Bbb Foundsation
- Assets
- $2.1m
- Revenue
- $337.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Columbus, MS
- Founding
- 04/2006
- Data as of
- 10/2023
- EIN
- 20-2042606
Organization Overview
Bbb Foundsation is located in Columbus, MS. 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. Bbb Foundsation 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 10/2023, Bbb Foundsation generated $337.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $580.2k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (22.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bbb Foundsation has awarded 155 individual grants totaling $3,684,615. 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
MISSISSIPPI STATE UNIVERSITY FOUNDATION
MISSISSIPPI STATE UNIVERSITY FOUNDATION
THE UNIVERSITY OF MISSISSIPPI FOUNDATION
THE UNIVERSITY OF MISSISSIPPI FOUNDATION
LIFELINE CHILDREN SERVICES
LIFELINE CHILDREN SERVICES
OUR DAILY BREAD
OUR DAILY BREAD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Rader Director | 0 | $0 | |
Welissa Rader Director | 0 | $0 | |
Gregory Rader Director | 0 | $0 | |
Welissa Rader Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,956 |
| Dividends & Interest | $63,750 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $271,595 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $337,301 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $203 |
| Total operating and administrative expenses | $203 |
| Contributions, gifts, grants paid | $579,980 |
| Total expenses and disbursements | $580,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $568,443 |
| 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 | $2,073,363 |
| 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, Bbb Foundsation has awarded $1,159,960 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
ANNUNCIATION CATHOLIC SCHOOL PURPOSE: MINISTRY SUPPORT | $500 |
CAMP LAKE STEVENS PURPOSE: CHARITABLE ORGANIZATION | $1,000 |
THE BRIDGE CHURCH PURPOSE: MINISTRY SUPPORT | $3,000 |
CARING & SHARING OF SOUTH WALTON PURPOSE: CHARITABLE ORGANIZATION | $10,000 |
COLUMBUS JUNIOR AUXILARY PURPOSE: CHARITABLE ORGANIZATION | $10,000 |
COMMUNITY FOUNDATION FOR MISSISSIPP PURPOSE: CHARITABLE ORGANIZATION | $10,000 |