Bailey Foundation
- Assets
- $4.9m
- Revenue
- $88.1k
- Investments
- $4.8m
- Employees
- 0
- Location
- Clinton, SC
- Founding
- 11/1952
- Data as of
- 08/2023
- 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 08/2023, Bailey Foundation generated $88.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (45.8%) each year. All expenses for the organization totaled $370.3k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bailey Foundation has awarded 156 individual grants totaling $1,362,216. 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.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Bailey Dixon Advisory Com | 0 | $0 | |
Walter S Mongomery Jr Advisory Com | 0 | $0 | |
Robert S Link Jr Administrato | 0 | $0 | |
Tnb Financial Services Trustee | 0 | $42,974 | |
Norman W Dixon Advisory Com | 0 | $0 | |
James L Switzer Jr Advisory Com | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150 |
| Interest on Savings | $0 |
| Dividends & Interest | $140,932 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$52,996 |
| Capital Gain Net Income | $9,862 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $88,086 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,974 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,865 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,287 |
| Printing and publications | $0 |
| Other expenses | $1,055 |
| Total operating and administrative expenses | $53,441 |
| Contributions, gifts, grants paid | $316,824 |
| Total expenses and disbursements | $370,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,685 |
| 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 | $4,866,009 |
| 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 $316,824 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS EPISCOPAL CHURCH PURPOSE: MATCHING GIFTS PROGRAM | $9,250 |
BLUE RIDGE COUNCIL BSA PURPOSE: MATCHING GIFTS PROGRAM | $500 |
BROAD STREET METHODIST CHURCH PURPOSE: GRANT PAYMENT | $10,000 |
CITY OF CLINTON PURPOSE: GRANT PAYMENT | $5,000 |
CHRIST SCHOOL PURPOSE: MATCHING GIFT PROGRAM | $15,000 |
CLEMSON UNIVERSITY PURPOSE: SCHOLARSHIP - ASHETON BALDWIN WILBAN | $10,000 |