022 Form 990 (year ending April 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1962.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $29K Management & general 3% · $850

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
John Specht
Vice President
$0Pt VII · Sec A
Steven P Muir
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Albert Rees Davis Endowment Fund INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds male choruses and music student scholarships to promote musical education.

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Provided by the organization

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2 programs · $29K · in their own filed words · FY2021
01

Support for The Singer's Club of Cleveland

$26Kprogram expense
02

Music scholarship competition

$3Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $74K · 2020–2024
Singers ClubOH · FY2024$20,992
Singer's Club of ClevelsndFY2022$41,468
Singers ClubOH · FY2020$11,054

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$11K
Ln 12
Investment incomeLn 3$9K
Gifts and grantsLn 1h$2K
Money outPt IX
$29K
Ln 25
Programscol B$29K
Managementcol C$850
Owns and owesPt X
$561K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$561K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Investment incomeLn 3$9K
Total revenueLn 12$11K
Assets in detailPt X, end of year
SavingsLn 2$22K
Cash and savings togetherLn 1–2$22K
InvestmentsLn 11–13$539K
Total assetsLn 16$561K
LiabilitiesLn 26$0
Net assetsLn 32$561K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$13K$22K
InvestmentsLn 11–13$606K$539K
Total assetsLn 16$619K$561K
LiabilitiesLn 26$0$0
Net assetsLn 32$619K$561K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$26K$26K
Grants to domestic individualsLn 2$3K$3K
Advertising and promotionLn 12$850$850
Total functional expensesLn 25$29K$29K$850$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $131K$25K$107K$998K 990 PDF
FY2024 $114K$30K$84K$917K 990 PDF
FY2023 $197K$45K$152K$739K 990 PDF
FY2022 Viewing $11K$29K−$19K$561K 990 PDF
FY2021 $17K$11K$6K$619K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $10,762 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,275$1,700
I-9 Program service revenue$0
I-10 Investment incomePrior year $7,946$9,062
I-11 Other revenue$0
I-12 Total revenuePrior year $17,221$10,762
I-13 Grants and similar amounts paidPrior year $11,054$28,647
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $100$850
I-18 Total expensesPrior year $11,154$29,497
I-19 Revenue less expensesPrior year $6,067−$18,735
Part VI · Governance 0 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $10,762 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,700
VIII-1h Total contributions, gifts and grants$1,700
VIII-3 Investment incomeRelated to mission $9,062$9,062
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $9,062$10,762
Part IX · Statement of functional expenses $29,497 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $25,847$25,847
IX-2 Grants to domestic individualsPrograms $2,800$2,800
IX-12 Advertising and promotionManagement $850$850
IX-25 Total functional expensesPrograms $28,647 · Management $850 · Fundraising $0$29,497
Part X · Balance sheet $561,181 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $12,615$21,728
X-11 Publicly traded securitiesStart of year $601,535$534,469
X-12 Other securitiesStart of year $4,822$4,984
X-16 Total assetsStart of year $618,972$561,181
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $231,354$212,208
X-28 Net assets with donor restrictionsStart of year $387,618$348,973
X-32 Total net assets or fund balancesStart of year $618,972$561,181
X-33 Total liabilities and net assetsStart of year $618,972$561,181
Part XI · Reconciliation of net assets $561,181 net assets at year end
XI-1 Total revenue$10,762
XI-2 Total expenses$29,497
XI-3 Revenue less expenses−$18,735
XI-4 Net assets at start of year$618,972
XI-10 Net assets at end of year$561,181

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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