J Rogers Badgett Sr Foundation Inc
- Assets
- $43.5m
- Revenue
- $5.6m
- Investments
- $9.8m
- Employees
- 0
- Location
- Madisonville, KY
- Founding
- 03/2001
- Data as of
- 10/2023
- EIN
- 31-1755149
Organization Overview
J Rogers Badgett Sr Foundation Inc is located in Madisonville, KY. The organization was established in 2001. 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. J Rogers Badgett Sr 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 10/2023, J Rogers Badgett Sr Foundation Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $6.1m during the year ending 10/2023. While expenses have increased by 4.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, J Rogers Badgett Sr Foundation Inc has awarded 210 individual grants totaling $10,184,028. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bentley F Badgett II President/director | 25 | $0 | |
Mary Rheaetta Ashby Vice President/director | 10 | $60,000 | |
Claude R Badgett Sec/treas/director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $310,000 |
| Interest on Savings | $3,646 |
| Dividends & Interest | $301,485 |
| Net Rental Income | $379,936 |
| Net Gain on Sale of Assets | $189,566 |
| Capital Gain Net Income | $189,566 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $418 |
| Total Revenue | $5,623,619 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $465,343 |
| Pension plans, employee benefits | $0 |
| Interest | $209,359 |
| Taxes | $430,782 |
| Depreciation | $956,939 |
| Occupancy | $19,337 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,441,273 |
| Total operating and administrative expenses | $4,728,376 |
| Contributions, gifts, grants paid | $1,344,224 |
| Total expenses and disbursements | $6,072,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,151 |
| Savings and temporary cash investments | $3,834,439 |
| 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 | $24,690,970 |
| Investments—mortgage loans | $0 |
| Investments—other | $250,940 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,091,037 |
| Total assets | $43,484,345 |
| 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 | $8,951,667 |
| Other liabilities | $4,526,870 |
| Total liabilities | $13,478,537 |
Grants Awarded
Over the last fiscal year, J Rogers Badgett Sr Foundation Inc has awarded $1,344,224 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: TO BE USED IN EXEMPT PURPOSE | $10,000 |
ANDREW SKINNER PURPOSE: EDUCATION EXPENSES | $10,788 |
BAPTIST HEALTH DEACONESS MADISONVILLE FOUNDATION PURPOSE: RN SCHOLARSHIP | $30,000 |
BOY SCOUTS OF AMERICA PURPOSE: TO BE USED IN EXEMPT PURPOSE | $30,000 |
CAMPBELLSVILLE UNIVERSITY PURPOSE: SCHOLARSHIPS | $20,000 |
CHRISTIAN FOOD BANK PURPOSE: TO BE USED IN EXEMPT PURPOSE | $60,000 |