John C & Nettie V David Memorial Tr
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
John C & Nettie V David Memorial Tr is a 501(c)(3) organization based in Edina, Minnesota, registered in 1975, with $111,951 in FY2024 revenue. CharityIndex grades it F.
7600 Parklawn Ave Ste 444, Edina, MN, 55435 EIN 51-0159851 Since 1975
Revenue (FY2024)
$112K
▼ 5.5% vs prior year
Expenses (FY2024)
$241K
Net assets
$3.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for John C & Nettie V David Memorial Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating154 mo reserves · -115% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For John C & Nettie V David Memorial Tr: 154 mo reserves · -115% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for John C & Nettie V David Memorial Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For John C & Nettie V David Memorial Tr: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $90K (FY2013) to $112K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.1M
Operating margin
-115.1%
Spent more than it raised in the latest fiscal year.
Total assets
$3.1M
Total liabilities
$0
Net assets
$3.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $111,951▼5.5% | $240,793▼14.7% | $3,083,242▼4.0% | $3,083,242▼4.0% | 990PF |
| 2023 | $118,484▼0.2% | $282,195▲13.2% | $3,212,084▼3.8% | $3,212,084▼3.8% | 990PF |
| 2022 | $118,766▼40.4% | $249,312▼1.7% | $3,339,400▼3.8% | $3,339,400▼3.8% | 990PF |
| 2021 | $199,417▲126% | $253,643▲1.0% | $3,469,946▼1.5% | $3,469,946▼1.6% | 990PF |
| 2020 | $88,230▼2.8% | $251,113▲1.4% | $3,524,172▼4.4% | $3,527,045▼4.5% | 990PF |
| 2019 | $90,797▼57.3% | $247,584▼2.2% | $3,687,055▼4.1% | $3,693,370▼4.0% | 990PF |
| 2018 | $212,814▲37.1% | $253,093▼16.4% | $3,843,842▼1.0% | $3,845,536▼1.0% | 990PF |
| 2017 | $155,254▲554% | $302,859▲17.6% | $3,884,121▼2.4% | $3,884,121▼2.4% | 990PF |
| 2016 | $23,745▼53.6% | $257,487▲1.0% | $3,981,114▼5.5% | $3,981,114▼5.5% | 990PF |
| 2015 | $51,219▼37.1% | $254,868▼1.4% | $4,214,856▼4.6% | $4,214,856▼4.6% | 990PF |
| 2014 | $81,421▼9.4% | $258,403▲3.6% | $4,418,505▼3.9% | $4,418,505▼3.9% | 990PF |
| 2013 | $89,873 | $249,421▲0.1% | $4,595,487▼3.4% | $4,595,487▼3.4% | 990PF |
| 2012 | — | $249,287▼8.3% | $4,755,035▼4.9% | $4,755,035▼4.9% | 990PF |
| 2011 | — | $271,873▲7.1% | $4,997,531▼1.1% | $4,997,531▼1.1% | 990PF |
| 2010 | — | $253,897 | $5,054,551 | $5,054,551 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is John C & Nettie V David Memorial Tr a legitimate nonprofit?
- Yes. John C & Nettie V David Memorial Tr is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 51-0159851, based in Edina, Minnesota. Donations are tax-deductible.
- What is John C & Nettie V David Memorial Tr's EIN?
- John C & Nettie V David Memorial Tr's Employer Identification Number (EIN) is 51-0159851.
- How much revenue does John C & Nettie V David Memorial Tr report?
- John C & Nettie V David Memorial Tr reported $111,951 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does John C & Nettie V David Memorial Tr have?
- CharityIndex grades John C & Nettie V David Memorial Tr F, based on financial health (reserves and operating margin).
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Data for John C & Nettie V David Memorial Tr (EIN 51-0159851) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.