Bayless Family Foundation
- Assets
- $5.1m
- Revenue
- $283.9k
- Investments
- $5.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-4588609
Organization Overview
Bayless Family Foundation is located in Chicago, IL. The organization was established in 2017. 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. Bayless 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 12/2022, Bayless Family Foundation generated $283.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $414.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bayless Family Foundation has awarded 84 individual grants totaling $1,935,215. 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 |
|---|---|---|---|
Richard L Bayless Treasurer | 1 | $0 | |
Deann Bayless President | 1 | $0 | |
Lane Bayless Sullivan Secretary | 1 | $0 | |
Kevin Sullivan Director | 1 | $24,581 | |
Melissa Cameron Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $123,268 |
| Interest on Savings | $0 |
| Dividends & Interest | $163,515 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,757 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,887 |
| Total Revenue | $283,913 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,581 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,165 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,982 |
| Total operating and administrative expenses | $44,728 |
| Contributions, gifts, grants paid | $369,527 |
| Total expenses and disbursements | $414,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $107,390 |
| 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 | $5,037,422 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,144,812 |
| 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, Bayless Family Foundation has awarded $369,527 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO ACADEMY FOR THE ARTS PURPOSE: TO PROMOTE, ENCOURAGE, AND SUPPORT THE EXPRESSION OR APPLICATION OF HUMAN CREATIVE SKILL AND IMAGINATION THROUGH ALL FORMS OF THE ARTS, INCLUDING LITERATURE, PERFORMING ARTS, VISUAL ARTS, MEDIA ARTS, AND CULINARY ARTS. | $10,150 |
MUSIC THEATRE WORKS PURPOSE: TO PROMOTE, ENCOURAGE, AND SUPPORT THE EXPRESSION OR APPLICATION OF HUMAN CREATIVE SKILL AND IMAGINATION THROUGH ALL FORMS OF THE ARTS, INCLUDING LITERATURE, PERFORMING ARTS, VISUAL ARTS, MEDIA ARTS, AND CULINARY ARTS. | $25,000 |
SHATTERED GLOBE THEATRE PURPOSE: TO PROMOTE, ENCOURAGE, AND SUPPORT THE EXPRESSION OR APPLICATION OF HUMAN CREATIVE SKILL AND IMAGINATION THROUGH ALL FORMS OF THE ARTS, INCLUDING LITERATURE, PERFORMING ARTS, VISUAL ARTS, MEDIA ARTS, AND CULINARY ARTS. | $50,000 |
THEATRE WIT PURPOSE: TO PROMOTE, ENCOURAGE, AND SUPPORT THE EXPRESSION OR APPLICATION OF HUMAN CREATIVE SKILL AND IMAGINATION THROUGH ALL FORMS OF THE ARTS, INCLUDING LITERATURE, PERFORMING ARTS, VISUAL ARTS, MEDIA ARTS, AND CULINARY ARTS. | $50,000 |
JACKALOPE THEATRE COMPANY PURPOSE: TO PROMOTE, ENCOURAGE, AND SUPPORT THE EXPRESSION OR APPLICATION OF HUMAN CREATIVE SKILL AND IMAGINATION THROUGH ALL FORMS OF THE ARTS, INCLUDING LITERATURE, PERFORMING ARTS, VISUAL ARTS, MEDIA ARTS, AND CULINARY ARTS. | $50,000 |
LOOKINGGLASS THEATRE COMPANY PURPOSE: TO PROMOTE, ENCOURAGE, AND SUPPORT THE EXPRESSION OR APPLICATION OF HUMAN CREATIVE SKILL AND IMAGINATION THROUGH ALL FORMS OF THE ARTS, INCLUDING LITERATURE, PERFORMING ARTS, VISUAL ARTS, MEDIA ARTS, AND CULINARY ARTS. | $2,500 |