Bowdon Family Foundation
- Assets
- $3.2m
- Revenue
- $68.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 11/2010
- Data as of
- 12/2022
- EIN
- 27-3407560
Organization Overview
Bowdon Family Foundation is located in Fort Worth, TX. The organization was established in 2010. 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. Bowdon Family Foundation 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, Bowdon Family Foundation generated $68.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $442.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bowdon Family Foundation has awarded 11 individual grants totaling $902,700. 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
THE BOWDON FAMILY FOUNDATION PURCHASED A BUILDING IN 2014 TO BE USED AS A LOCATION FOR A NONPROFIT CALLED THE CEDARS UNION. THE MISSION OF THE CEDARS UNION IS TO PROVIDE LOCAL ARTISTS WITH THE OPPORTUNITY TO TAKE THEIR CRAFTS TO THE NEXT LEVEL BY PROVIDING THEM WITH A WORK SPACE, TOOLS AND EQUIPMENT, AND CONNECTIONS TO THE COMMUNITY. THE FOUNDATION COSTS TO OWN AND MAINTAIN THE BUILDING, AND THE CERTAIN COSTS TO INCUBATE THE NEW NONPROFIT HAVE BEEN DIRECT CHARITABLE ACTIVITIES FOR THE FOUNDATION. FOR 2022, DIRECT CHARITABLE EXPENSES INCLUDED PAYMENTS OF PROPERTY INSURANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth S Bowdon Pres/trustee | 1 | $0 | |
Bobbye Jan Bowdon Trustee | 1 | $0 | |
Megan Bowdon Sec/tr/trustee | 10 | $0 | |
Matthew Bowdon A. Sec/trustee | 3 | $0 | |
John Wilkinson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $546 |
| Dividends & Interest | $43,748 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,529 |
| Capital Gain Net Income | $19,529 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,801 |
| Total Revenue | $68,624 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $458 |
| Taxes | $1,208 |
| Depreciation | $25,135 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,971 |
| Total operating and administrative expenses | $85,367 |
| Contributions, gifts, grants paid | $357,200 |
| Total expenses and disbursements | $442,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,965 |
| 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 | $426,272 |
| Net Land, buildings, and equipment | $1,641,276 |
| Other assets | $0 |
| Total assets | $3,211,258 |
| 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 | $44,325 |
| Other liabilities | $0 |
| Total liabilities | $44,325 |
Grants Awarded
Over the last fiscal year, Bowdon Family Foundation has awarded $357,200 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FORT WORTH OPERA PURPOSE: TOWARDS THE YOUNG ARTISTS PROGRAM | $5,000 |
NASHER SCULTPURE CENTER PURPOSE: SUPPORT FOR THE NASHER PRIZE | $21,000 |
TEXAS BALLET THEATER PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
TEXAS CHRISTIAN UNIVERSITY PURPOSE: FINE ARTS DEPARTMENT GALA SUPPORT | $10,000 |
THE CEDARS UNION PURPOSE: GENERAL OPERATING SUPPORT | $300,000 |
THE PLANETARY SOCIETY PURPOSE: TOWARDS THE PLANETARY ACADEMY | $5,000 |