Bailey Endowment Inc
- Assets
- $3.2m
- Revenue
- $169.9k
- Investments
- $3.1m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 03/1993
- Data as of
- 12/2023
- EIN
- 56-1802700
Organization Overview
Bailey Endowment Inc is located in Raleigh, NC. The organization was established in 1993. 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 Endowment Inc 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, Bailey Endowment Inc generated $169.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $183.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bailey Endowment Inc has awarded 248 individual grants totaling $1,268,208. 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 |
|---|---|---|---|
Hoyt G Tessner President | 1 | $0 | |
Melanie Knight Secretary/tr | 1 | $0 | |
Cynthia Buckingham VP | 1 | $0 | |
Anne Bailey Director | 1 | $0 | |
Nicholas Tessener Director | 1 | $0 | |
A Bailey Knight Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,388 |
| Dividends & Interest | $60,134 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $95,713 |
| Capital Gain Net Income | $95,713 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $656 |
| Total Revenue | $169,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,003 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,781 |
| Total operating and administrative expenses | $45,909 |
| Contributions, gifts, grants paid | $138,000 |
| Total expenses and disbursements | $183,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,523 |
| Savings and temporary cash investments | $130,637 |
| 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 | $1,126 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,964 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,191,219 |
| Accounts payable and accrued expenses | $188 |
| 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 | $188 |
Grants Awarded
Over the last fiscal year, Bailey Endowment Inc has awarded $138,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS NC STATE PURPOSE: OPERATIONAL SUPPORT | $7,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: OPERATIONAL SUPPORT | $1,500 |
ASSOCIATION FOR WELFARE OF ANIMALS PURPOSE: OPERATIONAL SUPPORT | $10,000 |
CAMPBELL UNIVERSITY LAW SCHOOL PURPOSE: OPERATIONAL SUPPORT | $4,500 |
CAROLINA TIGER RESCUE PURPOSE: OPERATIONAL SUPPORT | $3,000 |
CLEVELAND COUNTY ARTS COUNCIL PURPOSE: OPERATIONAL SUPPORT | $3,500 |