Bowers Foundation
- Assets
- $2.5m
- Revenue
- $112.5k
- Investments
- $979.7k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1989
- Data as of
- 12/2022
- EIN
- 76-0260739
Organization Overview
Bowers Foundation is located in Houston, TX. The organization was established in 1989. 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. Bowers 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, Bowers Foundation generated $112.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $221.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bowers Foundation has awarded 75 individual grants totaling $1,191,150. 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 |
|---|---|---|---|
Carin M Barth President | 0.5 | $0 | |
Hr Bowers Vice President/treasurer | 0.5 | $0 | |
Todd F Barth Vice President/treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,772 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,611 |
| Capital Gain Net Income | $53,611 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $89 |
| Total Revenue | $112,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,975 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,066 |
| Total operating and administrative expenses | $40,017 |
| Contributions, gifts, grants paid | $181,550 |
| Total expenses and disbursements | $221,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3 |
| Savings and temporary cash investments | $1,535,064 |
| 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 | $41,828 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,514,768 |
| 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, Bowers Foundation has awarded $181,550 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
A RONALD MCDONALD HOUSE CAMPAIGN PURPOSE: DONATION | $2,500 |
FIRST BAPTIST CHURCH OF LA GRANGE PURPOSE: DONATION | $75,000 |
HOUSTON METHODIST HOSPITAL FOUNDATION PURPOSE: DONATION | $25,000 |
LOUISE BATZ FOUNDATION PURPOSE: DONATION | $5,000 |
RICE UNIVERSITY PURPOSE: DONATION | $20,900 |
SAMARITAN'S PURSE PURPOSE: DONATION | $5,000 |