TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 06-01-2023 , and ending 05-31-2024

Name of foundation
DAVIES MANOR ASSOCIATION INC

Number and street (or P.O. box number if mail is not delivered to street address)3570 DAVIESHIRE DRIVE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BARTLETT, TN381330901

A Employer identification number

51-0200117

B Telephone number (see instructions)

(901) 386-0715

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$2,945,150J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	33,079
2	Check .............
3	Interest on savings and temporary cash investments	24,226		24,226	24,226
4	Dividends and interest from securities...	27,483		27,483	27,483
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		45,495
b	Gross sales price for all assets on line 6a 958,054
7	Capital gain net income (from Part IV, line 2)...			45,495
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	187,865	11,289	187,865
12	Total. Add lines 1 through 11........	318,148		108,493	239,574
13	Compensation of officers, directors, trustees, etc.	55,652			17,155	38,496
14	Other employee salaries and wages......	105,406			46,646	58,760
15	Pension plans, employee benefits.......	13,515			5,354	8,161
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	23,410			23,410
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	12,993			11,663
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	10,113
20	Occupancy..............	22,271			10,786	11,485
21	Travel, conferences, and meetings.......	2,375				2,375
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	127,046	12,806	10,192	104,048
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	372,781		12,806	90,133	258,398
25	Contributions, gifts, grants paid.......	0				0
26	Total expenses and disbursements. Add lines 24 and 25	372,781		12,806	90,133	258,398
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-54,633
b	Net investment income (if negative, enter -0-)			95,687
c	Adjusted net income (if negative, enter -0-)...				149,441

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	690	690	690
	2	Savings and temporary cash investments.........	101,236	98,851	98,851
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	3,592	957	957
	10a	Investments—U.S. and state government obligations (attach schedule)	81,901	List of Attached Documents: // Content 77,086	77,086
	b	Investments—corporate stock (attach schedule).......	525,665	List of Attached Documents: // Content 368,991	368,991
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,058,291	List of Attached Documents: // Content 1,167,073	1,167,073
	14	Land, buildings, and equipment: basis 1,629,388
		Less: accumulated depreciation (attach schedule) 159,886	1,479,617	List of Attached Documents: // Content 1,469,502	1,225,502
	15	Other assets (describe )		List of Attached Documents: // Content 6,000	List of Attached Documents: // Content 6,000
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,250,992	3,189,150	2,945,150
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	List of Attached Documents: // Content 15	List of Attached Documents: // Content 1,241
	23	Total liabilities (add lines 17 through 22).........	15	1,241
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	3,250,977	3,187,909
	29	Total net assets or fund balances (see instructions).....	3,250,977	3,187,909
	30	Total liabilities and net assets/fund balances (see instructions).	3,250,992	3,189,150

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

3,250,977

Enter amount from Part I, line 27a .....................

-54,633

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

-8,435

Add lines 1, 2, and 3 ..........................

3,187,909

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

3,187,909

Form 990-PF (2023)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	PUBLICLY TRADED SECURITES LT	P	2022-06-01	2024-05-31
b	PUBLICLY TRADED SECURITIES ST	P	2023-06-01	2024-05-31
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	820,158	753,710	66,448
b	137,896	158,849	-20,953
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			66,448
b			-20,953
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	45,495
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	1,330
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	1,330
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,330
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	1,330
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Yes

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

HTTP://DAVIESMANORPLANTATION.ORG/

The books are in care of right arrow

KATRINA HANSEN Telephone no. right arrow

(901) 386-0715

Located at right arrow

3570 DAVIESHIRE DRIVEMEMPHISTN ZIP+4 right arrow

38133

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2023? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
KEVIN QUINN	PRESIDENT 1.00	0
3570 DAVIESHIRE DRIVE MEMPHIS,TN38133	PRESIDENT 1.00	0
RYAN PARRY	VICE PRESIDE 1.00	0
3570 DAVIESHIRE DRIVE MEMPHIS,TN38133	VICE PRESIDE 1.00	0
JULIE SEFTON	SECRETARY 1.00	0
3570 DAVIESHIRE DRIVE MEMPHIS,TN38133	SECRETARY 1.00	0
JUDY MILLS	TREASURER 1.00	0
3570 DAVIESHIRE DRIVE MEMPHIS,TN38133	TREASURER 1.00	0
NANCY MCDONOUGH	EXEC DIR EX- 20.00	12,970
1399 RIVERWOOD COVE GERMANTOWN,TN38138	EXEC DIR EX- 20.00	12,970
HENRY BOYD	BOARD MEMBER 1.00	0
3570 DAVIESHIRE DRIVE MEMPHIS,TN38133	BOARD MEMBER 1.00	0
JACK COLEMAN	BOARD MEMBER 1.00	0
3570 DAVIESHIRE DRIVE MEMPHIS,TN38133	BOARD MEMBER 1.00	0
BONICE HENSON	BOARD MEMBER 1.00	0
3570 DAVIESHIRE DRIVE MEMPHIS,TN38133	BOARD MEMBER 1.00	0
KEVIN MCVAY	BOARD MEMBER 1.00	0
3570 DAVIESHIRE DRIVE MEMPHIS,TN38133	BOARD MEMBER 1.00	0
JOHN SPAIN	BOARD MEMBER 1.00	0
3570 DAVIESHIRE DRIVE MEMPHIS,TN38133	BOARD MEMBER 1.00	0
JOHN CHARLES WILSON	BOARD MEMBER 1.00	0
3570 DAVIESHIRE DRIVE MEMPHIS,TN38133	BOARD MEMBER 1.00	0
KATRINA HANSEN	EXECUTIVE DI 40.00	42,682
3570 DAVIESHIRE DRIVE MEMPHIS,TN38133	EXECUTIVE DI 40.00	42,682

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	THE DAVIES MANOR ASSOCIATION PRESERVES AND INTERPRETS THE DAVIES MANOR LOG-HOUSE MUSEUM AND HISTORIC SITE. WE AIM TO PROVIDE AN INCLUSIVE, MULTI-FACETED SPACE FOR THE EDUCATIONAL STUDY OF THE DAVIES FAMILY, REGIONAL HISTORY, EARLY SHELBY COUNTY FARM LIFE AND THE NATURAL ENVIRONMENT; BY DOING SO, WE CREATE OPPORTUNITIES FOR THE PUBLIC TO MAKE MEANINGFUL CONNECTIONS BETWEEN THE PAST AND PRESENT.	259,192
2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,597,560

Average of monthly cash balances.......................

116,805

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,714,365

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,714,365

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

25,715

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

1,688,650

Minimum investment return. Enter 5% (0.05) of line 5................

84,433

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

Tax on investment income for 2022 from Part V, line 5.......

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

258,398

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

258,398

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........
4Qualifying distributions for 2023 from Part
XI, line 4: $ 258,398
a Applied to 2022, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2023 distributable amount.....
e Remaining amount distributed out of corpus		258,398
5 Excess distributions carryover applied to 2023.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		258,398
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....

Form 990-PF (2023)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total
	84,433	88,498	105,172	106,477	384,580
b 85% (0.85) of line 2a .........	71,768	75,223	89,396	90,505	326,892
c Qualifying distributions from Part XI, line 4 for each year listed .....	258,398	211,118	250,754	223,275	943,545
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	258,398	211,118	250,754	223,275	943,545
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	56,289	58,999	70,115	116,239	301,642
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2023)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

bApproved for future payment

Total ................................. 3b

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....					332
3 Interest on savings and temporary cash investments ...........			14	24,226
4 Dividends and interest from securities ....			14	27,483
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....					11,289
8 Gain or (loss) from sales of assets other than inventory ............			18	45,495
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aRENTAL INCOME					165,309
bMANOR TOUR INCOME					7,779
cMISCELLANEOUS INCOME					3,156
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				97,204	187,865

13Total. Add line 12, columns (b), (d), and (e)..................

285,069

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

DAVIES MANOR ASSOCIATION INC

EIN:

51-0200117

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	23,410			23,410

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule

Name:

DAVIES MANOR ASSOCIATION INC

EIN:

51-0200117

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
FAX MACHINE	1998-07-22	215	215	200DB	5.0000
USED REFRIGERATOR	1998-07-28	100	100	200DB	5.0000
GE HEAT/COOL	2000-05-17	659	610	200DB	5.0000
WASHER/DRYER	2000-05-26	721	667	200DB	5.0000
AIR CONDITIONER	2001-06-19	314	314	200DB	5.0000
COMPUTER MONITOR	2002-04-02	210	210	200DB	5.0000
LOG CABINS	2007-04-30	109,059	45,090	S/L	39.0000	2,797
DIGITAL CAMERA	2006-12-12	500	500	200DB	7.0000
COPY MACHINE	2007-02-08	800	800	200DB	7.0000
IMPROVEMENTS TO LOG CABINS	2007-09-01	13,107	5,279	S/L	39.0000	336
2 AIR CONDITIONERS	2007-09-05	658	658	200DB	7.0000
WEBSITE	2008-07-29	1,100	1,100	S/L	3.0000
BOOKCASE	2008-08-29	125	125	200DB	7.0000
COMPUTER	2009-01-02	2,500	2,500	200DB	5.0000
SOUND SYSTEM	2010-03-23	5,028	5,028	200DB	7.0000
FURNITURE	2010-06-23	1,200	1,200	200DB	7.0000
VIDEO CAMERA	2010-07-21	455	455	200DB	7.0000
WEBSITE	2011-03-18	1,100	1,100	S/L	3.0000
MANURE SPREADER	2011-04-08	800	800	200DB	7.0000
DOCTOR'S CARRIAGE	2011-07-13	850	850	200DB	7.0000
A/C UNIT	2011-08-03	2,350	2,350	200DB	7.0000
PROJECTOR	2012-02-29	2,390	2,390	200DB	7.0000
BUCKBOARD	2011-12-14	440	440	200DB	7.0000
LIGHTING DECORATIVE	2012-02-29	4,330	4,330	200DB	7.0000
8.61 ACRES INCLUDING FAA	1998-07-22	101,000
31.7 ACRES "BOG" BRUNSWICK RD	1998-07-22	143,000
MANOR HILLWOOD PASTURE INCL 4 OUT BUILDINGS	2011-06-01	926,943	4,753
WINDOWS - HILLWOOD	2012-12-07	1,200	322	S/L	39.0000	31
RESTORATION - MANOR	2013-05-15	13,530	3,484	S/L	39.0000	347
LAND IMPS TO BALANCE	2012-05-31	16,694
ROOF WORK	2013-08-06	20,883	5,243	S/L	39.0000	536
MANOR IMPROVMENTS	2015-04-01	39,125	8,151	S/L	39.0000	1,003
HILLWOOD IMPRV TO LIGHTING & ELECTRIC	2014-10-03	9,925	2,195	S/L	39.0000	254
MANOR DRIVEWAY & PARKING	2014-10-23	22,630	5,005	S/L	39.0000	580
HILLWOOD PARKING & DRIVEWAY	2014-10-23	22,630	5,005	S/L	39.0000	580
MANOR IMPRV TO LOGS, ROOF & SIDING	2015-01-09	39,950	8,579	S/L	39.0000	1,024
ICE MAKER	2015-12-02	1,264	1,264	200DB	5.0000
HILLWOOD RAIL FENCE	2015-10-07	2,400	1,869	150DB	15.0000	70
SECURITY DOORS AT HILLWOOD	2017-02-15	18,000	2,904	S/L	39.0000	461
CHAIRS	2018-06-01	8,215	8,215	200DB	7.0000
ELECTRICAL IMPROVEMENTS- MANOR HOUSE	2019-09-27	4,081	388	S/L	39.0000	105
MANOR HOUSE ROOF	2020-04-27	4,945	396	S/L	39.0000	127
ELECTRICAL IMPROVEMENTS- HILLWOOD	2019-09-27	7,147	680	S/L	39.0000	183
DIXIE CHOPPER	2021-04-15	8,000	8,000	200DB	5.0000
TRUCK	2020-06-01	3,314	3,314	200DB	5.0000
AMPHITHEATER	2021-03-01	38,000	2,152	S/L	39.0000	974
SCHOOL HOUSE IMPROVEMENTS	2022-05-24	16,000	427	S/L	39.0000	411
SCHOOLHOUSE FOUNDATION	2022-01-11	1,500	53	S/L	39.0000	38
SCHOOLHOUSE FOOTER	2022-05-06	8,000	214	S/L	39.0000	205
SHCOOL HOUSE IMPROVEMENTS-FINAL PYMT	2022-06-15	2,000	49	S/L	39.0000	51

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

DAVIES MANOR ASSOCIATION INC

EIN:

51-0200117

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AMERISOURCE BERGEN
AMGEN	15,293	15,293
BAXTER INTERNATIONAL
CHEVRON CORP	12,335	12,335
COCA COLA	12,145	12,145
CONAGRA FOODS	8,576	8,576
CVS CAREMARK
DOLLAR GENERAL	14,376	14,376
GLOBAL PAYMENTS	9,574	9,574
GRAINGER WW	13,822	13,822
HUMACYTE INC
JOHNSON & JOHNSON	12,467	12,467
LOWES COS	18,145	18,145
MARSH & MCLENNAN	13,493	13,493
MEDTRONIC	11,880	11,880
MICROCHIP TECHNOLOGY	19,932	19,932
MONDELEZ INTL	13,775	13,775
NIKE	11,786	11,786
PERRIGO CO
PHILIP MORRIS	10,645	10,645
ROSS STORE	17,470	17,470
SERVICE CORP INTL	11,824	11,824
SMUCKER JM
STANLEY BLACK
STATE STR CORP	11,716	11,716
SYSSO CORP	15,656	15,656
THERMO FISHER	15,335	15,335
UNITED PARCEL SERVICE	10,559	10,559
UNITEDHEALTH GROUP	16,843	16,843
US BANCORP	11,313	11,313
WALT DISNEY CO	14,755	14,755
AURINIA PRARMACEUTICALS
SOFI TECHNOLOGIES
ABBOT LABORATORIES	9,401	9,401
AIR PROD & CHEMICALS	9,068	9,068
CENCORA INC	19,032	19,032
KEURIG DR. PEPPER INC.	7,775	7,775

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

DAVIES MANOR ASSOCIATION INC

EIN:

51-0200117

US Government Securities - End of Year Book Value:

44,843

US Government Securities - End of Year Fair Market Value:

44,843

State & Local Government Securities - End of Year Book Value:

32,243

State & Local Government Securities - End of Year Fair Market Value:

32,243

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

DAVIES MANOR ASSOCIATION INC

EIN:

51-0200117

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BANK OF AMERICA	FMV	75,350	75,350
BLACKROCK	FMV
CHARLES SCHWAB	FMV	75,006	75,006
CHEVRON	FMV
CITIGRP GLOBAL MKTS	FMV
CUSTOMER BK PHOENIXVILLE	FMV
FLAGSTAR BANK, NT	FMV	29,899	29,899
GEICO	FMV
INVSC P 500 EQUAL	FMV	63,494	63,494
ISHARE TRUST	FMV
ISHARES 0 TO 3 MONTH	FMV	65,488	65,488
ISHARES 20 PLS YEAR	FMV	90,450	90,450
ISHARES RUSSELL 2000	FMV	31,483	31,483
JPMORGAN CHASE	FMV
LEGG MASON	FMV
METROPOLITAN WEST FUNDS	FMV	52,639	52,639
MFS INTERNATIONAL VALUE	FMV	137,816	137,816
MFS INTERNATIONAL VALUE	FMV
PAYPAL	FMV
PROCTOR & GAMBLE	FMV
SPDR SERIES TRUST	FMV
UBS BANK USA	FMV	45,976	45,976
US TRASURY BILLS	FMV
VANGUARD MID CAP ETF	FMV	63,841	63,841
VANGUARD SMALL CAP ETF	FMV	31,787	31,787
WCM FOCUSED	FMV	143,922	143,922
WELLS FARGO BANK	FMV	75,265	75,265
WELLS FARGO BANK	FMV	50,080	50,080
WESTERN ASSET CORE BOND	FMV	134,577	134,577

- TIN:

TY 2023 LandEtcSchedule2

Name:

DAVIES MANOR ASSOCIATION INC

EIN:

51-0200117

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
BUILDINGS, EQUIPMENT	1,385,388	159,886	1,225,502	1,225,502
LAND	244,000		244,000

- TIN:

TY 2023 OtherAssetsSchedule

Name:

DAVIES MANOR ASSOCIATION INC

EIN:

51-0200117

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DEPOSIT IN TRANSIT		6,000	6,000

- TIN:

TY 2023 OtherExpensesSchedule

Name:

DAVIES MANOR ASSOCIATION INC

EIN:

51-0200117

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
ADVERTISING	1,508		895	613
AUTO & TRUCK	239			239
BANK FEES	16			16
DUES & SUBSCRIPTIONS	2,286			2,286
MANOR HOUSE EXHIBITS & EDUCAT	1,110			1,110
INSURANCE	18,164		967	17,197
INVESTMENT FEES	12,806	12,806
SUBCONTRACTORS	14,619			14,619
REPAIRS & MAINTENANCE	63,408		1,833	61,575
MISCELLANEOUS	2,530		1,748	782
OFFICE EXPENSE	5,611			5,611
HILLWOOD EVENTS	4,749		4,749

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

DAVIES MANOR ASSOCIATION INC

EIN:

51-0200117

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
MEMBERSHIP INCOME	332		332
CAPITAL GAIN DISTRIBUTIONS	11,289	11,289	11,289
RENTAL INCOME	165,309		165,309
MANOR TOUR INCOME	7,779		7,779
MISCELLANEOUS INCOME	3,156		3,156

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

DAVIES MANOR ASSOCIATION INC

EIN:

51-0200117

Description	Amount
UNREALIZED GAIN	-8,435

- TIN:

TY 2023 OtherLiabilitiesSchedule

Name:

DAVIES MANOR ASSOCIATION INC

EIN:

51-0200117

Description	Beginning of Year - Book Value	End of Year - Book Value
PAYROLL WITHHOLDING	15	27
CREDIT CARD PAYABLE		1,214

- TIN:

TY 2023 TaxesSchedule

Name:

DAVIES MANOR ASSOCIATION INC

EIN:

51-0200117

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAXES & LICENSES	11,663			11,663
FEDERAL EXCISE TAX	1,330