George Bacon Endowment Fund
- Assets
- $497.0k
- Revenue
- $34.8k
- Investments
- $406.7k
- Employees
- 0
- Location
- Hattiesburg, MS
- Founding
- 01/1953
- Data as of
- 09/2023
- EIN
- 64-6026820
Organization Overview
George Bacon Endowment Fund is located in Hattiesburg, MS. The organization was established in 1953. 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. George Bacon Endowment Fund 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 09/2023, George Bacon Endowment Fund generated $34.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $20.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT RELIGIOUS ACTIVITIES OF PRESBYTERIAN CHURCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clayton Johnson President | 0 | $0 | |
Elizabeth Sumrall Trustee | 0 | $0 | |
Nan Thames Trustee | 0 | $0 | |
Mike Chancellor Trustee | 0 | $0 | |
Lee Gill Secretary/tr | 0 | $0 | |
Selmer Valentine Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,477 |
| Dividends & Interest | $8,139 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,980 |
| Capital Gain Net Income | $6,225 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $241 |
| Total Revenue | $34,837 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $334 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,200 |
| Total operating and administrative expenses | $6,034 |
| Contributions, gifts, grants paid | $14,881 |
| Total expenses and disbursements | $20,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,250 |
| Savings and temporary cash investments | $0 |
| 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 | $70,013 |
| Total assets | $496,964 |
| 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 |