Bowen Family Foundation
- Assets
- $110.7k
- Revenue
- $91.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Waco, TX
- Founding
- 07/2014
- Data as of
- 10/2020
- EIN
- 46-2429962
Organization Overview
Bowen Family Foundation is located in Waco, TX. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bowen 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 10/2020, Bowen Family Foundation generated $91.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year.
Since 2018, Bowen Family Foundation has awarded 13 individual grants totaling $233,369. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SPONSOR FUNDRAISING EVENTS FOR THE BENEFIT OF LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOWEN CLASSIC GOLF TOURNAMENT AND THE BOWEN MUSIC FEST WERE CANCELED DUE TO THE COVID-19 PANDEMIC. LOCAL SUPPORTERS KEPT DONATIONS WITH THE FOUNDATION TO CONTINUE OUR MISSION. GRANTS WERE DISBURSED TO THE BOYS & GIRLS CLUB, TRIS SPEAKER YOUTH CLUB, WACO FOUNDATION, BRAZOS EDUCATION FOUNDATION, BOYS & GIRLS CLUB, AMERICAN CANCER SOCIETY, NEW BRAUNFELS DOWNTOWN ASSOCIATION, AND VARIOUS OTHER LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Bowen President | OfficerTrustee | 2 | $0 |
Jill Goss Vice President | OfficerTrustee | 2 | $0 |
Scott Kernahan Treasurer | OfficerTrustee | 1 | $0 |
Glenda Bowen Director | Trustee | 2 | $0 |
Jim Bowen Director | Trustee | 2 | $0 |
Kim Gooch Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,480 |
| Investment income | $313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$42,715 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,515 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,131 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,722 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,700 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $181,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,351 |
| Savings and temporary cash investments | $100,313 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $110,664 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $110,664 |
Grants Awarded
Over the last fiscal year, Bowen Family Foundation has awarded $123,398 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Hubbard, TX PURPOSE: GENERAL CONTRIBUTION | $60,000 |
Waco, TX PURPOSE: GENERAL CONTRIBUTION | $19,898 |
New Braunfels, TX PURPOSE: GENERAL CONTRIBUTION | $16,000 |
Waco, TX PURPOSE: GENERAL CONTRIBUTION | $12,000 |
Waco, TX PURPOSE: GENERAL CONTRIBUTION | $10,000 |
Kennesaw, GA PURPOSE: GENERAL CONTRIBUTION | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bowen Family Foundation has recieved totaling $125.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independent Opportunities Inc Of Oklahoma Tulsa, OK | $20,718,127 | $36,214,630 |
Sid W Richardson Foundation Fort Worth, TX | $543,405,327 | $35,826,736 |
Genesys Works Group Return Houston, TX | $10,607,341 | $22,553,959 |
Families & Children Together Inc El Dorado, AR | $3,440,326 | $10,725,537 |
Vilcap Inc Houston, TX | $5,374,554 | $9,179,521 |
Kleinheinz Family Foundation For The Arts And Education Fort Worth, TX | $0 | $13,876,382 |
My Possibilities Plano, TX | $35,881,798 | $10,188,118 |
Hardesty Family Foundation Inc Tulsa, OK | $132,895,698 | $5,904,373 |
Brent House Corporation New Orleans, LA | $2,513,163 | $4,974,916 |
Alternative Building Concepts Group Garland, TX | $15,770,911 | $6,819,117 |
Sheltering Harbour Houston, TX | $3,221,749 | $5,825,428 |
Pwa Coalition Of Dallas Inc Dallas, TX | $14,827,763 | $6,751,009 |