Bannon Foundation
- Assets
- $3.1m
- Revenue
- $49.7k
- Investments
- $2.2m
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 09/1987
- Data as of
- 12/2022
- EIN
- 57-0833931
Organization Overview
Bannon Foundation is located in Greenville, SC. 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. Bannon 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, Bannon Foundation generated $49.7k 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 (38.8%) each year. All expenses for the organization totaled $170.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Bannon Foundation has awarded 44 individual grants totaling $555,500. 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 |
|---|---|---|---|
John R Thomas Trustee | 0.5 | $0 | |
James G Bannon III Trustee | 0.5 | $0 | |
Karen V Steffan Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,326 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,380 |
| Capital Gain Net Income | $7,380 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,706 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $672 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,100 |
| Total operating and administrative expenses | $41,661 |
| Contributions, gifts, grants paid | $129,000 |
| Total expenses and disbursements | $170,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $856,967 |
| 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 | $1,695 |
| Total assets | $3,064,360 |
| 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, Bannon Foundation has awarded $129,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMSON UNIVERSITY PURPOSE: EDUCATION | $67,000 |
FURMAN UNIVERSITY PURPOSE: EDUCATION | $12,000 |
GREENVILLE HIGH SCHOOL PURPOSE: EDUCATION | $7,000 |
GRAND FORKS SHERIFF'S OFFICE PURPOSE: COMMUNITY IMPROVEMENT | $20,000 |
SALVATION ARMY PURPOSE: COMMUNITY IMPROVEMENT | $8,000 |
GREENVILLE TECH FOUNDATION PURPOSE: EDUCATION | $10,000 |