Bailey-Taylor Foundation Scholarship Trust
- Assets
- $0.0
- Revenue
- $84.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Farmington, CT
- Founding
- 02/2010
- Data as of
- 06/2021
- EIN
- 27-0505313
Organization Overview
Bailey-Taylor Foundation Scholarship Trust is located in Farmington, CT. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bailey-Taylor Foundation Scholarship Trust 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 06/2021, Bailey-Taylor Foundation Scholarship Trust generated $84.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $73.0k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bailey-Taylor Foundation Scholarship Trust has awarded 102 individual grants totaling $305,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACTIVITY PROVIDES FUNDING FOR THE SCHOLARSHIPS AT THE FARMINGTON HIGH SCHOOL, FARMINGTON, CONNECTICUT OR ITS SUCCESSOR REGIONAL SCHOOL RESIDING IN FARMINGTON FROM THE NET INCOME OF THE FOUNDATION. THE SCHOLARSHIPS SHALL BE SELECTED IN A MANNER PURSUANT TO ARTICLE III OF THE TRUST AGREEMENT. IN THE EVENT THE FARMINGTON HIGH SCHOOL IS NO LONGER A VIABLE FINANCIAL ENTITY OR DETERMINED NOT TO BE AN EDUCATIONAL ENTITY UNDER THE INTERNAL REVENUE CODE SECTION 501(C)3 AND 170, THE CORPUS SHALL BE DISTRIBUTED TO THE FARMINGTON FOUNDATION TO ESTABLISH SCHOLARSHIPS TO WORTHY STUDENTS BY UTILIZING THE CRITERIA ESTABLISHED IN ARTICLE III OF THE TRUST AGREEMENT.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $687 |
| Dividends & Interest | $15,416 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $84,035 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $29,985 |
| Contributions, gifts, grants paid | $43,000 |
| Total expenses and disbursements | $72,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bailey-Taylor Foundation Scholarship Trust has awarded $43,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
QUYNH TO PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,000 |
EMILY KRALIK PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,500 |
NATALIA NITENDEL PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |
JULIA NOWAK PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |
YANA TSYVIS PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |
KILEY KEOUGH PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |