Bavis Foundation Inc
- Assets
- $47.2k
- Revenue
- $8.7k
- Investments
- $39.1k
- Employees
- 0
- Location
- Ashburn, VA
- Founding
- Data as of
- 12/2022
- EIN
- 85-0836563
Organization Overview
Bavis Foundation Inc is located in Ashburn, VA. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Bavis Foundation Inc 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, Bavis Foundation Inc generated $8.7k 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 (35.4%) each year. All expenses for the organization totaled $4.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
THE ORGANIZATION PROVIDED CHARITABLE GIVING TO OTHER QUALIFYING 501(C)(3) ORGANIZATIONS.
THE ORGANIZATION PROVIDED NEW AND USED BOOKS AND MATERIALS TO TEACHERS, CHILDREN, AND ADULT READERS TO PROMOTE COMMUNITY LITERACY.
THE ORGANIZATION PROVIDED FUNDS AND BOOKS TO BUILD LIBRARIES IN AFRICAN NATIONS IN NEED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen A Bavis President / Treasurer | 6 | $0 | |
Lauren Weber Secretary | 2 | $0 | |
Robert Bavis Director | 1 | $0 | |
Christopher Bavis Director | 1 | $0 | |
Daniel Bavis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,100 |
| Interest on Savings | $0 |
| Dividends & Interest | $724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $854 |
| Capital Gain Net Income | $854 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,678 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $175 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $617 |
| Total operating and administrative expenses | $1,823 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $4,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,173 |
| Savings and temporary cash investments | $2,781 |
| 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 | $150 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $47,167 |
| 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, Bavis Foundation Inc has awarded $3,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ELS FOR AUTISM PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION. | $1,000 |
GUITARS FOR VETS PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION. | $500 |
NEW LEASH ON LIFE PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION. | $500 |
LAKEWOOD RANCH MEDICAL CENTER FOUND PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION. | $500 |
HART FOR ANIMALS PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION. | $500 |