Bailey Family Foundation Inc
- Assets
- $58.8m
- Revenue
- $12.1m
- Investments
- $51.0m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 54-1850780
Organization Overview
Bailey Family Foundation Inc is located in Tampa, FL. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bailey Family 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, Bailey Family Foundation Inc generated $12.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 55.8% each year . All expenses for the organization totaled $3.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL ASSISTANCE TO QUALIFIED INDIVIDUALS FOR POST SECONDARY EDUCATION. SCHOLARSHIPS AWARDED RANGING FROM 50 TO 10,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Kent Bailey Director | 20 | $0 | |
Ron K Bailey President | 20 | $0 | |
Ronnie Kyle Bailey Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $591,494 |
| Net Rental Income | $117,504 |
| Net Gain on Sale of Assets | $11,356,681 |
| Capital Gain Net Income | $11,356,681 |
| Net ST Capital Gain | $1,718,707 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,662 |
| Total Revenue | $12,067,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $180,806 |
| Pension plans, employee benefits | $18,714 |
| Interest | $0 |
| Taxes | $65,507 |
| Depreciation | $115,196 |
| Occupancy | $22,721 |
| Travel, conferences, and meetings | $1,756 |
| Printing and publications | $842 |
| Other expenses | $346,050 |
| Total operating and administrative expenses | $898,569 |
| Contributions, gifts, grants paid | $2,637,752 |
| Total expenses and disbursements | $3,536,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39 |
| Savings and temporary cash investments | $319,377 |
| 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 | $1,072 |
| Net Investments - land, buildings, equipment | $5,483,078 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,376,717 |
| Net Land, buildings, and equipment | $1,981,189 |
| Other assets | $6,000 |
| Total assets | $58,811,262 |
| 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 | $464,983 |
| Total liabilities | $464,983 |
Grants Awarded
Over the last fiscal year, Bailey Family Foundation Inc has awarded $2,637,752 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
STUDENT SCHOLARSHIPS PURPOSE: SCHOLARSHIPS | $1,905,770 |
CONTRIBUTIONS PURPOSE: CHARITABLE CONTRIBUTIONS | $677,913 |
SCHOLARSHIPS - RESEARCH PURPOSE: HERITAGE SCHOLARSHIPS | $54,069 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |