Bales Family Foundation
- Assets
- $350.5k
- Revenue
- $75.1k
- Investments
- $272.1k
- Employees
- 0
- Location
- Glen Allen, VA
- Founding
- Data as of
- 12/2022
- EIN
- 83-2521945
Organization Overview
Bales Family Foundation is located in Glen Allen, VA. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bales Family 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, Bales Family Foundation generated $75.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $56.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William B Bales President | 0.5 | $0 | |
Marga L Bales Secretary | 0.5 | $0 | |
William B Bales II Treasurer | 1 | $0 | |
Marna Bales Director | 0.5 | $0 | |
Charles C Bales Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $690 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,084 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,308 |
| Capital Gain Net Income | $65,308 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,456 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,456 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $56,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $78,401 |
| 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 | $259,204 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $350,523 |
| 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, Bales Family Foundation has awarded $35,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COMMONWEALTH PUBLIC BROADCASTING PURPOSE: GENERAL SUPPORT | $5,000 |
SCHOOL OF THE PERFORMING ARTS IN THE RICHMOND COMMUNITY PURPOSE: GENERAL SUPPORT | $10,000 |
WNET PURPOSE: GENERAL SUPPORT | $5,000 |
WHRO PUBLIC MEDIA PURPOSE: GENERAL SUPPORT | $5,000 |
MENTOR VIRGINIA PURPOSE: GENERAL SUPPORT | $10,500 |