Bowen Foundation
- Assets
- $7.6m
- Revenue
- $328.0k
- Investments
- $5.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 26-3871656
Organization Overview
Bowen Foundation is located in Oklahoma City, OK. The organization was established in 2010. 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. Bowen 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 12/2023, Bowen Foundation generated $328.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $794.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bowen Foundation has awarded 593 individual grants totaling $8,498,538. 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 |
|---|---|---|---|
Cassandra C Bowen President/tr | 0 | $0 | |
Charles K Bowen Vice-Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,972 |
| Net Rental Income | $10,404 |
| Net Gain on Sale of Assets | $163,117 |
| Capital Gain Net Income | $163,117 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $150,500 |
| Total Revenue | $327,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,973 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $229 |
| Total operating and administrative expenses | $46,489 |
| Contributions, gifts, grants paid | $747,828 |
| Total expenses and disbursements | $794,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $130,322 |
| 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 | $7,500,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,630,327 |
| 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, Bowen Foundation has awarded $747,828 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIED ARTS PURPOSE: CHARITABLE | $7,000 |
ALZHEIMER'S ASSOCIATION OKLAHOMA CHAPTER PURPOSE: CHARITABLE | $20,000 |
ASANTE SANA FOR EDUCATION PURPOSE: CHARITABLE | $1,000 |
ARTS COUNCIL OKLAHOMA CITY PURPOSE: CHARITABLE | $500 |
BLAZE'S TRIBUTE EQUINE RESCUE PURPOSE: CHARITABLE | $55,000 |
BETHANY CHILDREN'S HEALTH CENTER PURPOSE: CHARITABLE | $250 |