Bowdon Family Foundation
- Assets
- $3.5m
- Revenue
- $230.2k
- Investments
- $1.9m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 11/2010
- Data as of
- 12/2021
- EIN
- 27-3407560
Organization Overview
Bowdon Family Foundation is located in Fort Worth, TX. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bowdon 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, Bowdon Family Foundation generated $230.2k 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 (8.2%) each year. All expenses for the organization totaled $463.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOWDON FAMILY FOUNDATION PURCHASED A BUILDING IN 2014 TO BE USED AS A LOCATION FOR A NONPROFIT CALLED THE CEDARS UNION. THE MISSION OF THE CEDARS UNION IS TO PROVIDE LOCAL ARTISTS WITH THE OPPORTUNITY TO TAKE THEIR CRAFTS TO THE NEXT LEVEL BY PROVIDING THEM WITH A WORK SPACE, TOOLS AND EQUIPMENT, AND CONNECTIONS TO THE COMMUNITY. THE FOUNDATION COSTS TO OWN AND MAINTAIN THE BUILDING, AND THE COSTS TO INCUBATE THE NEW NONPROFIT HAVE BEEN DIRECT CHARITABLE ACTIVITIES FOR THE FOUNDATION. FOR 2021, DIRECT CHARITABLE EXPENSES INCLUDED PAYMENTS OF PROPERTY INSURANCE, PROPERTY TAXES, REPAIRS AND BUILDING MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth S Bowdon Pres/trustee | 1 | $0 | |
Bobbye Jan Bowdon Trustee | 1 | $0 | |
Megan Bowdon Sec/tr/trustee | 10 | $0 | |
Matthew Bowdon A. Sec/trustee | 3 | $0 | |
John Wilkinson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $68 |
| Dividends & Interest | $54,015 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $170,706 |
| Capital Gain Net Income | $170,706 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,369 |
| Total Revenue | $230,158 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11 |
| Taxes | $50,963 |
| Depreciation | $24,854 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,326 |
| Total operating and administrative expenses | $145,864 |
| Contributions, gifts, grants paid | $317,998 |
| Total expenses and disbursements | $463,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,362 |
| 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 | $787,291 |
| Net Land, buildings, and equipment | $1,622,086 |
| Other assets | $0 |
| Total assets | $3,540,876 |
| 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, Bowdon Family Foundation has awarded $545,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |
Fort Worth, TX PURPOSE: GENERAL OPERATING SUPPORT | $20,500 |
Fort Worth, TX PURPOSE: EMERGENCY FUNDING | $20,000 |
FORT WORTH OPERA PURPOSE: EMERGENCY FUNDING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |