Ed & Gladys Bailey Charitable Foundation
- Assets
- $0.0
- Revenue
- $29.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Brookhaven, PA
- Founding
- 06/2018
- Data as of
- 12/2022
- EIN
- 82-6634095
Organization Overview
Ed & Gladys Bailey Charitable Foundation is located in Brookhaven, PA. The organization was established in 2018. 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. Ed & Gladys Bailey Charitable 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, Ed & Gladys Bailey Charitable Foundation generated $29.9k 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 (64.8%) each year. All expenses for the organization totaled $80.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Ed & Gladys Bailey Charitable Foundation has awarded 14 individual grants totaling $218,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE - FOUNDATION DOES NOT ENGAGE IN DIRECT CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Avery Lynn Bailey Trustee | 1 | $5,000 | |
Kenneth Miles Bailey Jr Trustee | 1 | $5,000 | |
Donald F Tonge CPA Trustee | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,892 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,000 |
| Total operating and administrative expenses | $20,000 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $80,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Ed & Gladys Bailey Charitable Foundation has awarded $108,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PA WOUNDED WARRIORS INC PURPOSE: ASSIST INDIGENT FAMILIES | $5,000 |
MARPLE PRESBYTERIAN CHURCH PURPOSE: ASSIST INDIGENT FAMILIES | $30,000 |
CAMP NO WORRIES PURPOSE: ASSIST INDIGENT FAMILIES | $15,000 |
PLANNED PARENTHOOD SOUTHEAST PA PURPOSE: ASSIST INDIGENT FAMILIES | $10,000 |
TRISOMY 18 FOUNDATION PURPOSE: ASSIST INDIGENT FAMILIES | $8,000 |
WILLS EYE FOUNDATION PURPOSE: ASSIST INDIGENT FAMILIES | $40,000 |