Bailey Family Foundation Inc
- Assets
- $54.8m
- Revenue
- $745.7k
- Investments
- $46.7m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 10/1997
- Data as of
- 12/2022
- 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 12/2022, Bailey Family Foundation Inc generated $745.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (35.2%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. 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
2022
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 |
|---|---|---|---|
Ron K Bailey President | 20 | $0 | |
Ronnie Kyle Bailey Director | 20 | $0 | |
Ryan Kent Bailey Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,254 |
| Dividends & Interest | $676,166 |
| Net Rental Income | $118,354 |
| Net Gain on Sale of Assets | -$59,057 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $745,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $242,883 |
| Pension plans, employee benefits | $25,113 |
| Interest | $0 |
| Taxes | $64,762 |
| Depreciation | $112,124 |
| Occupancy | $23,407 |
| Travel, conferences, and meetings | $4,338 |
| Printing and publications | $20,403 |
| Other expenses | $384,146 |
| Total operating and administrative expenses | $1,026,652 |
| Contributions, gifts, grants paid | $3,612,588 |
| Total expenses and disbursements | $4,639,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $359,498 |
| 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 | $5,443,579 |
| Investments—mortgage loans | $0 |
| Investments—other | $17,906,309 |
| Net Land, buildings, and equipment | $1,921,230 |
| Other assets | $387,713 |
| Total assets | $54,779,356 |
| 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 | $172,059 |
| Total liabilities | $172,059 |
Grants Awarded
Over the last fiscal year, Bailey Family Foundation Inc has awarded $3,612,588 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
STUDENT SCHOLARSHIPS PURPOSE: SCHOLARSHIPS | $1,971,114 |
CONTRIBUTIONS PURPOSE: CHARITABLE CONTRIBUTIONS | $1,569,201 |
SCHOLARSHIPS - RESEARCH PURPOSE: HERITAGE SCHOLARSHIPS | $72,273 |