Bailey Foundation
- Assets
- $5.1m
- Revenue
- $1.2m
- Investments
- $5.0m
- Employees
- 0
- Location
- Clinton, SC
- Founding
- 11/1952
- Data as of
- 08/2022
- EIN
- 57-6018387
Organization Overview
Bailey Foundation is located in Clinton, SC. The organization was established in 1952. 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 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 08/2022, Bailey Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.9% each year . All expenses for the organization totaled $482.5k during the year ending 08/2022. While expenses have increased by 3.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bailey Foundation has awarded 113 individual grants totaling $1,045,392. 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 |
|---|---|---|---|
Tnb Financial Services Trustee | 0 | $47,084 | |
Mrs Bailey Dixon Advisory Com | 0 | $0 | |
Walter S Mongomery Jr Advisory Com | 0 | $0 | |
Robert S Link Jr Administrato | 0 | $0 | |
Norman W Dixon Advisory Com | 0 | $0 | |
James L Switzer Jr Advisory Com | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $961,736 |
| Interest on Savings | $0 |
| Dividends & Interest | $113,368 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,103 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,188,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,084 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,646 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,076 |
| Total operating and administrative expenses | $60,786 |
| Contributions, gifts, grants paid | $421,720 |
| Total expenses and disbursements | $482,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $131,073 |
| 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 | $0 |
| Total assets | $5,148,188 |
| 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 Foundation has awarded $421,720 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
Clinton, SC PURPOSE: GRANT PAYMENT | $50,000 |
HOSPICE OF LAURENS COUNTY PURPOSE: GRANT PAYMENT | $50,000 |
Clinton, SC PURPOSE: GRANT PAYMENT | $25,000 |
Clinton, SC PURPOSE: GRANT PAYMENT | $25,000 |
CLINTON FAMILY YMCA PURPOSE: GRANT PAYMENTS | $25,000 |
SC INDEPENDENT COLLEGES & UNIVERSIT PURPOSE: GRANT PAYMENT | $21,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bailey Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Rose & Walter Montgomery Foundation Spartanburg, SC PURPOSE: FOR BAILEY MAUSOLEUM | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |