B F Foundation
- Assets
- $6.6m
- Revenue
- $782.0k
- Investments
- $4.4m
- Employees
- 0
- Location
- Grundy, VA
- Founding
- 04/1987
- Data as of
- 12/2023
- 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 12/2023, B F Foundation generated $782.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $756.3k during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 5 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 51 individual grants totaling $2,438,660. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO 501(C) ORGANIZATIONS; SEE PAGE 11: PART XIV FOR DETAILS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawneda Williams Secretary/treasurer | 5 | $43,260 | |
St Mullins Director | 1 | $0 | |
Daniel S Street Director | 1 | $0 | |
Stafford H Williams III President | 1 | $0 | |
Lucy Bowman Director | 1 | $0 | |
Barry Elswick Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $192 |
| Dividends & Interest | $221,018 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $560,757 |
| Capital Gain Net Income | $560,757 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $781,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,260 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,989 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $620 |
| Printing and publications | $0 |
| Other expenses | $679 |
| Total operating and administrative expenses | $136,292 |
| Contributions, gifts, grants paid | $620,000 |
| Total expenses and disbursements | $756,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $2,222,621 |
| 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 | $6,586,255 |
| 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 | $2,967 |
| Total liabilities | $3,073 |
Grants Awarded
Over the last fiscal year, B F Foundation has awarded $620,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
29TH JUDICIAL DISTRICT COURT APPOINTED SPECIAL ADVOCATES PROGRAM PURPOSE: EDUCATIONAL | $3,600 |
ALICE LLYOD COLLEGE PURPOSE: EDUCATIONAL | $61,000 |
BOYS & GIRLS CLUB OF CENTRAL APPALACHIA PURPOSE: EDUCATIONAL | $150,000 |
BUCHANAN COUNTY TECHNOLOGY AND CAREER CENTER PURPOSE: EDUCATIONAL | $30,000 |
BUCHANAN COUNTY YMCA PURPOSE: EDUCATIONAL | $200,600 |
BUCHANAN FIRST PRESBYTERIAN CHURCH PURPOSE: EDUCATIONAL | $5,600 |