The William O And Carole P Bailey Family Foundation
- Assets
- $1.5m
- Revenue
- $44.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 54-1860572
Organization Overview
The William O And Carole P Bailey Family Foundation is located in Richmond, VA. The organization was established in 1998. 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. William O And Carole P Bailey Family 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 12/2022, William O And Carole P Bailey Family Foundation generated $44.0k 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 (38.3%) each year. All expenses for the organization totaled $438.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, William O And Carole P Bailey Family Foundation has awarded 106 individual grants totaling $1,462,250. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carole P Bailey French President & Director | 10 | $0 | |
Carolyn L Bailey Corresponding Secretary | 10 | $0 | |
George E Bailey Recording Secretary | 10 | $0 | |
Janet Bailey Faude Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,573 |
| Dividends & Interest | $19,804 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,603 |
| Capital Gain Net Income | $22,603 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,046 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $334 |
| Total operating and administrative expenses | $41,762 |
| Contributions, gifts, grants paid | $396,500 |
| Total expenses and disbursements | $438,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,815 |
| 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 | $23,551 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,475,158 |
| 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, The William O And Carole P Bailey Family Foundation has awarded $396,500 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
1001 DIVERSE BOOKS INC PURPOSE: FOR OPERATIONAL SUPPORT | $1,000 |
AURORA WOMEN'S & GIRLS FOUNDATION INC PURPOSE: FOR OPERATIONAL SUPPORT | $25,000 |
BAY OF BANDERAS CHARITIES PURPOSE: FOR OPERATIONAL SUPPORT | $500 |
BRYN MAWR COLLEGE PURPOSE: FOR OPERATIONAL SUPPORT | $5,000 |
ARLINGTON COMMUNITY FOUNDATION PURPOSE: FOR OPERATIONAL SUPPORT | $1,000 |
CHRIST CHURCH EPISCOPAL OF SHARON CT PURPOSE: FOR OPERATIONAL SUPPORT | $500 |