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Ed & Gladys Bailey Charitable Foundation

J Edward Bailey Jr Ttee

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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$75.7k (2023)

Expenses
$92k (2023)

Total Assets
$2.05M (2023)

Total Liabilities
$0 (2023)

Years with missing data
Source: Form 990 tax filings from 2018 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
$75,702
Expenses
$91,972
Net Income
-$16,270
Net Assets
$2,047,358
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $33,399
44.1%
Sales of Assets $42,303
55.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $73,000
79.4%
Compensation of Officers* $10,000
10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,047,358
Total Liabilities $0
Net Assets $2,047,358
Compensation
Key Employees and Officers Compensation Other
Avery Lynn Bailey (Trustee) $5,000 $0
Donald F Tonge Cpa (Trustee) $5,000 $0
Kenneth Miles Bailey Jr (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$29,892
Expenses
$80,000
Net Income
-$50,108
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $29,892
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $60,000
75.0%
Compensation of Officers* $15,000
18.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Compensation
Key Employees and Officers Compensation Other
Avery Lynn Bailey (Trustee) $5,000 $0
Kenneth Miles Bailey Jr (Trustee) $5,000 $0
Donald F Tonge Cpa (Trustee) $5,000 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$29,502
Expenses
$126,783
Net Income
-$97,281
Net Assets
$2,170,615
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $29,502
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $110,000
86.8%
Compensation of Officers* $15,000
11.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,170,615
Total Liabilities $0
Net Assets $2,170,615
Compensation
Key Employees and Officers Compensation Other
J Edward Bailey (Chairman) $5,000 $0
Kenneth Bailey (Treasurer) $5,000 $0
Donald F Tonge (Trustee) $5,000 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$102,402
Expenses
$102,029
Net Income
$373
Net Assets
$1,621,295
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $98,993
96.7%
Sales of Assets $3,409
3.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $87,000
85.3%
Compensation of Officers* $15,000
14.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,621,296
Total Liabilities $1
Net Assets $1,621,295
Compensation
Key Employees and Officers Compensation Other
Donald F Tonge (Vice Pres) $5,000 $0
Kenneth Bailey (President) $5,000 $0
J Edward Bailey (Director) $5,000 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,936,891
Expenses
$50,012
Net Income
$1,886,879
Net Assets
$1,578,988
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,912,374
98.7%
Interest Revenue $0
Dividends $24,517
1.3%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,000
50.0%
Compensation of Officers* $15,000
30.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,578,988
Total Liabilities $0
Net Assets $1,578,988
Compensation
Key Employees and Officers Compensation Other
J Edward Bailey (Chairman) $5,000 $0
Kenneth Bailey (Treasurer) $5,000 $0
Donald F Tonge (Trustee) $5,000 $0

Document Links

About This Data

What Is 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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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