Herb & Ellie Bailey Charitable Tr
- Assets
- $1.8m
- Revenue
- $177.1k
- Investments
- $1.8m
- Employees
- 0
- Location
- Bangor, ME
- Founding
- Data as of
- 12/2022
- EIN
- 20-7257287
Organization Overview
Herb & Ellie Bailey Charitable Tr is located in Bangor, ME.
For the year ending 12/2022, Herb & Ellie Bailey Charitable Tr generated $177.1k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $166.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Herb & Ellie Bailey Charitable Tr has awarded 28 individual grants totaling $390,625. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,872 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $123,443 |
| Capital Gain Net Income | $123,443 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,764 |
| Total Revenue | $177,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,022 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,990 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45 |
| Total operating and administrative expenses | $24,232 |
| Contributions, gifts, grants paid | $142,213 |
| Total expenses and disbursements | $166,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,013 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,764 |
| Total assets | $1,843,859 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Herb & Ellie Bailey Charitable Tr has awarded $142,213 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MATTANAWCOOK JR HIGH SCHOOL PURPOSE: UNRESTRICTED GIFT | $3,500 |
MATTANAWCOOK ACADEMY PURPOSE: UNRESTRICTED GIFT | $35,400 |
RSU 67 PURPOSE: UNRESTRICTED GIFT | $19,910 |
LINCOLN RECREATIONAL DEPARTMENT PURPOSE: UNRESTRICTED GIFT | $69,903 |
SAVE A LIFE PURPOSE: GENERAL FUND | $5,000 |
SGT JOEL HOUSE SUMMER CAMP FUND PURPOSE: UNRESTRICTED GIFT | $1,500 |