George Eagle And Isabel Bushong Foundation Inc
- Assets
- $400.2k
- Revenue
- $56.7k
- Investments
- $388.3k
- Employees
- 0
- Location
- Bowling Green, KY
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 47-2075182
Organization Overview
George Eagle And Isabel Bushong Foundation Inc is located in Bowling Green, KY. The organization was established in 2015. 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. George Eagle And Isabel Bushong 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 12/2021, George Eagle And Isabel Bushong Foundation Inc generated $56.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $12.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (33.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George Eagle And Isabel Bushong Foundation Inc has awarded 50 individual grants totaling $253,200. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GEORGE EAGLE AND ISABEL BUSHONG FOUNDATION, INC. GAVE TWENTY ONE SCHOLARSHIP FOR STUDENTS TO ATTEND COLLEGE.
THE GEORGE EAGLE AND ISABEL BUSHONG FOUNDATION, INC. PROVIDED DONATIONS TO MANY CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Rentrop Secretary | 0 | $0 | |
Lanetta Jill Nixon President | 2 | $0 | |
Sandy Simpson Director | 1 | $0 | |
Johnie Nixon Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,764 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,938 |
| Capital Gain Net Income | $20,057 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,702 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $109 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $581 |
| Total operating and administrative expenses | $4,690 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $12,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,485 |
| Savings and temporary cash investments | $6,352 |
| 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 | $388,343 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $400,180 |
| 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, George Eagle And Isabel Bushong Foundation Inc has awarded $8,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MONROE CO BOARD OF EDUCATION PURPOSE: FINANCIAL SUPPORT | $3,000 |
Tompkinsville, KY PURPOSE: FINANCIAL SUPPORT | $1,000 |
MT GILEAD CEMETERY PURPOSE: FINANCIAL SUPPORT | $1,000 |
Bowling Green, KY PURPOSE: FINANCIAL SUPPORT | $1,000 |
MONROE COUNTY HALL OF FAME PURPOSE: FINANCIAL SUPPORT | $1,000 |
SO CENTRAL KY COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Scripps-Howard Foundation Cincinnati, OH | $57,417,924 | $12,029,094 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
Albert J Weatherhead Estate Trust Uw Item Iv National City Bk Of Cle Mayfield Heights, OH | $171,110,624 | $12,657,241 |
Hummingbird Society Foundation Cincinnati, OH | $175,019 | $103,373 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |