Bishop Family Foundation
- Assets
- $610.7k
- Revenue
- $24.1k
- Investments
- $600.1k
- Employees
- 0
- Location
- Odessa, TX
- Founding
- 04/2016
- Data as of
- 12/2020
- EIN
- 46-4135341
Organization Overview
Bishop Family Foundation is located in Odessa, TX. The organization was established in 2016. 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. Bishop 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 12/2020, Bishop Family Foundation generated $24.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $38.0k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bishop Family Foundation has awarded 34 individual grants totaling $224,060. 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 |
|---|---|---|---|
Omer Bishop Chairman | 0 | $0 | |
Gary Bishop President | 0 | $0 | |
Joshua Bishop Treasurer/director | 0 | $0 | |
Sharon Bishop Secretary/director | 0 | $0 | |
Linda Freeman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $13,279 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,768 |
| Capital Gain Net Income | $10,495 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,053 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,958 |
| Contributions, gifts, grants paid | $36,000 |
| Total expenses and disbursements | $37,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,286 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $337 |
| Total assets | $610,723 |
| 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, Bishop Family Foundation has awarded $36,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GIDEONS INTL PURPOSE: OPERATIONS | $12,000 |
THE NOVUS ACADEMY PURPOSE: OPERATIONS | $8,000 |
PERMIAN BASIN REHAB PURPOSE: OPERATIONS | $5,000 |
TURNING POINT PURPOSE: OPERATIONS | $3,000 |
Midland, TX PURPOSE: OPERATIONS | $3,000 |
Odessa, TX PURPOSE: OPERATIONS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
Hamon Charitable Foundation Dallas, TX | $77,984,763 | $10,364,017 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Biogen Foundation Inc Dallas, TX | $25,561,498 | $3,880,862 |
The Margaret And Al Hill Family Foundation Dallas, TX | $0 | $526,228 |