Jim And Audrey Bailey Foundation
- Assets
- $2.1m
- Revenue
- $16.5k
- Investments
- $860.5k
- Employees
- 0
- Location
- Casper, WY
- Founding
- 08/1991
- Data as of
- 12/2022
- EIN
- 36-3776545
Organization Overview
Jim And Audrey Bailey Foundation is located in Casper, WY. The organization was established in 1991. 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. Jim And Audrey Bailey 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, Jim And Audrey Bailey Foundation generated $16.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $74.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jim And Audrey Bailey Foundation has awarded 75 individual grants totaling $826,112. 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
TO GIVE FINANCIAL ASSISTANCE THROUGH DIRECT CONTRIBUTIONS TO ORGANIZATIONS THAT PROVIDE CHARITABLE, EDUCATIONAL, RELIGIOUS, SCIENTIFIC OR LITERARY SERVICES AND ARE EXEMPT ORGANIZATIONS UNDER 501 (C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter M Bailey Treasurer | 1 | $0 | |
Judith Bailey Scully Trustee | 1 | $0 | |
Tim Bailey President | 1 | $0 | |
Athne Machdane Trustee | 1 | $0 | |
Steve Scully Secretary | 1 | $0 | |
James M Bailey Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,415 |
| Dividends & Interest | $12,693 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,627 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,481 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,281 |
| Depreciation | $11,120 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,318 |
| Total operating and administrative expenses | $24,664 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $74,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $105,357 |
| 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 | $860,493 |
| Net Land, buildings, and equipment | $1,154,282 |
| Other assets | $0 |
| Total assets | $2,120,132 |
| 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, Jim And Audrey Bailey Foundation has awarded $50,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP HOPE INC PURPOSE: CHARITABLE | $7,000 |
EQUEST PURPOSE: EDUCATIONAL | $5,000 |
STAGE III PURPOSE: EDUCATIONAL | $5,000 |
NATURE CONSERVANCY PURPOSE: CHARITABLE | $550 |
UNIVERSITY OF SIOUX FALLS PURPOSE: EDUCATIONAL | $12,450 |
TEXAS A&M PURPOSE: EDUCATIONAL | $15,000 |