Susan & Lawrence Bailis Family Foundation
- Assets
- $117.7k
- Revenue
- $20.2k
- Investments
- $103.6k
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 04-3388172
Organization Overview
Susan & Lawrence Bailis Family Foundation is located in Cambridge, MA. The organization was established in 1997. 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. Susan & Lawrence Bailis 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, Susan & Lawrence Bailis Family Foundation generated $20.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $19.6k during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Susan & Lawrence Bailis Family Foundation has awarded 41 individual grants totaling $121,018. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,394 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,812 |
| Capital Gain Net Income | $16,812 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,206 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $13 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,570 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $19,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,069 |
| 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 | $84,303 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $117,702 |
| 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, Susan & Lawrence Bailis Family Foundation has awarded $10,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COMBINED JEWISH PHILANTHROPIES PURPOSE: UNRESTRICTED | $2,000 |
HEBREW COLLEGE PURPOSE: UNRESTRICTED | $2,500 |
WALNUT STREET MINYAN PURPOSE: UNRESTRICTED | $1,500 |
MOUNT AUBURN HOSPITAL PURPOSE: UNRESTRICTED | $1,500 |
SILENT SPRING INSTITUTE PURPOSE: UNRESTRICTED | $2,500 |