Bobbie Bailey Foundation Inc
- Assets
- $24.5m
- Revenue
- $1.6m
- Investments
- $23.4m
- Employees
- 0
- Location
- Tucker, GA
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 58-2085849
Organization Overview
Bobbie Bailey Foundation Inc is located in Tucker, GA. The organization was established in 1994. 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 the central organization for a national or regional group of organizations. Bobbie Bailey Foundation 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 12/2021, Bobbie Bailey Foundation Inc generated $1.6m in total revenue. All expenses for the organization totaled $20.0m during the year ending 12/2021.
Since 2019, Bobbie Bailey Foundation Inc has awarded 179 individual grants totaling $24,775,879. 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 |
|---|---|---|---|
Audrey B Morgan Trustee | 40 | $129,996 | |
Kimberly M Shartar Director | 3 | $0 | |
Jack Allen Morgan Director | 3 | $0 | |
Jack E Morgan Jr Director | 3 | $0 | |
Arlene Moore Dove Director | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Trustbank Of America | 12/30/19 | $250,196 |
Harry Norman Realtors | 12/30/19 | $94,500 |
Compass Real Estate | 12/30/19 | $94,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $128,868 |
| Dividends & Interest | $604,390 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $821,579 |
| Capital Gain Net Income | $821,579 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,360 |
| Total Revenue | $1,564,197 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $129,996 |
| Other employee salaries and wages | $54,568 |
| Pension plans, employee benefits | $20,481 |
| Interest | $0 |
| Taxes | $8,372 |
| Depreciation | $1,675 |
| Occupancy | $15,572 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,131 |
| Total operating and administrative expenses | $603,593 |
| Contributions, gifts, grants paid | $19,362,849 |
| Total expenses and disbursements | $19,966,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,705 |
| Savings and temporary cash investments | $997,711 |
| 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 | $4,470,786 |
| Net Land, buildings, and equipment | $4,139 |
| Other assets | $0 |
| Total assets | $24,485,053 |
| Accounts payable and accrued expenses | $5,564 |
| 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 | $5,564 |
Grants Awarded
Over the last fiscal year, Bobbie Bailey Foundation Inc has awarded $19,362,849 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
Kennesaw, GA PURPOSE: SCHOLARSHIP FUNDS | $8,550,000 |
Atlanta, GA PURPOSE: PHILANTHROPIC | $4,999,262 |
Mount Berry, GA PURPOSE: NEW THEATRE | $4,996,087 |
OUR HOUSE INC PURPOSE: CHILDHOOD EDUCATION SUPPORT SERVICES | $275,000 |
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF PROGRAMS | $85,000 |
Scottdale, GA PURPOSE: OPERATIONS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Marie-Josee And Henry R Kravis Foundation West Palm Beach, FL | $65,193,748 | $101,287,799 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
The Duke Energy Foundation Charlotte, NC | $4,461,931 | $408,995 |
Smith Richardson Foundation Inc Greensboro, NC | $606,694,904 | $88,589,213 |