Bacon Family Foundation
- Assets
- $1.8m
- Revenue
- $357.9k
- Investments
- $1.8m
- Employees
- 0
- Location
- Grand Junction, CO
- Founding
- 08/1994
- Data as of
- 06/2022
- EIN
- 84-1269589
Organization Overview
Bacon Family Foundation is located in Grand Junction, CO. The organization was established in 1994. 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. Bacon 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 06/2022, Bacon Family Foundation generated $357.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bacon Family Foundation has awarded 249 individual grants totaling $13,127,899. 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 |
|---|---|---|---|
Linda Bacon Reid Secretary/treasurer | 20 | $15,000 | |
Stephen Bacon President | 2 | $0 | |
Andrew Bacon Vice President | 2 | $0 | |
Amy Bacon Hill Director | 2 | $0 | |
Herbert Bacon Director | 2 | $0 | |
Laura May Bacon Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,384 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $302,543 |
| Capital Gain Net Income | $302,543 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $357,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $499 |
| Total operating and administrative expenses | $44,523 |
| Contributions, gifts, grants paid | $1,005,807 |
| Total expenses and disbursements | $1,050,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,247 |
| 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 | $0 |
| Total assets | $1,839,784 |
| 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, Bacon Family Foundation has awarded $2,710,807 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
WEST SPRINGS HOSPITAL PURPOSE: $2,000,000 CHALLENGE CAPITAL CAMPAIGN BEGINNING JULY, 2019. | $400,000 |
Grand Junction, CO PURPOSE: CONSTRUCTION OF A HOUSING COMPLEX FOR WOMEN WHO ARE HOMELESS . | $400,000 |
MINDSPRINGS FOUNDATION PURPOSE: CONSTRUCTION OF THE WOMENS RECOVERY CENTER IN CLIFTON, CO. | $200,000 |
WEST SPRINGS HOSPITAL PURPOSE: FUNDS FOR THE $2,000,000 CHALLENGE CAPITAL CAMPAIGN FOR THE WEST SPRINGS HOSPITAL. | $200,000 |
STRIVE PURPOSE: TO ENHANCE AND EXPAND 2 PROGRAMS -SM. GROUP EMPLOYMENT & SUPPORTED COMMUNITY EMPLOYMENT BEGINNING OCT. 2021. | $160,000 |
COLORADO MESA UNIVERSITY FOUNDATION PURPOSE: FUNDS TO CONSTRUCT PA/PT/OTC ON THE CMU CAMPUS BEGINNING APRIL 2021. | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Kemper & Ethel Marley Foundation Phoenix, AZ | $235,853,723 | $45,107,707 |
Lannan Foundation Santa Fe, NM | $172,893,423 | $11,573,580 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
Mary K Chapman Foundation Tulsa, OK | $0 | $10,262,149 |