Bower Foundation
- Assets
- $113.2m
- Revenue
- $2.6m
- Investments
- $103.4m
- Employees
- 0
- Location
- Ridgeland, MS
- Founding
- 10/1975
- Data as of
- 12/2023
- EIN
- 64-0540635
Organization Overview
Bower Foundation is located in Ridgeland, MS. The organization was established in 1975. According to its NTEE Classification (G44) the organization is classified as: Kidney Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bower 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 12/2023, Bower Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $6.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bower Foundation has awarded 125 individual grants totaling $31,364,350. 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 |
|---|---|---|---|
Anne Travis Ceo/board Vi | 34.42 | $281,879 | |
Ralph Didlake MD Director | 0.76 | $14,080 | |
Walter Neely PHD Director | 0.86 | $16,320 | |
William S Painter Director | 0.82 | $12,960 | |
Cheryl Lee Sykes Director | 1.23 | $19,880 | |
Teresa Lindsey CFO | 40 | $104,282 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jane M Black | 12/30/23 | $72,865 |
Fresh Press Creative Llc | 12/30/23 | $54,963 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $473,140 |
| Dividends & Interest | $1,834,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $310,165 |
| Capital Gain Net Income | $310,165 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29 |
| Total Revenue | $2,618,167 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $449,401 |
| Other employee salaries and wages | $215,357 |
| Pension plans, employee benefits | $114,515 |
| Interest | $0 |
| Taxes | $30,710 |
| Depreciation | $31,789 |
| Occupancy | $79,731 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $72 |
| Other expenses | $79,340 |
| Total operating and administrative expenses | $1,096,424 |
| Contributions, gifts, grants paid | $5,650,589 |
| Total expenses and disbursements | $6,747,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,581 |
| Savings and temporary cash investments | $8,174,396 |
| 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 | $27,987 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $103,448,447 |
| Net Land, buildings, and equipment | $1,371,899 |
| Other assets | $5,027 |
| Total assets | $113,197,337 |
| Accounts payable and accrued expenses | $67,351 |
| Grants payable | $3,182,617 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,206,771 |
| Total liabilities | $4,456,739 |
Grants Awarded
Over the last fiscal year, Bower Foundation has awarded $7,943,169 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
DIRECT GRANT EXPENSES - V PURPOSE: EXPENSES RELATED TO DIRECT GRANTS | $255,380 |
CENTER FOR MISSISSIPPI HE PURPOSE: FUNDING GRANT FOR CMHP MISSION | $277,047 |
MHA HEALTH RESEARCH EDUC FOUNDATI PURPOSE: HS NURSE AID MENTORSHIP 2017-2022 | $105,947 |
UNIVERSITY OF MS MEDICAL CENTER PURPOSE: CENTER FOR ADVANCE YOUTH EXPAN III | $318,006 |
UNIVERSITY OF MS MEDICAL CENTER PURPOSE: BLDG STRONG FUTURE FOR NURSING IN MS | $780,495 |
MISSISSIPPI DEPARTMENT OF EDUCATION PURPOSE: MOVE TO LEARN 2022-2023 | $3,784 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bower Foundation Ridgeland, MS | $113,197,337 | $2,618,167 |
Alabama Kidney Foundation Inc Birmingham, AL | $2,406,177 | $1,970,478 |
National Kidney Foundation New Orleans, LA | $1,268,771 | $624,312 |
Kidney Foundation Of The Greater Chattanooga Area Inc Chattanooga, TN | $1,801,369 | $853,421 |
The Siddiqi Charitable Foundation Knoxville, TN | $3,442,933 | $66,228 |
Mississippi Kidney Foundation Inc Jackson, MS | $468,165 | $158,715 |
North Mississippi Kidney Foundation Inc Aberdeen, MS | $31,129 | $0 |