Bobbie Bailey Foundation Inc
- Assets
- $22.0m
- Revenue
- $1.1m
- Investments
- $21.1m
- Employees
- 0
- Location
- Tucker, GA
- Founding
- 01/1994
- Data as of
- 12/2022
- EIN
- 58-2085849
Organization Overview
Bobbie Bailey Foundation Inc is located in Tucker, GA. The organization was established in 1994. 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 the central organization for a national or regional group of organizations. Bobbie Bailey 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, Bobbie Bailey Foundation Inc generated $1.1m 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 (35.0%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Bobbie Bailey Foundation Inc has awarded 205 individual grants totaling $45,482,895. 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 |
|---|---|---|---|
Audrey B Morgan Trustee | 40 | $129,996 | |
Kimberly M Shartar Director | 3 | $0 | |
Jack Allen Morgan Director | 3 | $0 | |
Jack E Morgan Jr Director | 3 | $0 | |
Arlene Moore Dove Director | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Trustbank Of America | 12/30/19 | $250,196 |
Compass Real Estate | 12/30/19 | $94,500 |
Harry Norman Realtors | 12/30/19 | $94,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $104,176 |
| Dividends & Interest | $474,623 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $504,077 |
| Capital Gain Net Income | $504,077 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,384 |
| Total Revenue | $1,094,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $129,996 |
| Other employee salaries and wages | $53,536 |
| Pension plans, employee benefits | $20,311 |
| Interest | $0 |
| Taxes | $19,888 |
| Depreciation | $1,693 |
| Occupancy | $14,318 |
| Travel, conferences, and meetings | $727 |
| Printing and publications | $0 |
| Other expenses | $60,429 |
| Total operating and administrative expenses | $538,661 |
| Contributions, gifts, grants paid | $3,007,500 |
| Total expenses and disbursements | $3,546,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,965 |
| Savings and temporary cash investments | $726,200 |
| 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 | $3,735,087 |
| Net Land, buildings, and equipment | $2,446 |
| Other assets | $0 |
| Total assets | $22,038,515 |
| Accounts payable and accrued expenses | $10,927 |
| 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 | $10,927 |
Grants Awarded
Over the last fiscal year, Bobbie Bailey Foundation Inc has awarded $3,007,500 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE YOUTH & FAMILY CENTER PURPOSE: OPERATIONS | $25,000 |
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF PROGRAMS | $35,000 |
ARTSBRIDGE FOUNDATION PURPOSE: THEATRE EDUCATION | $10,000 |
ATLANTA BALLET PURPOSE: THEATRICAL BALLET OPERATIONS | $25,000 |
ATLANTA COMMUNITY FOOD BANK PURPOSE: TO PROVIDE ASSISTANCE DURING COVID 19 PANDEMIC | $100,000 |
ATLANTA MISSION PURPOSE: OPERATIONS | $10,000 |