Bailey Chipps Family Foundation
- Assets
- $972.5k
- Revenue
- $161.3k
- Investments
- $807.2k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 27-5460305
Organization Overview
Bailey Chipps Family Foundation is located in Charlotte, NC. The organization was established in 2011. 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. Bailey Chipps 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.
Since 2014, Bailey Chipps Family Foundation has awarded 90 individual grants totaling $167,175. 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 |
|---|---|---|---|
Dianne Chipps Bailey Chairman/dir | 1 | $0 | |
Bradley E Chipps MD Secretary/dir | 0.5 | $0 | |
Brian D Bailey Treasurer/dir | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $129,850 |
| Interest on Savings | $3,833 |
| Dividends & Interest | $23,520 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,117 |
| Capital Gain Net Income | $4,117 |
| Net ST Capital Gain | $4,061 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $161,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $820 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,961 |
| Contributions, gifts, grants paid | $36,300 |
| Total expenses and disbursements | $43,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,418 |
| Savings and temporary cash investments | $148,022 |
| 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 | $807,180 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $894 |
| Total assets | $972,514 |
| 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, Bailey Chipps Family Foundation has awarded $36,300 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
LINVILLE FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
WOMENS PHILANTHROPY INSTITUTE PURPOSE: GENERAL SUPPORT | $2,000 |
WOMEN EXECUTIVES FOR COMMUNITY SERV PURPOSE: GENERAL SUPPORT | $1,000 |
NOVANT HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $2,000 |
CARE RING PURPOSE: GENERAL SUPPORT | $1,000 |
WEE KIRK CHURCH PURPOSE: GENERAL SUPPORT | $1,000 |