Ethel N Bowen Foundation Inc
- Assets
- $12.6m
- Revenue
- $575.3k
- Investments
- $12.5m
- Employees
- 0
- Location
- Bluefield, WV
- Founding
- 03/1969
- Data as of
- 12/2022
- EIN
- 23-7010740
Organization Overview
Ethel N Bowen Foundation Inc is located in Bluefield, WV. The organization was established in 1969. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ethel N Bowen Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Ethel N Bowen Foundation Inc generated $575.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $819.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ethel N Bowen Foundation Inc has awarded 832 individual grants totaling $1,873,082. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank W Wilkinson President | 0.5 | $0 | |
B K Satterfield Treasurer | 0.5 | $0 | |
Henry C Bowen Board Member | 0.5 | $0 | |
James R Hypes Vice President & Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $307,816 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $252,941 |
| Capital Gain Net Income | $252,941 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,500 |
| Total Revenue | $575,257 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48,980 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,316 |
| Total operating and administrative expenses | $133,275 |
| Contributions, gifts, grants paid | $685,846 |
| Total expenses and disbursements | $819,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $119,420 |
| 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 | $6,756,660 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,626,663 |
| 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, Ethel N Bowen Foundation Inc has awarded $685,846 in support to 294 organizations.
| Grant Recipient | Amount |
|---|---|
ABIGAIL BISHOP PURPOSE: SCHOLARSHIP | $2,000 |
ABIGAIL PETERSON PURPOSE: SCHOLARSHIP | $3,000 |
ABIGAIL STOVALL PURPOSE: SCHOLARSHIP | $3,000 |
ABIGAIL SHOEMAKER PURPOSE: SCHOLARSHIP | $3,000 |
ABIGAIL WHITTAKER PURPOSE: SCHOLARSHIP | $3,000 |
ADALINE NOLLEY PURPOSE: SCHOLARSHIP | $2,000 |