B F Foundation
- Assets
- $7.2m
- Revenue
- $853.9k
- Investments
- $7.0m
- Employees
- 0
- Location
- Grundy, VA
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 54-1388355
Organization Overview
B F Foundation is located in Grundy, VA. The organization was established in 1987. 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. B F 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 12/2021, B F Foundation generated $853.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $710.8k during the year ending 12/2021. While expenses have increased by 14.0% per year over the past 4 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 2020, B F Foundation has awarded 21 individual grants totaling $1,134,800. 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
CONTRIBUTIONS TO 501(C) ORGANIZATIONS; SEE PAGE 11: PART XIV FOR DETAILS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawneda Williams Secretary/treasurer | 5 | $43,260 | |
Daniel S Street Director | 1 | $600 | |
St Mullins Director | 1 | $0 | |
Lucy Bowman Director | 1 | $0 | |
Barry Elswick Director | 1 | $0 | |
Ha Street Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $97 |
| Dividends & Interest | $247,866 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $605,925 |
| Capital Gain Net Income | $605,925 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $853,888 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,860 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,379 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $578 |
| Printing and publications | $0 |
| Other expenses | $601 |
| Total operating and administrative expenses | $146,719 |
| Contributions, gifts, grants paid | $564,100 |
| Total expenses and disbursements | $710,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $218,166 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,223,149 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $106 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,929 |
| Total liabilities | $8,035 |
Grants Awarded
Over the last fiscal year, B F Foundation has awarded $564,100 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BUCHANAN COUNTY YMCA PURPOSE: EDUCATIONAL | $218,000 |
Grundy, VA PURPOSE: EDUCATIONAL | $125,000 |
ALICE LLYOD COLLEGE PURPOSE: EDUCATIONAL | $75,000 |
THE UNIVERISTY OF VIRGINIA'S COLLEGE AT WISE PURPOSE: EDUCATIONAL | $60,000 |
BUCHANAN COUNTY TECHNOLOGY AND CAREER CENTER PURPOSE: EDUCATIONAL | $25,000 |
COMMUNITY ARTS CENTER FOUNDATION PURPOSE: EDUCATIONALEDUCATIONAL | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |