Michael R Davidson Foundation INC

Tax-deductible

Garden City, NY501(c)(3)Human ServicesEIN 87-1122036Revenue $179K in FY2023

On file with the IRS2417 Jericho Turnpike 534, 11040-4710 · Garden City, NYTax-exempt since Mar 2022Publicly supported charity — 170(b)(1)(A)(vi)

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The Michael R. Davidson Foundation was formed to honor the memory of FDNY Lieutenant Michael R. Davidson, who made the ultimate sacrifice when he laid down his own life to save the lives of others. Drawing inspiration from Michael's spirit of selflessness and love for others, we look forward to giving back to the communities to which he served and belonged. Thus, our commitment to community wlll focus specifically on the physical,mental, and emotional well-being of families and children in need. The mission of this Organization is to raise funds to be used for the support of the families of military and first responders in their times of greatest need including financial assistance and providing a network of meaningful resources and support.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 18.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$179K
Spent
$130K
To programs
94%
Net assets
$198K
By yearFY2021–FY2023
Revenue
$179K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2021$80K
FY2022$0
FY2023$179K
Net assets
$198K
FY2023▲ +146%
Tap a bar for its year
Net assets by fiscal year
FY2021$80K
FY2022$80K
FY2023$198K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Mar 2022.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $123K Management & general 6% · $8K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Michael R Davidson Foundation 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

Supports families of military and first responders with financial and emotional aid.

Provided by the organization

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1 program · $123K · in their own filed words · FY2023
01

The Michael R. Davidson Foundation was formed to honor the memory of FDNY Lieutenant Michael R. Davidson, who made the ultimate sacrifice when he laid down his own life to save the lives of others.

$123Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$100
Grants paid · 1 grant · $104K · 2023–2023
Unitemized GrantFY2023$104,355

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$179K
Ln 12
Other incomeLn 4–11$168K
Gifts and grantsLn 1h$11K
Money outPt IX
$130K
Ln 25
Programscol B$123K
Managementcol C$8K
Owns and owesPt X
$198K
net assets · Ln 32
Cash and savingsLn 1–2$202K
Total assetsLn 16$202K
LiabilitiesLn 26$4K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Other incomeLn 4–11$168K
Gains on assetsLn 7$0
Total revenueLn 12$179K
Assets in detailPt X, end of year
CashLn 1$202K
SavingsLn 2$0
Cash and savings togetherLn 1–2$202K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$202K
LiabilitiesLn 26$4K
Net assetsLn 32$198K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$154K$202K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$154K$202K
LiabilitiesLn 26$4K$4K
Net assetsLn 32$149K$198K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$104K$104K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$975$975
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$842$842
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$943$943
Other expenses (24a–d)Ln 24$21K$18K$2K
All other expensesLn 24e$133$133
Total functional expensesLn 25$130K$123K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $179K$130K$49K$198K 990 PDF
FY2022 $0$80K 990 PDF
FY2021 $80K$80K 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 FY2023 990 (6 parts)
Part I · Summary $178,768 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $60,256$11,169
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $95,269$167,599
I-12 Total revenuePrior year $155,525$178,768
I-13 Grants and similar amounts paidPrior year $70,157$104,355
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $16,472$25,908
I-18 Total expensesPrior year $86,629$130,263
I-19 Revenue less expensesPrior year $68,896$48,505
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $178,768 across 8 lines filed
VIII-1f All other contributions, gifts and grants$11,169
VIII-1h Total contributions, gifts and grants$11,169
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$167,599
VIII-12 Total revenue$178,768
Part IX · Statement of functional expenses $130,263 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $104,355$104,355
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $975$975
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $842$842
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $2,326$2,326
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $943$943
IX-24 Other expenses (24a–d)Programs $18,375 · Management $2,314$20,689
IX-24e All other expensesManagement $133$133
IX-25 Total functional expensesPrograms $122,730 · Management $7,533 · Fundraising $0$130,263
Part X · Balance sheet $202,178 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $153,673$202,178
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $153,673$202,178
X-17 Accounts payable and accrued expensesStart of year $4,500$4,500
X-26 Total liabilitiesStart of year $4,500$4,500
X-27 Net assets without donor restrictionsStart of year $149,173$197,678
X-32 Total net assets or fund balancesStart of year $149,173$197,678
X-33 Total liabilities and net assetsStart of year $153,673$202,178
Part XI · Reconciliation of net assets $197,678 net assets at year end
XI-1 Total revenue$178,768
XI-2 Total expenses$130,263
XI-3 Revenue less expenses$48,505
XI-4 Net assets at start of year$149,173
XI-10 Net assets at end of year$197,678

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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