Bacon Family Foundation
- Assets
- $1.2m
- Revenue
- $81.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Grand Junction, CO
- Founding
- 08/1994
- Data as of
- 06/2023
- EIN
- 84-1269589
Organization Overview
Bacon Family Foundation is located in Grand Junction, CO. The organization was established in 1994. 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. Bacon 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 06/2023, Bacon Family Foundation generated $81.2k 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 (40.7%) each year. All expenses for the organization totaled $751.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bacon Family Foundation has awarded 213 individual grants totaling $9,667,497. 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 |
|---|---|---|---|
Stephen Bacon President | 2 | $0 | |
Andrew Bacon Vice President | 2 | $0 | |
Linda Bacon Reid Secretary/treasurer | 20 | $15,000 | |
Amy Bacon Hill Director | 2 | $0 | |
Herbert Bacon Director | 2 | $0 | |
Laura May Bacon Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,803 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,349 |
| Capital Gain Net Income | $37,349 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,152 |
| 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 | $4,018 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $530 |
| Total operating and administrative expenses | $45,530 |
| Contributions, gifts, grants paid | $706,250 |
| Total expenses and disbursements | $751,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,168 |
| 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 | $1,169,156 |
| 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, Bacon Family Foundation has awarded $1,882,250 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
BENET HILL MONASTERY PURPOSE: IN MEMORY OF SISTER MARY GLENN, OBS | $250 |
CENTER FOR HEALTH & HOPE PURPOSE: FUNDS TO SUPPORT THE 16TH ANNUAL SWINGING @ AIDS GOLF BENEFIT IN AUGUST, 2022. | $5,000 |
CENTER FOR HEALTH & HOPE PURPOSE: BENEFIT FOR INTERNATIONAL PROGRAMS & TRAVEL EXPENSES | $12,000 |
COLORADO WEST LAND TRUST PURPOSE: MISSING LINK MONUMENT TRAIL FUND | $15,000 |
COLORADO MESA UNIVERSITY FOUNDATION PURPOSE: CONSTRUCTION OF PHYSICIAN ASSISTANT/PHYSICAL THERAPY/OCCUPATIONAL THERAPY CENTER ON THE CMU CAMPUS. | $50,000 |
GRAND VALLEY CATHOLIC OUTREACH PURPOSE: BENEFIT OF THE CATHOLIC OUTREACH. | $100,000 |