Bowen Family Foundation Inc
- Assets
- $3.3m
- Revenue
- $347.8k
- Investments
- $3.0m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 01/1994
- Data as of
- 12/2023
- EIN
- 35-1906672
Organization Overview
Bowen Family Foundation Inc is located in Indianapolis, IN. The organization was established in 1994. 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. Bowen Family 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 12/2023, Bowen Family Foundation Inc generated $347.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $374.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bowen Family Foundation Inc has awarded 188 individual grants totaling $2,544,793. 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 |
|---|---|---|---|
Terry L Bowen Chairman | 0 | $0 | |
Robert L Bowen Treasurer | 0 | $0 | |
Stacy L Stater Vice Chairman | 0 | $0 | |
Julie Anne Bowen Secretary | 0 | $0 | |
Kristin Bowen Roberts Director | 0 | $0 | |
Christopher Stater Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,078 |
| Interest on Savings | $0 |
| Dividends & Interest | $98,769 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $148,956 |
| Capital Gain Net Income | $148,956 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $347,803 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,615 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $741 |
| Total operating and administrative expenses | $44,301 |
| Contributions, gifts, grants paid | $330,250 |
| Total expenses and disbursements | $374,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,270 |
| Savings and temporary cash investments | $272,071 |
| 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 | $28,198 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,344,398 |
| 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, Bowen Family Foundation Inc has awarded $330,250 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLINE SYMMES CHILDREN'S CANCER ENDOWMENT PURPOSE: PROGRAM SUPPORT | $2,500 |
CHILDREN'S CANCER PARTNER OF THE CAROLINAS PURPOSE: PROGRAM SUPPORT | $1,500 |
FIRST BAPTIST CHURCH PURPOSE: PROGRAM SUPPORT | $2,500 |
FRIENDS OF RILEY INC PURPOSE: PROGRAM SUPPORT | $2,500 |
GIVE AN HOUR PURPOSE: PROGRAM SUPPORT | $2,450 |
GLEANERS FOOD BANK PURPOSE: PROGRAM SUPPORT | $1,250 |