The Bost Foundation
- Assets
- $459.9k
- Revenue
- $13.8k
- Investments
- $450.2k
- Employees
- 0
- Location
- Cornelius, NC
- Founding
- 08/1986
- Data as of
- 12/2023
- EIN
- 66-0424035
Organization Overview
The Bost Foundation is located in Cornelius, NC. The organization was established in 1986. 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. Bost 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, Bost Foundation generated $13.8k 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 (13.9%) each year. All expenses for the organization totaled $21.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bost Foundation has awarded 40 individual grants totaling $265,000. 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 |
|---|---|---|---|
Edward B Bost President | 1 | $0 | |
Mark E Bost VP | 0.5 | $0 | |
H Morrison Johnston Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $19,078 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,281 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $98 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $848 |
| Contributions, gifts, grants paid | $20,500 |
| Total expenses and disbursements | $21,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,701 |
| 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 | $459,916 |
| 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, The Bost Foundation has awarded $20,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NC ZOO SOCIETY PURPOSE: OPERATIONS | $1,000 |
ST JUDE'S CHILDREN'S RESEARCH HOSP PURPOSE: OPERATIONS | $5,000 |
THE UNION CHURCH OF SAN JUAN PURPOSE: CAPITAL IMPROVEMENTS & MAINTENANCE | $5,000 |
HOPE HOUSE FOUNDATION PURPOSE: OPERATIONS | $1,000 |
DAVIDSON COMMUNITY PLAYERS PURPOSE: OPERATIONS | $1,250 |
PRISMS INC PURPOSE: OPERATIONS | $5,000 |