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Darnall W Boyd Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$8.5M (2023)

Expenses
$7.58M (2023)

Total Assets
$143M (2023)

Total Liabilities
$235 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,499,212
Expenses
$7,584,725
Net Income
$914,487
Net Assets
$142,841,279
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $266,059
3.1%
Dividends $988,269
11.6%
Sales of Assets $1,172,751
13.8%
Other Income $6,072,133
71.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,429,385
84.8%
Compensation of Officers* $495,105
6.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $142,841,514
Total Liabilities $235
Net Assets $142,841,279
Compensation
Key Employees and Officers Compensation Other
George S Bailey (President) $150,000 $0
Joseph P Wilczewski (Treasurer) $129,000 $0
Taylor Boyd (Director) $58,000 $0
Walter Taylor (Director) $48,500 $0
Johnson Small (Director) $48,500 $0
Mary Bond Bailey (Director) $45,105 $0
Susan F Boyd (Director) $8,000 $0
Ford B Bailey (Secretary) $8,000 $0
Darnall Bailey (Director) $0 $0
Mark Garside (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,100,577
Expenses
$8,017,181
Net Income
$83,396
Net Assets
$128,442,585
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $219,344
2.7%
Dividends $747,837
9.2%
Sales of Assets $1,418,702
17.5%
Other Income $5,714,694
70.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,685,232
83.4%
Compensation of Officers* $474,250
5.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $128,442,585
Total Liabilities $0
Net Assets $128,442,585
Compensation
Key Employees and Officers Compensation Other
George S Bailey (President) $150,000 $0
Joseph P Wilczewski (Treasurer) $129,000 $0
Taylor Boyd (Director) $58,000 $0
Walter Taylor (Director) $48,500 $0
Johnson Small (Director) $48,500 $0
Darnall Bailey (Director) $12,125 $0
Mary Bond Bailey (Director) $12,125 $0
Susan F Boyd (Vice President) $8,000 $0
Ford B Bailey (Director) $8,000 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$13,878,834
Expenses
$7,898,826
Net Income
$5,980,008
Net Assets
$140,036,737
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $272,480
2.0%
Dividends $785,425
5.7%
Sales of Assets $7,729,000
55.7%
Other Income $5,091,929
36.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,638,327
84.0%
Compensation of Officers* $546,950
6.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $140,036,737
Total Liabilities $0
Net Assets $140,036,737
Compensation
Key Employees and Officers Compensation Other
George S Bailey (President) $170,200 $0
Joseph P Wilczewski (Treasurer) $129,000 $0
Taylor Boyd (Director) $58,000 $0
Walter Taylor (Director) $48,500 $0
Johnson Small (Director) $48,500 $0
Darnall Bailey (Director) $48,500 $0
Mary Bond Bailey (Director) $28,250 $0
Susan F Boyd (Vice President) $8,000 $0
Ford B Bailey (Director) $8,000 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,239,520
Expenses
$7,232,927
Net Income
-$993,407
Net Assets
$140,216,109
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $388,355
6.2%
Dividends $841,480
13.5%
Sales of Assets $1,517,198
24.3%
Other Income $3,492,487
56.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,130,411
84.8%
Compensation of Officers* $492,950
6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $140,216,436
Total Liabilities $327
Net Assets $140,216,109
Compensation
Key Employees and Officers Compensation Other
George S Bailey (President) $190,400 $0
Joseph P Wilczewski (Treasurer) $88,050 $0
Taylor Boyd (Director) $56,100 $0
Walter Taylor (Director) $47,100 $0
Johnson Small (Director) $47,100 $0
Darnall Bailey (Director) $47,100 $0
Susan F Boyd (Vice President) $7,600 $0
Ford B Bailey (Director) $7,600 $0
Mary Bond Bailey (Director) $1,900 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,327,359
Expenses
$6,933,945
Net Income
$393,414
Net Assets
$130,036,321
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $462,677
6.3%
Dividends $811,657
11.1%
Sales of Assets $2,151,248
29.4%
Other Income $3,901,777
53.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,298,306
76.4%
Compensation of Officers* $422,150
6.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $130,036,322
Total Liabilities $1
Net Assets $130,036,321
Compensation
Key Employees and Officers Compensation Other
George S Bailey (President) $190,400 $0
Joseph P Wilczewski (Treasurer) $73,250 $0
Taylor Boyd (Director) $53,700 $0
Walter Taylor (Director) $45,200 $0
Darnall Bailey (Director) $45,200 $0
Susan F Boyd (Vice President) $7,200 $0
Ford B Bailey (Director) $7,200 $0
Johnson Small (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$19,581,231
Expenses
$6,589,251
Net Income
$12,991,980
Net Assets
$121,026,779
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $477,645
2.4%
Dividends $849,173
4.3%
Sales of Assets $3,268,475
16.7%
Other Income $14,985,938
76.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,600,683
85.0%
Compensation of Officers* $281,650
4.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $121,042,689
Total Liabilities $15,910
Net Assets $121,026,779
Compensation
Key Employees and Officers Compensation Other
George S Bailey (President) $89,900 $0
Joseph P Wilczewski (Treasurer) $71,250 $0
Taylor Boyd (Director) $39,900 $0
Walter Taylor (Director) $33,900 $0
Darnall Bailey (Director) $33,900 $0
Susan F Boyd (Vice President) $6,400 $0
Ford B Bailey (Director) $6,400 $0
Johnson Small (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,811,839
Expenses
$4,895,351
Net Income
$3,916,488
Net Assets
$112,811,075
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $436,370
5.0%
Dividends $632,290
7.2%
Sales of Assets $3,003,171
34.1%
Other Income $4,740,008
53.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,395,420
69.4%
Compensation of Officers* $231,000
4.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $112,811,075
Total Liabilities $0
Net Assets $112,811,075
Compensation
Key Employees and Officers Compensation Other
George S Bailey (President) $84,500 $0
Joseph P Wilczewski (Treasurer) $67,500 $0
Taylor Boyd (Director) $36,500 $0
Walter Taylor (Director) $30,500 $0
Susan F Boyd (Vice President) $6,000 $0
Ford B Bailey (Director) $6,000 $0
Johnson Small (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,885,202
Expenses
$1,646,536
Net Income
$238,666
Net Assets
$93,819,417
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $174,084
9.2%
Dividends $449,719
23.9%
Sales of Assets -$1,321,060
Other Income $2,582,459
> 100%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $931,944
56.6%
Compensation of Officers* $200,250
12.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $93,819,417
Total Liabilities $0
Net Assets $93,819,417
Compensation
Key Employees and Officers Compensation Other
George S Bailey (President) $76,300 $0
Joseph P Wilczewski (Treasurer) $56,750 $0
Johnson Small (Director) $31,300 $0
Walter Taylor (Director) $26,300 $0
Susan F Boyd (Vice President) $4,800 $0
Ford B Bailey (Director) $4,800 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$906,003
Expenses
$442,031
Net Income
$463,972
Net Assets
$31,170,023
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $25,899
2.9%
Dividends $639,760
70.6%
Sales of Assets $0
Other Income $837,639
92.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $372,500
84.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $31,170,023
Total Liabilities $0
Net Assets $31,170,023

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,380,571
Expenses
$352,381
Net Income
$2,028,190
Net Assets
$9,503,125
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,431,040
60.1%
Interest Revenue $1,424
0.1%
Dividends $289,704
12.2%
Sales of Assets $437,692
18.4%
Other Income $220,711
9.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $293,500
83.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,503,125
Total Liabilities $0
Net Assets $9,503,125

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,041,668
Expenses
$265,105
Net Income
$1,776,563
Net Assets
$7,571,639
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $902,835
44.2%
Interest Revenue $551
0.0%
Dividends $302,744
14.8%
Sales of Assets $417,677
20.5%
Other Income $417,861
20.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $255,000
96.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,571,639
Total Liabilities $0
Net Assets $7,571,639

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,602,813
Expenses
$126,094
Net Income
$1,476,719
Net Assets
$5,439,933
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,609,500
> 100%
Interest Revenue $512
0.0%
Dividends $237,038
14.8%
Sales of Assets $37,205
2.3%
Other Income -$281,442
Notable Expenses Percent of Total Expenses
Charitable Disbursements $124,000
98.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,439,933
Total Liabilities $0
Net Assets $5,439,933

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,617,595
Expenses
$48,708
Net Income
$1,568,887
Net Assets
$3,561,504
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,585,383
98.0%
Interest Revenue $150
0.0%
Dividends $27,890
1.7%
Sales of Assets $0
Other Income $4,172
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $20,000
41.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,561,504
Total Liabilities $0
Net Assets $3,561,504

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Types of Nonprofits

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