Bailey Foundation
- Assets
- $86.4k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Saint Louis, MO
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 83-2830977
Organization Overview
Bailey Foundation is located in Saint Louis, MO. The organization was established in 2019. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Bailey Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bailey 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, Bailey Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BAILEY FOUNDATION CREATES OPPORTUNITIES FOR YOUTH TO BECOME POSITIVE ADULTS WHO IMPACT THE WORLD IN INSPIRING WAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL, FOOD AND NUTRITION SUPPORT, AND LEADERSHIP INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Acon President | OfficerTrustee | 0.5 | $0 |
Stephen Gathing Treasurer | OfficerTrustee | 0.5 | $0 |
Karly Beuford Secretary | OfficerTrustee | 0.5 | $0 |
Gabriel Holiway Vice President | OfficerTrustee | 0.5 | $0 |
Diarra Warford Executive Director | Officer | 40 | $76,820 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $822,663 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,344 |
| Noncash contributions included in lines 1a–1f | $124,334 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $969,007 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,025,885 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,820 |
| Compensation of current officers, directors, key employees. | $21,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,588 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,039 |
| Payroll taxes | $14,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,708 |
| Fees for services: Accounting | $29,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,972 |
| Advertising and promotion | $85,065 |
| Office expenses | $92,530 |
| Information technology | $10,983 |
| Royalties | $0 |
| Occupancy | $126,995 |
| Travel | $2,167 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,051 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,440 |
| Insurance | $4,267 |
| All other expenses | $0 |
| Total functional expenses | $1,410,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,399 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $866 |
| Net Land, buildings, and equipment | $10,160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $86,425 |
| Accounts payable and accrued expenses | $63,877 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $63,877 |
| Net assets without donor restrictions | $22,548 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $86,425 |