Franklin W & Helen S Bowen Charitable Trust
- Assets
- $6.0m
- Revenue
- $360.9k
- Investments
- $5.8m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 07/1968
- Data as of
- 12/2022
- EIN
- 25-6091907
Organization Overview
Franklin W & Helen S Bowen Charitable Trust is located in Orlando, FL. The organization was established in 1968. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Franklin W & Helen S Bowen Charitable Trust 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, Franklin W & Helen S Bowen Charitable Trust generated $360.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $350.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Franklin W & Helen S Bowen Charitable Trust has awarded 277 individual grants totaling $1,748,515. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Truist Bank N A Trustee | 12 | $37,816 | |
Dr David Carrico Chairman | 12 | $0 | |
Dr Archie Snedegar Director | 5 | $2,143 | |
Rev Joe Seese Director | 5 | $2,092 | |
Michael B Sisson Director | 4 | $1,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $403 |
| Dividends & Interest | $119,765 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $240,735 |
| Capital Gain Net Income | $240,735 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $360,903 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,301 |
| Other employee salaries and wages | $22,404 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,579 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $654 |
| Other expenses | $2,757 |
| Total operating and administrative expenses | $100,408 |
| Contributions, gifts, grants paid | $250,241 |
| Total expenses and disbursements | $350,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,414 |
| Savings and temporary cash investments | $184,519 |
| 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 | $3,902,962 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,970,635 |
| 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, Franklin W & Helen S Bowen Charitable Trust has awarded $250,241 in support to 86 organizations.
| Grant Recipient | Amount |
|---|---|
MARK MCCLOY PURPOSE: SCHOLARSHIP | $1,050 |
SARAH MATOS PURPOSE: SCHOLARSHIP | $3,117 |
PHILLIP WAYMAN PURPOSE: SCHOLARSHIP | $300 |
MARY BETH MCCLOY PURPOSE: SCHOLARSHIP | $1,050 |
JOSHUA WEDDLE PURPOSE: SCHOLARSHIP | $900 |
DAVID BUSH PURPOSE: SCHOLARSHIP | $3,000 |