Bbc Foundation
- Assets
- $2.0m
- Revenue
- $75.1k
- Investments
- $1.9m
- Employees
- 0
- Location
- Fort Oglethorpe, GA
- Founding
- 10/1984
- Data as of
- 12/2022
- EIN
- 58-1577719
Organization Overview
Bbc Foundation is located in Fort Oglethorpe, GA. The organization was established in 1984. 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. Bbc 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 12/2022, Bbc Foundation generated $75.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $125.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bbc Foundation has awarded 80 individual grants totaling $357,000. 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 |
|---|---|---|---|
Knox S Farmer Chairman | 0.5 | $0 | |
James E Prickett Vice-President | 0.5 | $0 | |
Elizabeth F Black Co-Chairman & Secretary | 0.5 | $0 | |
Clay G Prickett Trustee | 0.5 | $0 | |
Allison F Prickett Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $28,722 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,390 |
| Capital Gain Net Income | $46,390 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,120 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,805 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,367 |
| Contributions, gifts, grants paid | $101,000 |
| Total expenses and disbursements | $125,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,538 |
| Savings and temporary cash investments | $17,426 |
| 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 | $803,266 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,953,590 |
| 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, Bbc Foundation has awarded $101,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ARTSBUILD PURPOSE: OPERATING FUNDS | $10,000 |
ALBERTVILLE CITY SCHOOLS FDN PURPOSE: OPERATING FUNDS | $3,000 |
ATLANTA BOTANICAL GARDEN PURPOSE: OPERATING FUNDS | $2,500 |
BERRY COLLEGE INC PURPOSE: OPERATING FUNDS | $2,000 |
CADAS PURPOSE: OPERATING FUNDS | $25,000 |
CHATTANOOGA COMMUNITY KITCHEN PURPOSE: OPERATING FUNDS | $11,000 |