Edward T Bedford Foundation Ima
- Assets
- $13.0m
- Revenue
- $543.7k
- Investments
- $12.8m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 08/1995
- Data as of
- 12/2022
- EIN
- 65-6164872
Organization Overview
Edward T Bedford Foundation Ima is located in Palm Beach, FL. The organization was established in 1995. 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. Edward T Bedford Foundation Ima 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, Edward T Bedford Foundation Ima generated $543.7k 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 (18.3%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edward T Bedford Foundation Ima has awarded 113 individual grants totaling $2,819,293. 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 |
|---|---|---|---|
Bessemer Trust Company Of Florida Corporate Trustee | 10 | $68,139 | |
Ronald L Fick ESQ Individual Trustee | 10 | $70,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $251,670 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $258,776 |
| Capital Gain Net Income | $258,776 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,287 |
| Total Revenue | $543,733 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $138,139 |
| Other employee salaries and wages | $50,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,605 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,496 |
| Other expenses | $66,454 |
| Total operating and administrative expenses | $327,994 |
| Contributions, gifts, grants paid | $910,579 |
| Total expenses and disbursements | $1,238,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $108,264 |
| 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 | $0 |
| Total assets | $12,956,812 |
| 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, Edward T Bedford Foundation Ima has awarded $910,579 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AIR FORCE ACADEMY ATHLETIC CORPORATION PURPOSE: WOMEN'S TENNIS | $70,000 |
ASPHALT GREEN PURPOSE: OPERATIONAL | $30,000 |
BOUND FOR COLLEGE PURPOSE: OPERATIONAL | $20,000 |
CARIDAD CENTER INC PURPOSE: OPERATIONAL | $20,000 |
CATHOLIC CHARITIES OF EASTERN VIRGINIA PURPOSE: OPERATIONAL | $20,000 |
CENTER FOR EXCELLENCE IN EDUCATION PURPOSE: OPERATIONAL | $15,000 |