J Leonard And Brigid K Bailey Family Foundation
- Assets
- $814.4k
- Revenue
- $21.2k
- Investments
- $776.5k
- Employees
- 0
- Location
- Wall, NJ
- Founding
- 03/2018
- Data as of
- 12/2022
- EIN
- 46-4017017
Organization Overview
J Leonard And Brigid K Bailey Family Foundation is located in Wall, NJ. The organization was established in 2018. 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 Leonard And Brigid K Bailey 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, J Leonard And Brigid K Bailey Family Foundation generated $21.2k 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 (8.1%) each year. All expenses for the organization totaled $67.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, J Leonard And Brigid K Bailey Family Foundation has awarded 29 individual grants totaling $268,000. 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 |
|---|---|---|---|
Garden State Trust Company Trustee | 1 | $11,951 | |
J Leonard Bailey Trustee | 1 | $0 | |
Bridget K Bailey Trustee | 1 | $0 | |
Nicole L Bailey Board Member | 1 | $0 | |
Thomas E Day Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$397 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,244 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,951 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $928 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,879 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $67,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,883 |
| 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 | $776,515 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $814,398 |
| 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, J Leonard And Brigid K Bailey Family Foundation has awarded $55,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MORRISTOWN MEDICAL CENTER PURPOSE: GENERAL SUPPORT GRANT | $15,000 |
GOOD GRIEF INC PURPOSE: GENERAL SUPPORT GRANT | $6,000 |
HEARTWORKS FOUNDATION PURPOSE: GENERAL SUPPORT GRANT | $15,000 |
MATHENY MEDICAL EDUCATIONAL CENTER PURPOSE: GENERAL SUPPORT GRANT | $7,500 |
WEST MORRIS REGIONAL BOE TRUST FUND PURPOSE: SCHOLARSHIP | $6,000 |
HUNTERDON HEALTHCARE FOUNDATION PURPOSE: GENERAL SUPPORT GRANT | $5,500 |