Thomas S And Mary K Bagley Foundation
- Assets
- $2.4m
- Revenue
- $2.4m
- Investments
- $2.2m
- Employees
- 0
- Location
- Crystal Lake, IL
- Founding
- 03/2005
- Data as of
- 12/2022
- EIN
- 20-0833307
Organization Overview
Thomas S And Mary K Bagley Foundation is located in Crystal Lake, IL. The organization was established in 2005. 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. Thomas S And Mary K Bagley 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 12/2022, Thomas S And Mary K Bagley Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 58.7% each year . All expenses for the organization totaled $294.1k during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 6 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 2017, Thomas S And Mary K Bagley Foundation has awarded 31 individual grants totaling $1,091,114. 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 |
|---|---|---|---|
Thomas S Bagley President | 0 | $0 | |
James J Bagley Treasurer | 0 | $0 | |
Charles Harris Secretary | 0 | $0 | |
Mary K Bagley Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,078,496 |
| Interest on Savings | $123 |
| Dividends & Interest | $68,307 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $264,784 |
| Capital Gain Net Income | $264,784 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,037 |
| Total Revenue | $2,414,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $263 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,138 |
| Total operating and administrative expenses | $8,201 |
| Contributions, gifts, grants paid | $285,940 |
| Total expenses and disbursements | $294,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,555 |
| 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 | $2,397,850 |
| 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, Thomas S And Mary K Bagley Foundation has awarded $285,940 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
NAVY SEAL FOUNDATION PURPOSE: GENERAL FUND | $49,260 |
NAVY SEAL FOUNDATION PURPOSE: GENERAL FUND | $50,000 |
NAVY SEAL FOUNDATION PURPOSE: GENERAL FUND | $50,000 |
NAVY SEAL FOUNDATION PURPOSE: GENERAL FUND | $98,480 |
THE HUMANE SOCIETY OF THE US PURPOSE: UNRESTRICTED | $2,500 |
ACE SCHOLARSHIP PURPOSE: UNRESTRICTED | $2,500 |