Bearden Foundation
- Assets
- $4.6m
- Revenue
- $122.0k
- Investments
- $4.5m
- Employees
- 0
- Location
- Sugarland, TX
- Founding
- 03/2009
- Data as of
- 10/2023
- EIN
- 26-3710470
Organization Overview
Bearden Foundation is located in Sugarland, TX. The organization was established in 2009. 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. Bearden 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 10/2023, Bearden Foundation generated $122.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $179.5k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Bearden Foundation has awarded 140 individual grants totaling $721,226. 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 |
|---|---|---|---|
Dennis Bearden Director | 1 | $0 | |
Barry Bearden Director | 1 | $0 | |
William Hall Director/vp/sec/treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,763 |
| Dividends & Interest | $162,708 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$43,667 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $223 |
| Total Revenue | $122,027 |
| 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 | $37,274 |
| Total operating and administrative expenses | $39,549 |
| Contributions, gifts, grants paid | $139,954 |
| Total expenses and disbursements | $179,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,581 |
| 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 | $4,459,926 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,595,507 |
| Accounts payable and accrued expenses | $2,275 |
| 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 | $2,275 |
Grants Awarded
Over the last fiscal year, Bearden Foundation has awarded $139,954 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ANNA MACKEY PURPOSE: SCHOLARSHIP | $4,000 |
ASHLEY WYGAL PURPOSE: DONATION | $1,000 |
BELOVED AND BEYOND PURPOSE: DONATION | $2,500 |
BOWDOIN COLLEGE PURPOSE: SCHOLARSHIP | $8,500 |
BENJAMIN VOLUNTEER FIRE DEPARTMENT PURPOSE: DONATION | $100 |
CAMP FOR ALL PURPOSE: DONATION | $10,000 |