J Bruce & Rose W Beveridge Foundation
- Assets
- $4.0m
- Revenue
- $105.7k
- Investments
- $3.8m
- Employees
- 0
- Location
- Bay Minette, AL
- Founding
- 01/2004
- Data as of
- 12/2023
- EIN
- 01-0620454
Organization Overview
J Bruce & Rose W Beveridge Foundation is located in Bay Minette, AL. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. J Bruce & Rose W Beveridge 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, J Bruce & Rose W Beveridge Foundation generated $105.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.1%) each year. All expenses for the organization totaled $275.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, J Bruce & Rose W Beveridge Foundation has awarded 67 individual grants totaling $1,384,657. 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 |
|---|---|---|---|
Hamilton C Smith Trustee | 0 | $0 | |
Airey S Nix Director | 0 | $0 | |
Bruce B Smith Director | 0 | $0 | |
Rose Anne Tisdale Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,864 |
| Dividends & Interest | $83,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,516 |
| Capital Gain Net Income | $6,516 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,437 |
| Total Revenue | $105,735 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,938 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $154 |
| Total operating and administrative expenses | $76,638 |
| Contributions, gifts, grants paid | $198,543 |
| Total expenses and disbursements | $275,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $207,524 |
| 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 | $2,077,057 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,260 |
| Total assets | $4,034,533 |
| 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, J Bruce & Rose W Beveridge Foundation has awarded $198,543 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL PURPOSE | $124,543 |
NORTH BALDWIN ANIMAL SHELTER PURPOSE: GENERAL PURPOSE | $5,000 |
LIGHT OF THE VILLAGE PURPOSE: GENERAL PURPOSE | $5,000 |
PARTNERS FOR ENVIRONMENTAL PROGESS PURPOSE: GENERAL PURPOSE | $6,000 |
CITY OF BAY MINETTE PURPOSE: GENERAL PURPOSE | $4,000 |
WINGS OF LIFE RECOVERY PURPOSE: GENERAL PURPOSE | $2,000 |