Bowles Rice Foundation
- Assets
- $1.6m
- Revenue
- $214.4k
- Investments
- $1.5m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 10/2006
- Data as of
- 12/2021
- EIN
- 20-2077682
Organization Overview
Bowles Rice Foundation is located in Charleston, WV. 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. Bowles Rice 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 12/2021, Bowles Rice Foundation generated $214.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $102.4k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 5 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 2018, Bowles Rice Foundation has awarded 58 individual grants totaling $299,500. 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 A Heywood President | 0.5 | $0 | |
Judy Margolin Treasurer | 0.5 | $0 | |
Melody Simpson Secretary | 0.5 | $0 | |
Ellen Maxwell-Hoffman Director | 0.5 | $0 | |
Jennifer Hagedorn Director | 0.5 | $0 | |
Corey Palumbo Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $114,971 |
| Capital Gain Net Income | $114,971 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $214,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $119 |
| Taxes | $2,034 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,944 |
| Contributions, gifts, grants paid | $76,500 |
| Total expenses and disbursements | $102,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,812 |
| 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 | $1,580,792 |
| 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, Bowles Rice Foundation has awarded $76,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Charleston, WV PURPOSE: HIGH QUALITY LEGAL SERVICES FOR THE POOR AND VULNERABLE | $15,000 |
Charleston, WV PURPOSE: GENERAL PROGRAM SUPPORT | $12,500 |
Charleston, WV PURPOSE: TO DIVERSIFY WEST VIRGINIA'S ECONOMY AND GIVE EXISTING INDUSTRIES THE TOOLS THEY NEED TO BE COMPETITIVE IN THE GLOBAL ECONOMY | $10,000 |
Charleston, WV PURPOSE: GENERAL PROGRAM SUPPORT | $5,000 |
CHARLESTON AREA YMCA PURPOSE: GENERAL PROGRAM SUPPORT | $5,000 |
Morgantown, WV PURPOSE: GENERAL PROGRAM SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |