Bishop Family Foundation
- Assets
- $10.8m
- Revenue
- $330.9k
- Investments
- $10.8m
- Employees
- 0
- Location
- Signal Mountain, TN
- Founding
- Data as of
- 12/2023
- EIN
- 86-1303160
Organization Overview
Bishop Family Foundation is located in Signal Mountain, TN. 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. Bishop 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, Bishop Family Foundation generated $330.9k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $563.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Bishop Family Foundation has awarded 35 individual grants totaling $1,650,500. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA FOUNDATION IS SOLELY INVOLVED IN GRANT MAKING ACTIVITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Bishop President | 2 | $0 | |
Will Bishop Secretary | 2 | $0 | |
Ben Bishop Treasurer | 2 | $0 | |
Megan Bishop Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $330,868 |
| 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 | $330,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,886 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,179 |
| Total operating and administrative expenses | $8,065 |
| Contributions, gifts, grants paid | $555,000 |
| Total expenses and disbursements | $563,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,729 |
| 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 | $10,833,300 |
| Accounts payable and accrued expenses | $2,353 |
| 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 | $2,353 |
Grants Awarded
Over the last fiscal year, Bishop Family Foundation has awarded $555,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ADULT AND TEEN CHALLENGE MIDSOUTH PURPOSE: GENERAL OPERATING EXPENSES | $25,000 |
THE CHATTANOOGA FOUNDATION PURPOSE: GENERAL OPERATING EXPENSES | $10,000 |
TENNESSEE AQUARIUM PURPOSE: GENERAL OPERATING EXPENSES | $20,000 |
FRIENDS OF THE ZOO PURPOSE: ANIMAL ENRICHMENT | $25,000 |
ST JUDE CHILDREN'S RESEARCH PURPOSE: GENERAL OPERATIONS | $40,000 |
THE GENEROSITY TRUST PURPOSE: FUNDING FOR DONOR ADVISED FUND | $170,000 |