The Bonny Oaks Foundation
- Assets
- $1.0m
- Revenue
- $103.9k
- Investments
- $842.2k
- Employees
- 0
- Location
- Hixson, TN
- Founding
- 03/1985
- Data as of
- 04/2024
- EIN
- 62-1175793
Organization Overview
The Bonny Oaks Foundation is located in Hixson, TN. The organization was established in 1985. 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. Bonny Oaks Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Bonny Oaks Foundation has awarded 63 individual grants totaling $353,200. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
PROVIDE EDUCATIONAL GRANTS TO DESERVING POST SECONDARY EDUCATION QUALIFIED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawanda Jackson President | 0 | $0 | |
Janet Upton Vice President | 0 | $0 | |
Brandy Beck Secretary/treasurer | 0 | $0 | |
Angel D Bennett Director | 0 | $0 | |
Ron Thomas Director | 0 | $0 | |
Mark Fleck Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,648 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $80,248 |
| Total Revenue | $103,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $563 |
| Total operating and administrative expenses | $12,859 |
| Contributions, gifts, grants paid | $107,000 |
| Total expenses and disbursements | $119,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,514 |
| Savings and temporary cash investments | $140,000 |
| 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 | $1,021,691 |
| 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, The Bonny Oaks Foundation has awarded $107,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CALEB EVETT PURPOSE: SCHOLARSHIP | $10,000 |
EMMA STEELE PURPOSE: SCHOLARSHIP | $3,000 |
GAVIN ERICKSON PURPOSE: SCHOLARSHIP | $6,000 |
OLIVIA BECK PURPOSE: SCHOLARSHIP | $10,000 |
MASON LEUTY PURPOSE: SCHOLARSHIP | $10,000 |
PEYTON POWERS PURPOSE: SCHOLARSHIP | $1,000 |