EMILY MONK DAVIDSON FOUNDATION INC
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THE EMILY MONK DAVIDSON FOUNDATION PRESIDENT IS EMILY MONK DAVIDSON. MS. DAVIDSON IS 75 YEARS OLD, AND WAS TOTALLY QUARANTINED FROM MARCH OF 2020 DURING THE COVID-19 PANDEMIC UNTIL VERY RECENTLY IN MAY OF 2021 WHEN SHE WAS ABLE TO GET VACCINATED. SHE IS STILL VERY MUCH LIMITING HER EXPOSURE TO OTHER PERSONS. THE ORIGINAL DUE DATE OF THE FOUNDATION TAX RETURN WAS 1/15/21 DURING HER QUARANTINE PERIOD. THE CPA FIRM WHICH PREPARES THIS 990-PF HAD SEVERAL STAFF OUT WITH COVID-19 INCLUDING THE ASSEMBLY AND TAX RETURN TRACKING SUPERVISOR. DURING THIS PERIOD, THE EXTENSION FORM FOR THE 990-PF WAS INADVERTENTLY NOT MAILED. THIS IS THE TOTAL FAULT OF THE CPA FIRM, HOWEVER, DUE TO COVID-19 RELATED WORK LIMITATIONS AND SHUTDOWN IN THE OFFICE DURING THAT PERIOD, THE CPA FIRM BELIEVES THIS MEETS THE REASONABLE CAUSE FOR ABATING ANY FAILURE TO FILE PENALTY. WE HAVE SUPPRESSED THE FAILURE TO FILE PENALTY IN THE BALANCE OWED, AS WE ARE CERTAIN IF THERE HAS EVER BEEN A RESONABLE CAUSE THAT THE COVID-19 SHUTDOWNS FOR A SMALL FIRM AS OURS WILL MEET THAT REQUIREMENT. OUR FIRM HAS AN IMPECABLE HISTORY WITH FILING ALL RETURNS TIMELY AND THIS WAS THE ONLY MISTAKE DURING THE COVID-19 PANDEMIC PERIOD FROM MARCH OF 2020 TO NOW. IN CONTINUATION, IT WAS IMPOSSIBLE FOR THE TAX PREPARER TO OBTAIN ACCESS TO ALL REQUIRED DOCUMENTS REQUIRED TO PREPARE THE RETURN BY 1/15/21 GIVEN THE FOUNDATION PRESIDENT'S TOTAL SELF-QUARANINE. MORESO, IT WAS ABSOLUTELY IMPOSSIBLE TO OBTAIN SIGNATURES NECESSARY FOR FILING THE TAX RETURNS OR EXTENSION FORMS. THE TAX PREPARER ABSOLUTELY REQUESTS THE IRS ACCEPT THE TAX RETURN FOR THE 8/31/19 PERIOD AS FILED DUE TO EXTENUATING CIRCUMSTANCES AND REQUESTS THE ABATEMENT OF ANY PENALTIES DUE TO REASONABLE CAUSE, AND COMMITS THAT ALL FUTURE TAX RETURNS WILL BE FILED BY THE ORIGINAL DUE DATE OF 1/15. FINALLY, IT WOULD DO GREAT HARM TO THE FOUNDATION TO IMPOSE ANY SIGNIFICANT PENALTIES AS THE ENTIRETY OF FOUNDATION EARNINGS, AND MORE, ARE DONATED EACH YEAR TO QUALIFIED PUBLIC CHARITIES. THE FOUNDATION PRESIDENT CPA FIRM PREPARING THIS 990-PF REQUESTS ABATEMENT OF ALL PENALTIES FOR LATE FILING SO NO CASH WHICH WOULD BE USED FOR CHARITABLE ACTIVITIES IS UTILIZED FOR UNNECESSARY PENALTY COSTS.
Application Information
Financial Trends 2022 data appears limited (dashed line) because the IRS transitioned its e-filing system that year and only published 2 months of XML archives.
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2020 | N/A | $1.6M | $12K | N/A |
| 2021 | N/A | $2.9M | $1.1M | N/A |
| 2022 | $114K | $2.3M | $-38K | 18 |
| 2023 | N/A | $2.7M | $-141K | N/A |
Grant Size Distribution
Based on 37 grants on record
Geographic Distribution
Key Personnel
| Name | Title | Compensation |
|---|---|---|
| EMILY MONK DAVIDSON | PRESIDENT | — |
| ROBERT T MONK JR | VICE PRESIDE | — |
| ROBERT C VAUGHN JR | ASST. SECRET | — |
Grants Awarded (37 total)
| Recipient | Location | Amount | Purpose | Year |
|---|---|---|---|---|
| FOOD BANK OF CENTRAL & EASTERN NC | GREENVILLE, NC | $20,000 | GENERAL SUPPORT - GREENVILLE NC | 2023 |
| TOWN OF FARMVILLE | FARMVILLE, NC | $20,000 | LIBRARY PROJECT | 2023 |
| MOUNT VERNON LADIES ASSOCIATION | MOUNT VERNON, VA | $20,000 | MANSION | 2023 |
| TOWN OF FARMVILLE | FARMVILLE, NC | $20,000 | LIBRARY PROJECT | 2022 |
| FARMVILLE UNITED METHODIST CHURCH | FARMVILLE, NC | $15,000 | GARDEN CONTRIBUTION | 2022 |
| ECU FOUNDATION | GREENVILLE, NC | $12,000 | SCHOOL OF MUSIC 4 SEASONS RESIDENCY | 2023 |
| ECU FOUNDATION | GREENVILLE, NC | $12,000 | SCHOOL OF MUSIC 4 SEASONS RESIDENCY | 2022 |
| NATURE CONSERVANCY | ARLINGTON, VA | $11,000 | NORTH CAROLINA/NATIONAL | 2023 |
| PITT COMMUNITY COLLEGE FOUNDATION | WINTERVILLE, NC | $10,000 | GENERAL SUPPORT | 2022 |
| WORLD CENTRAL KITCHEN | WASHINGTON, DC | $10,000 | GENERAL SUPPORT | 2023 |
| FARMVILLE COMMUNITY ARTS COUNCIL | FARMVILLE, NC | $10,000 | RENOVATION STAGE/SOUND SYSTEM | 2023 |
| FOOD BANK OF CENTRAL & EASTERN NC | GREENVILLE, NC | $10,000 | GENERAL SUPPORT - GREENVILLE NC | 2022 |
| DOCTORS WITHOUT BORDERS | NEW YORK, NY | $10,000 | GENERAL SUPPORT | 2023 |
| ENDOWMENT FUND OF NC STATE UNIVERSI | RALEIGH, NC | $10,000 | JLBG ENDOWMENT | 2023 |
| CENTER FOR FAMILY VIOLENCE PREVENTI | GREENVILLE, NC | $10,000 | GENERAL SUPPORT | 2022 |
| WETA MEMBER SERVICES | ARLINGTON, VA | $7,000 | GENERAL SUPPORT | 2023 |
| PBS NORTH CAROLINA | RESEARCH TRIANGLE PARK, NC | $7,000 | GENERAL SUPPORT | 2023 |
| SOUTHERN ENVIRONMENTAL LAW CENTER | CHARLOTTESVILLE, VA | $7,000 | GENERAL SUPPORT | 2023 |
| DOCTORS WITHOUT BORDERS | NEW YORK, NY | $5,000 | GENERAL SUPPORT | 2022 |
| THE SALVATION ARMY | GREENVILLE, NC | $5,000 | GENERAL SUPPORT - GREENVILLE NC | 2022 |
| AMERICAN RED CROSS | GREENVILLE, NC | $5,000 | GENERAL SUPPORT - GREENVILLE NC | 2022 |
| MONTGOMERY PARKS FOUNDATION | WHEATON, MD | $5,000 | GENERAL SUPPORT | 2023 |
| NC AGRICULTURE FOUNDATION | RALEIGH, NC | $5,000 | JC RAULSTON ARBORETUM | 2023 |
| WORLD CENTRAL KITCHEN | WASHINGTON, DC | $5,000 | GENERAL SUPPORT | 2022 |
| PLANNED PARENTHOOD SOUTH ATLANTIC | RALEIGH, NC | $4,000 | RALEIGH OFFICE | 2022 |