Bower Foundation
- Assets
- $125.7m
- Revenue
- $14.3m
- Investments
- $122.7m
- Employees
- 0
- Location
- Ridgeland, MS
- Founding
- 10/1975
- Data as of
- 12/2021
- EIN
- 64-0540635
Organization Overview
Bower Foundation is located in Ridgeland, MS. The organization was established in 1975. According to its NTEE Classification (G44) the organization is classified as: Kidney Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bower 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 12/2021, Bower Foundation generated $14.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $4.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bower Foundation has awarded 58 individual grants totaling $16,204,560. 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 |
|---|---|---|---|
Anne Travis Ceo/board Vi | 39.1 | $281,775 | |
Ralph Didlake MD Director | 0.81 | $19,146 | |
Walter Neely PHD Director | 0.85 | $16,690 | |
Cheryl Lee Sykes Director | 0.9 | $16,146 | |
John Bower MD Board Presid | 0.81 | $15,510 | |
William S Painter Director | 0.84 | $13,851 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abdul Bengali | 12/30/21 | $230,132 |
Creative Distillery | 12/30/21 | $65,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35 |
| Dividends & Interest | $1,918,639 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,413,943 |
| Capital Gain Net Income | $12,413,943 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,332,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $377,103 |
| Other employee salaries and wages | $161,401 |
| Pension plans, employee benefits | $69,023 |
| Interest | $0 |
| Taxes | $192,323 |
| Depreciation | $11,292 |
| Occupancy | $56,096 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,958 |
| Other expenses | $106,220 |
| Total operating and administrative expenses | $1,051,952 |
| Contributions, gifts, grants paid | $3,426,711 |
| Total expenses and disbursements | $4,478,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,728,932 |
| Savings and temporary cash investments | $73,385 |
| 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 | $23,207 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $122,663,118 |
| Net Land, buildings, and equipment | $198,675 |
| Other assets | $8,555 |
| Total assets | $125,695,872 |
| Accounts payable and accrued expenses | $191,433 |
| Grants payable | $3,026,726 |
| 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 | $3,218,159 |
Grants Awarded
Over the last fiscal year, Bower Foundation has awarded $7,675,188 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR MISSISSIPPI HE PURPOSE: FUNDING GRANT FOR CMHP MISSION | $1,741,417 |
UNIVERSITY OF MS MEDICAL CENTER PURPOSE: BLDG STRONG FUTURE FOR NURSING IN MS | $1,141,233 |
CENTER FOR MISSISSIPPI HE PURPOSE: FUNDING GRANT FOR CMHP MISSION | $750,000 |
DIRECT GRANT EXPENSES - V PURPOSE: EXPENSES RELATED TO DIRECT GRANTS | $593,032 |
UNIVERSITY OF MS MEDICAL CENTER PURPOSE: CENTER FOR ADVANCE YOUTH EXPAN III | $530,010 |
Jackson, MS PURPOSE: TRAINING & GRAD HEALTH CARE WRKFORCE | $325,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bower Foundation Ridgeland, MS | $125,695,872 | $14,332,617 |
Alabama Kidney Foundation Inc Birmingham, AL | $2,672,000 | $2,184,343 |
National Kidney Foundation New Orleans, LA | $1,041,442 | $493,858 |
Kidney Foundation Of The Greater Chattanooga Area Inc Chattanooga, TN | $1,801,369 | $853,421 |
The Siddiqi Charitable Foundation Knoxville, TN | $3,442,933 | $66,228 |
Mississippi Kidney Foundation Inc Jackson, MS | $473,069 | $140,022 |
North Mississippi Kidney Foundation Inc Aberdeen, MS | $34,107 | $0 |