Ray And Nancy Bearden Family Foundation
- Assets
- $251.7k
- Revenue
- $12.0k
- Investments
- $245.9k
- Employees
- 0
- Location
- Austin, TX
- Founding
- 05/2001
- Data as of
- 12/2023
- EIN
- 74-2957665
Organization Overview
Ray And Nancy Bearden Family Foundation is located in Austin, TX. The organization was established in 2001. 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. Ray And Nancy Bearden Family 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, Ray And Nancy Bearden Family Foundation generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $41.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ray And Nancy Bearden Family Foundation has awarded 28 individual grants totaling $277,100. 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 |
|---|---|---|---|
C Ray Bearden Director | 5 | $0 | |
Nancy R Bearden Director | 5 | $0 | |
Chad P Pierce Director | 5 | $0 | |
Matthew R Bearden Director | 5 | $0 | |
Kerri A Bearden Director | 5 | $0 | |
Brandon E Pierce Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,335 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $663 |
| Capital Gain Net Income | $663 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $223 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $2,073 |
| Contributions, gifts, grants paid | $39,250 |
| Total expenses and disbursements | $41,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,827 |
| 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 | $245,897 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $251,724 |
| 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, Ray And Nancy Bearden Family Foundation has awarded $39,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EMMAUS CATHOLIC CHURCH PURPOSE: TO PROVIDE SUPPORT TO CATHOLICS IN UNIVERSITIES | $5,000 |
ENCOUNTERING CHRIST PURPOSE: TO PROVIDE SUPPORT TO CATHOLICS IN UNIVERSITIES | $10,000 |
FOCUS ON THE FAMILY PURPOSE: TO SERVE THE SPIRITUAL AND MATERIAL NEEDS OF GOD'S PEOPLE | $13,000 |
PARTNER'S IN HOPE PURPOSE: TO EMPOWER COMMUNITIES TO WORK TOGETHER TO ELIMINATE SOCIAL ISOLATION AND THE HOPELESSNESS IT CAUSES | $10,000 |
KNIGHTS OF COLUMBUS PURPOSE: TO SERVE THE SPIRITUAL AND MATERIAL NEEDS OF GOD'S PEOPLE | $1,000 |
JUDICIAL WATCH PURPOSE: TO PROMOTE TRANSPARENCY, ACCOUNTABILITY AND INTEGRITY IN GOVERNMENT, POLITICS AND THE LAW. | $250 |