Bailey Family Memorial Trust 10964
- Assets
- $1.8m
- Revenue
- $5.9k
- Investments
- $1.7m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 01/1984
- Data as of
- 08/2023
- EIN
- 73-6210018
Organization Overview
Bailey Family Memorial Trust 10964 is located in Tulsa, OK. The organization was established in 1984. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 Memorial Trust 10964 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 08/2023, Bailey Family Memorial Trust 10964 generated $5.9k 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 (49.8%) each year. All expenses for the organization totaled $125.0k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bailey Family Memorial Trust 10964 has awarded 30 individual grants totaling $290,989. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,728 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$43,278 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,490 |
| Total Revenue | $5,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,081 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $835 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $700 |
| Total operating and administrative expenses | $24,116 |
| Contributions, gifts, grants paid | $100,926 |
| Total expenses and disbursements | $125,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,939 |
| 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 | $176,323 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,798,425 |
| 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 Memorial Trust 10964 has awarded $100,926 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
KAMRYN CHAPMAN PURPOSE: FINE ARTS SCHOLARSHIP | $11,000 |
JEREMY HICKS PURPOSE: FINE ARTS SCHOLARSHIP | $11,000 |
ISABELLA GAIL HAUS PURPOSE: FINE ARTS SCHOLARSHIP | $9,193 |
LARIN WADE PURPOSE: FINE ARTS SCHOLARSHIP | $7,433 |
RACHEL REYES PURPOSE: FINE ARTS SCHOLARSHIP | $11,000 |
KYLIE M HAMMACK PURPOSE: FINE ARTS SCHOLARSHIP | $13,000 |