Bayer Family Foundation
- Assets
- $14.6m
- Revenue
- $400.2k
- Investments
- $14.2m
- Employees
- 0
- Location
- Bridgeview, IL
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 06-1789656
Organization Overview
Bayer Family Foundation is located in Bridgeview, IL. The organization was established in 2006. 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. Bayer 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, Bayer Family Foundation generated $400.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Bayer Family Foundation has awarded 315 individual grants totaling $3,935,547. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Bayer Pres/sec/treas/dir | 0.25 | $0 | |
Walter Bayer Director | 0.25 | $0 | |
Priscilla Bayer Director | 0.25 | $0 | |
Irene Joyce Yaung Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35,703 |
| Dividends & Interest | $327,574 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,327 |
| Capital Gain Net Income | $35,327 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,548 |
| Total Revenue | $400,152 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $98,555 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14 |
| Total operating and administrative expenses | $208,004 |
| Contributions, gifts, grants paid | $1,007,175 |
| Total expenses and disbursements | $1,215,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,601 |
| 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 | $139,097 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $20,907 |
| Total assets | $14,570,248 |
| 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, Bayer Family Foundation has awarded $1,007,175 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL UNRESTRICTED CHARITABLE PURPOSE | $2,500 |
ANTI-CRUELTY SOCIETY PURPOSE: GENERAL UNRESTRICTED CHARITABLE PURPOSE | $25,000 |
BROTHERS FOR LIFE PURPOSE: GENERAL UNRESTRICTED CHARITABLE PURPOSE | $25,000 |
BOCA RATON REGIONAL HOSPITAL PURPOSE: GENERAL UNRESTRICTED CHARITABLE PURPOSE | $5,000 |
CAMP OUT FOR KIDS PURPOSE: GENERAL UNRESTRICTED CHARITABLE PURPOSE | $5,000 |
CHICAGO PUBLIC MEDIA PURPOSE: GENERAL UNRESTRICTED CHARITABLE PURPOSE | $50,000 |