Chuck And Marna Davis Foundation

Chuck And Marna Davis Foundation reports substantial revenue and asset growth with minimal expenses and no officer compensation.

EIN: 133437924 · Key Largo, FL · Updated: 2026-03-28

$69.2MRevenue

$148.6MAssets

60/100Mission Score (Good)

Is Chuck And Marna Davis Foundation Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

4 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Chuck And Marna Davis Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Chuck And Marna Davis Foundation

Chuck And Marna Davis Foundation (EIN: 133437924) is a nonprofit organization based in Key Largo, FL. The organization reported total revenue of $69.2M and total assets of $148.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chuck And Marna Davis Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Chuck And Marna Davis Foundation demonstrates a highly unusual financial profile, characterized by extremely low reported expenses relative to its substantial revenue and assets. For instance, in 2023, the foundation reported revenue of $45,575,186 but only $1,738,031 in expenses, suggesting a primary function of asset accumulation or significant grant-making not fully captured in the 'expenses' line item. The consistent reporting of $1 in liabilities across multiple years (2020-2023) is also highly atypical for an organization of this financial scale and warrants further investigation into its accounting practices. The absence of reported officer compensation across all filings indicates either a fully volunteer-run leadership or compensation being reported in a different category, which could impact transparency regarding administrative costs.

The foundation's financial health appears robust in terms of asset growth, with assets increasing from $1,485,270 in 2012 to $42,205,915 in 2023. However, without a detailed breakdown of program spending versus administrative and fundraising costs, it's challenging to assess spending efficiency accurately. The significant disparity between revenue and expenses, particularly in recent years, suggests that a large portion of incoming funds is not immediately disbursed or spent on operational activities, which is common for private foundations focused on endowment growth and future grant-making. However, the lack of detailed expense categories in the provided data limits a comprehensive assessment of its spending efficiency and program focus.

Transparency is a concern due to the unusual financial reporting, such as the consistent $1 liability and zero officer compensation for an organization managing tens of millions in revenue and assets. While the foundation files its IRS 990s, the high-level summary provided here doesn't offer enough detail to fully understand its operational model and how its substantial resources are ultimately deployed for charitable purposes. A deeper dive into the full 990 forms, particularly Schedule B (Schedule of Contributors) and Schedule I (Grants and Other Assistance to Organizations, Governments, and Individuals), would be necessary to fully understand its program activities and grant distribution.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Chuck And Marna Davis Foundation with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Chuck And Marna Davis Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity managing tens of millions in revenue and assets, suggesting either a fully volunteer leadership or compensation being reported under other expense categories.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Chuck And Marna Davis Foundation's IRS 990 filings:

Extremely low expenses relative to revenue and assets, particularly in recent years (e.g., $45.5M revenue vs. $1.7M expenses in 2023).
Consistent reporting of $1 in liabilities across multiple years (2020-2023), which is highly unusual.
0% reported officer compensation despite significant financial activity, raising questions about leadership structure and true administrative costs.
Lack of detailed expense breakdown in the provided data makes it difficult to assess program efficiency.

Strengths

The following positive indicators were identified for Chuck And Marna Davis Foundation:

Significant asset growth over time, from $1.4M in 2012 to $42.2M in 2023, indicating strong financial accumulation.
Substantial revenue generation, with a peak of $45.5M in 2023, suggesting strong funding capacity.
Consistent filing of IRS 990 forms, indicating compliance with reporting requirements.

Frequently Asked Questions about Chuck And Marna Davis Foundation

Is Chuck And Marna Davis Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Chuck And Marna Davis Foundation (EIN: 133437924) some concerns. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.

How does Chuck And Marna Davis Foundation spend its money?

Chuck And Marna Davis Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Chuck And Marna Davis Foundation tax-deductible?

Chuck And Marna Davis Foundation is registered as a tax-exempt nonprofit (EIN: 133437924). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does the foundation utilize the vast difference between its revenue and expenses, such as the $45,575,186 revenue vs. $1,738,031 expenses in 2023?

The significant difference likely indicates that the foundation is primarily accumulating assets or making substantial grants that are not fully captured in the 'expenses' line item provided. Further review of the full 990, specifically Schedule I (Grants and Other Assistance), would clarify its grant-making activities.

Why does the foundation consistently report $1 in liabilities across multiple years (2020-2023)?

Reporting $1 in liabilities is highly unusual for an organization of this size and suggests a potential anomaly in financial reporting or a specific accounting practice that requires further investigation into the detailed financial statements.

Who are the beneficiaries of the foundation's activities, given the lack of detailed program spending information?

Without detailed program spending or grant recipient information, it is impossible to determine the specific beneficiaries. A review of Schedule I (Grants and Other Assistance) in the full 990 would provide this crucial information.

How does the foundation operate without any reported officer compensation?

The absence of reported officer compensation suggests either a fully volunteer-led organization or that compensation for key personnel is being reported under different expense categories, which could obscure administrative costs.

Filing History

IRS 990 filing history for Chuck And Marna Davis Foundation showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2012–2023), Chuck And Marna Davis Foundation's revenue has grown by 6770.4%, moving from $663K to $45.6M. Total assets increased by 2741.6% over the same period, from $1.5M to $42.2M. Total functional expenses rose by 157.9%, from $674K to $1.7M. In its most recent filing year (2023), Chuck And Marna Davis Foundation reported a surplus of $43.8M, with revenue exceeding expenses. The organization holds $1 in liabilities against $42.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $42.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$45.6M	$1.7M	$42.2M	$1	—	View 990
2022	$3.8M	$1.3M	$2.1M	$1	—	View 990
2021	$665K	$1.3M	$1.5M	$1	—	View 990
2020	$666K	$1.2M	$2.1M	$1	—	View 990
2016	$663K	$777K	$1.8M	$0	—	View 990
2015	$663K	$548K	$1.9M	$0	—	View 990
2014	$654K	$493K	$1.8M	$0	—	View 990
2013	$663K	$552K	$1.6M	$0	—	View 990
2012	$663K	$674K	$1.5M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $45.6M, expenses of $1.7M, and assets of $42.2M (revenue +1096.7% year-over-year).
2022: Revenue of $3.8M, expenses of $1.3M, and assets of $2.1M (revenue +472.7% year-over-year).
2021: Revenue of $665K, expenses of $1.3M, and assets of $1.5M (revenue -0.2% year-over-year).
2020: Revenue of $666K, expenses of $1.2M, and assets of $2.1M (revenue +0.5% year-over-year).
2016: Revenue of $663K, expenses of $777K, and assets of $1.8M (revenue +-0.0% year-over-year).
2015: Revenue of $663K, expenses of $548K, and assets of $1.9M (revenue +1.4% year-over-year).
2014: Revenue of $654K, expenses of $493K, and assets of $1.8M (revenue -1.5% year-over-year).
2013: Revenue of $663K, expenses of $552K, and assets of $1.6M (revenue +-0.0% year-over-year).
2012: Revenue of $663K, expenses of $674K, and assets of $1.5M.

Data Sources and Methodology

This transparency report for Chuck And Marna Davis Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.