Bame Foundation
- Assets
- $1.7m
- Revenue
- $975.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Golden Valley, MN
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 27-4159707
Organization Overview
Bame Foundation is located in Golden Valley, MN. The organization was established in 2013. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Bame 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, Bame Foundation generated $975.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $765.6k during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Bame Foundation has awarded 1,037 individual grants totaling $7,210,256. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COORDINATE, PACK, AND SEND OVER 1,300 CARE PACKAGES FOR SOLDIERS SERVING OVERSEAS. BOXES CONTAIN TOILETRIES, SNACKS, GAMES, AND LETTERS OF ENCOURAGEMENT FROM CHILDREN.
FUNDING BRIGHT SCIENTISTS TO FIND A CURE FOR CHILDHOOD CANCER AND SUPPORTING PEDIATRIC CANCER PATIENTS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian N Bame President | 0 | $0 | |
Marna Bame Treasurer | 0 | $0 | |
Marissa Bame Schermer Secretary | 0 | $0 | |
Lucas C Bame Director | 0 | $0 | |
Alicia C Bame-Anderson Director | 0 | $0 | |
Natasha C Bame Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $946,032 |
| Interest on Savings | $309 |
| Dividends & Interest | $20,224 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,567 |
| Capital Gain Net Income | $8,567 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $975,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $492 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $59,123 |
| Total operating and administrative expenses | $71,081 |
| Contributions, gifts, grants paid | $694,508 |
| Total expenses and disbursements | $765,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $410,332 |
| 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 | $180,847 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,653,717 |
| 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, Bame Foundation has awarded $694,508 in support to 115 organizations.
| Grant Recipient | Amount |
|---|---|
3G FOOD PANTRY PURPOSE: CHARITABLE GIFT | $1,040 |
ACE IN THE CITY PURPOSE: CHARITABLE GIFT | $500 |
ALEXANDRIA TECHNICAL COLLEGE FOUNDATION PURPOSE: CHARITABLE GIFT | $2,050 |
AFTER BREAST CANCER DIAGNOSIS PURPOSE: CHARITABLE GIFT | $100 |
ALZHEIMER'S ASSOCIATION PURPOSE: CHARITABLE GIFT | $1,040 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE GIFT | $100 |