Freda B Bowers Charitable Foundation
- Assets
- $1.3m
- Revenue
- $65.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Amherst, NY
- Founding
- 03/1999
- Data as of
- 01/2024
- EIN
- 52-6912468
Organization Overview
Freda B Bowers Charitable Foundation is located in Amherst, NY. The organization was established in 1999. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Freda B Bowers Charitable 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 01/2024, Freda B Bowers Charitable Foundation generated $65.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $100.3k during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Freda B Bowers Charitable Foundation has awarded 16 individual grants totaling $311,350. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,012 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,629 |
| Capital Gain Net Income | $25,629 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,010 |
| Total Revenue | $65,651 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,156 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,211 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,867 |
| Contributions, gifts, grants paid | $74,400 |
| Total expenses and disbursements | $100,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,298 |
| 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 | $1,300,122 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,309,420 |
| 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, Freda B Bowers Charitable Foundation has awarded $74,400 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CUMBERLAND YMCA PURPOSE: GENERAL OPERATING EXPENSES | $18,600 |
ST PAUL'S LUTHERAN CHURCH PURPOSE: GENERAL OPERATING EXPENSES | $12,400 |
CITY OF CUMBERLAND PARKS & REC DEPT PURPOSE: GENERAL OPERATING EXPENSES | $18,600 |
ALLEGANY HIGH SCHOOL PURPOSE: GENERAL OPERATING EXPENSES | $24,800 |