John And Debra Bacon Fam Foundation
- Assets
- $3.7m
- Revenue
- $987.7k
- Investments
- $3.6m
- Employees
- 0
- Location
- Medina, WA
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 74-3070936
Organization Overview
John And Debra Bacon Fam Foundation is located in Medina, WA. The organization was established in 2003. 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. John And Debra Bacon Fam 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 12/2021, John And Debra Bacon Fam Foundation generated $987.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $423.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John And Debra Bacon Fam Foundation has awarded 96 individual grants totaling $2,023,876. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOHN AND DEBRA BACON FAMILY FOUNDATION PROVIDES SUPPORT TO OTHER QUALIFIED 501(C)(3) ORGANIZATIONS ALLOWING THEM TO CARRY OUT CHARITABLE ACTIVITIES. ORGANIZATIONS SERVED = 14
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John E Bacon President | 2 | $0 | |
Alissa B Bacon Director | 10 | $0 | |
Joseph A Bacon Director | 10 | $0 | |
Debra Bacon Vice President | 1 | $0 | |
Michael V Griffith Secretary/treasurer | 1 | $0 | |
Anthony R Bacon Director | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,468 |
| Interest on Savings | $3 |
| Dividends & Interest | $41,349 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $371,447 |
| Capital Gain Net Income | $371,447 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $564,415 |
| Total Revenue | $987,682 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,098 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,359 |
| Total operating and administrative expenses | $124,650 |
| Contributions, gifts, grants paid | $298,658 |
| Total expenses and disbursements | $423,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,704 |
| Savings and temporary cash investments | $14,853 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $480 |
| 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 | $3,661,273 |
| 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 | $790 |
| Total liabilities | $790 |
Grants Awarded
Over the last fiscal year, John And Debra Bacon Fam Foundation has awarded $298,658 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB PURPOSE: FUNDING OF GENERAL CHARITABLE OPERATIONS | $112,870 |
Bellevue, WA PURPOSE: FUNDING OF GENERAL CHARITABLE OPERATIONS | $40,000 |
RAINIER ATHLETES PURPOSE: FUNDING OF GENERAL CHARITABLE OPERATIONS | $30,579 |
BRIDGE RECEIVING CENTER PURPOSE: FUNDING OF GENERAL CHARITABLE OPERATIONS | $24,500 |
Bellevue, WA PURPOSE: FUNDING OF GENERAL CHARITABLE OPERATIONS | $15,000 |
LAKE HILLS ELEMENTARY PURPOSE: FUNDING OF GENERAL CHARITABLE OPERATIONS | $13,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Rasmuson Foundation Anchorage, AK | $851,377,242 | $102,826,089 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
Roots And Wings Foundation Inc Seattle, WA | $315,937,030 | $249,888,695 |
Schultz Family Foundation Seattle, WA | $463,519,339 | $158,807,992 |
The Lemelson Foundation Portland, OR | $488,510,181 | $33,726,014 |
Norcliffe Foundation Seattle, WA | $18,121,640 | $25,144,033 |
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |