Ethel N Bowen Foundation Inc
- Assets
- $15.3m
- Revenue
- $2.1m
- Investments
- $15.2m
- Employees
- 0
- Location
- Bluefield, WV
- Founding
- 03/1969
- Data as of
- 12/2021
- EIN
- 23-7010740
Organization Overview
Ethel N Bowen Foundation Inc is located in Bluefield, WV. The organization was established in 1969. 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. Ethel N Bowen 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 12/2021, Ethel N Bowen Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 46.8% each year . All expenses for the organization totaled $685.7k during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 4 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 2020, Ethel N Bowen Foundation Inc has awarded 538 individual grants totaling $1,187,236. 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 |
|---|---|---|---|
Frank W Wilkinson President | 0.5 | $0 | |
James R Hypes Vice President & Secretary | 0.5 | $0 | |
B K Satterfield Treasurer | 0.5 | $0 | |
Henry C Bowen Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $315,812 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,740,090 |
| Capital Gain Net Income | $1,740,090 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,500 |
| Total Revenue | $2,064,402 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,634 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,316 |
| Total operating and administrative expenses | $91,830 |
| Contributions, gifts, grants paid | $593,830 |
| Total expenses and disbursements | $685,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $104,412 |
| 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 | $10,420,692 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,334,394 |
| 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, Ethel N Bowen Foundation Inc has awarded $593,830 in support to 266 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BLUEFIELD PURPOSE: POLICE DEPARTMENT EQUIPMENT AND OFFICER TRAINING | $35,000 |
BLUEFIELD HIGH SCHOOL PURPOSE: EQUIPMENT | $20,000 |
BLUEFIELD UNIVERSITY PURPOSE: FIVE SCHOLARSHIPS FOR OPPORTUNITY SCHOOL FOR WOMEN | $20,000 |
Bluefield, VA PURPOSE: LOCKER ROOM/FLOORING IMPROVEMENTS | $15,000 |
VIRGINIA ATHLETICS FOUNDATION PURPOSE: ATHLETIC DEPARTMENT | $15,000 |
BLUEFIELD STATE COLLEGE PURPOSE: NURSING PROGRAM | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |