Bailey Family Foundation Inc
- Assets
- $2.8m
- Revenue
- $566.8k
- Investments
- $2.5m
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 10/1993
- Data as of
- 12/2023
- EIN
- 59-3154364
Organization Overview
Bailey Family Foundation Inc is located in Vero Beach, FL. The organization was established in 1993. 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. 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 12/2023, Bailey Family Foundation Inc generated $566.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $513.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bailey Family Foundation Inc has awarded 1,677 individual grants totaling $5,248,088. 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 |
|---|---|---|---|
Lucia H Bailey Pres/director | 5 | $0 | |
Blythe L Burge Sec/director | 10 | $49,980 | |
J Vincent Boyle V.p./treas/dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,973 |
| Dividends & Interest | $210,788 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $350,015 |
| Capital Gain Net Income | $351,098 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $566,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,980 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,961 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $958 |
| Total operating and administrative expenses | $66,324 |
| Contributions, gifts, grants paid | $447,500 |
| Total expenses and disbursements | $513,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,223 |
| Savings and temporary cash investments | $0 |
| 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 | $51,095 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,755,965 |
| 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, Bailey Family Foundation Inc has awarded $447,500 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
ABCCM DOCTORS MEDICAL CLINIC INC PURPOSE: CHARITABLE PURPOSES | $5,000 |
ADDA PURPOSE: CHARITABLE PURPOSES | $1,000 |
AMERICA FIRST LEGAL FOUNDATION PURPOSE: CHARITABLE PURPOSES | $1,000 |
AMERICAN FARMLAND TRUST PURPOSE: CHARITABLE PURPOSES | $5,000 |
AMERICAN FED OF POLICE-CONCERNED CITIZENS PURPOSE: CHARITABLE PURPOSES | $1,000 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE PURPOSES | $500 |