Bosarge Family Foundation
- Assets
- $21.5m
- Revenue
- $5.7m
- Investments
- $7.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/2012
- Data as of
- 12/2021
- EIN
- 27-3139347
Organization Overview
Bosarge Family Foundation is located in Houston, TX. The organization was established in 2012. 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. Bosarge Family 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 12/2021, Bosarge Family Foundation generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $805.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bosarge Family Foundation has awarded 72 individual grants totaling $13,388,236. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE ADVANCEMENT OF WORLD HEALTH AND THE HUMAN CONDITION THROUGH SCIENCE, MUSIC AND THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
We Bosarge Jr Director/president | 5 | $0 | |
Suzanna Mcvey Director/vice-President | 5 | $0 | |
Andrew Bosarge Director/vice-President | 5 | $0 | |
Julianna Riley Secretary/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $67,083 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,922 |
| Capital Gain Net Income | $5,922 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,591,265 |
| Total Revenue | $5,664,270 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $161,000 |
| Pension plans, employee benefits | $22,736 |
| Interest | $0 |
| Taxes | $248 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,718 |
| Printing and publications | $0 |
| Other expenses | $33,938 |
| Total operating and administrative expenses | $228,090 |
| Contributions, gifts, grants paid | $577,000 |
| Total expenses and disbursements | $805,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,512,137 |
| Savings and temporary cash investments | $2,212,871 |
| 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 | $706,281 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,010,744 |
| Net Land, buildings, and equipment | $62,630 |
| Other assets | $0 |
| Total assets | $21,504,663 |
| 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, Bosarge Family Foundation has awarded $406,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ARS LYRICA HOUSTON PURPOSE: GENERAL SUPPORT OF ORGANIZATION | $40,000 |
ASTROS GOLF FOUNDATION PURPOSE: GENERAL SUPPORT OF ORGANIZATION | $200,000 |
BOOTHBAY REGION YMCA PURPOSE: TREE OF GIVING | $6,000 |
APOLLO CHAMBER PLAYERS PURPOSE: GENERAL SUPPORT OF ORGANIZATION | $100,000 |
FRIENDS OF THAI DAUGHTERS INC PURPOSE: SUNFLOWER THRIVABLE FARM - CONSTRUCTION | $50,000 |
PRAGER UNIVERSITY FOUNDATION PURPOSE: AMERICAN VALUES THROUGH DIGITAL MEDIA | $10,000 |