Bellwether Foundation Inc
- Assets
- $68.8m
- Revenue
- $7.1m
- Investments
- $67.9m
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 07/1985
- Data as of
- 12/2022
- EIN
- 22-2635309
Organization Overview
Bellwether Foundation Inc is located in St Louis, MO. The organization was established in 1985. 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. Bellwether Foundation Inc 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, Bellwether Foundation Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $5.8m during the year ending 12/2022. While expenses have increased by 4.7% 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, Bellwether Foundation Inc has awarded 217 individual grants totaling $18,378,364. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RECEIVED A TESTAMENTARY BEQUEST CONSISTING OF AN EXTENSIVE COLLECTION OF ARTWORK. THE FOUNDATION HAS AND WILL CONTINUE TO USE THE COLLECTION DIRECTLY IN CARRYING OUT ITS TAX-EXEMPT PURPOSE OF PROMOTING AND FURTHERING PUBLIC AWARENESS AND APPRECIATION OF ART. ACTIVITIES INCLUDE ARTWORK TOURS TO VARIOUS MUSEUMS AND SIMILAR INSTITUTIONS THROUGHOUT THE U.S. FOR PUBLIC EXHIBITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia V Smith President/secretary | 15 | $0 | |
Robert B Smith III Chairman Of The Board | 0.5 | $0 | |
Sally Duffield Trustee | 1.5 | $0 | |
Carrie D Pittenger Trustee | 1.25 | $0 | |
John J Wolfe Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Semper Augustus Investments Group Llc | 12/30/22 | $528,111 |
Lynn R Freedman | 12/30/22 | $53,266 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,581 |
| Dividends & Interest | $2,184,324 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,928,473 |
| Capital Gain Net Income | $4,928,473 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,136,378 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $170,734 |
| Depreciation | $0 |
| Occupancy | $35,887 |
| Travel, conferences, and meetings | $374 |
| Printing and publications | $0 |
| Other expenses | $35,687 |
| Total operating and administrative expenses | $978,849 |
| Contributions, gifts, grants paid | $4,805,374 |
| Total expenses and disbursements | $5,784,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,549 |
| Savings and temporary cash investments | $531,439 |
| Net Accounts receivable | $832 |
| 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 | $1,684,247 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,473 |
| Total assets | $68,831,959 |
| Accounts payable and accrued expenses | $848 |
| 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 | $848 |
Grants Awarded
Over the last fiscal year, Bellwether Foundation Inc has awarded $4,805,374 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS HOPE GIRLS HOPE PURPOSE: TO SUPPORT RESIDENTIAL AND EDUCATIONAL PROGRAMS FOR CHILDREN IN NEED | $12,000 |
BEYOND HOUSING INC PURPOSE: TO STRENGTHEN NEIGHBORHOODS | $35,000 |
BILINGUAL INTERNATIONAL ASSISTANT SERVICES PURPOSE: TO ENSURE EQUAL ACCESS TO HEALTHCARE, MENTAL HEALTH AND SOCIAL SERVICES FOR ALL | $10,000 |
CHILDREN'S HOME SOCIETY OF MISSOURI (DBA FAMILYFORWARD) PURPOSE: TO SUPPORT THERAPEUTIC AND EDUCATIONAL SERVICES FOR BIOLOGICAL, FOSTER, AND ADOPTIVE FAMILIES | $50,000 |
CITY ACADEMY PURPOSE: TO OFFER AFFORDABLE EDUCATION TO PROMISING CHILDREN IN THE COMMUNITY | $7,500 |
CITY GARDEN MONTESSORI SCHOOL PURPOSE: TO PROVIDE A HIGH-QUALITY EDUCATION TO A DIVERSE STUDENT POPULATION | $10,000 |