Nonprofits/Organizations/87-4068118
Active
501(c)(3)
T20 · Philanthropy, Voluntarism & Grantmaking
Form 990

Becky Bailey Foundation

EIN 87-4068118KANSAS CITY, MO 64105Founded 2021WebsiteIRS Tax Year 2024 · Period ending December 31, 2024
Mission Statement

BECKY BAILEY FOUNDATION'S SOLE PURPOSE IS TO SUPPORT GREATER HORIZONS, THE SUPPORTED ORGANIZATION, IN FURTHERANCE OF THE CHARITY'S MISSION.

IRS Tax Year 2024

Period ending December 31, 2024

Total Revenue

$277K

+163.9%YoY

Total Expenses

$38K

-11.1%YoY

Net Assets

$3.3M

+12.8%YoY

Employees

0

This nonprofit profile presents IRS Form 990 tax filing data for Becky Bailey Foundation (EIN: 87-4068118), based on the 2024 tax year annual return filed with the Internal Revenue Service.

Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.

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RoundPaper IndicatorsTax Year 2024

Financial Health

Revenue grew +163.9% to $277K
1036.7 months of operating reserves — strong cushion
Expenses decreased -11.1% year-over-year

Transparency

Conflict of interest policy adopted
Whistleblower policy in place
Financial statements independently audited
3-member board, 3 independent

Compensation

No Schedule J filed — standard compensation reporting only

Program Effectiveness

1 program reported
No programs generate independent revenue

Financial Stability

Debt-to-asset ratio of 0.1% — low leverage
0.0 months cash runway — tight liquidity
Revenue diversification: well diversified
Net assets trending upward over recent filings

Risk Flags

No insider or excess benefit transactions
No material diversion or misuse reported
Family or business relationships among officers/directors

Indicators derived from IRS Form 990 data. Not financial advice.

Organization Summary

Becky Bailey Foundation is a 501(c)(3) nonprofit headquartered in KANSAS CITY, MO, founded in 2021. It is classified under NTEE code T20 (Private Grantmaking Foundations), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2022. In its 2024 filing, the organization reported $277K in total revenue, a 163.9% increase from the prior year, and $38K in total expenses. 4 of 6 recommended governance policies are in place.

Becky Bailey Foundation is classified under NTEE code T20 (Private Grantmaking Foundations), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 21.

Programs(Tax Year 2024)

1 record

Programs Overview

Becky Bailey Foundation operates 1 program.

1
Program 1Expenses: $0

BECKY BAILEY FOUNDATION'S SOLE PURPOSE IS TO SUPPORT GREATER HORIZONS, THE SUPPORTED ORGANIZATION, IN FURTHERANCE OF THE CHARITY'S MISSION. ALL OF BECKY BAILEY FOUNDATION'S ACTIVITIES AND INCOME WILL BE USED TO SUPPORT THE SUPPORTED ORGANIZATION.

Financial Overview(Tax Years 2021–2024)

4 records

Financial Highlights

Over the past 4 years, Becky Bailey Foundation's revenue has declined from $17.6M to $277K, a 98.4% decrease.

Revenue increased 163.9% year-over-year, while expenses declined 11.1%. net assets rose to $3.3M, up 12.8% from the prior year.

Becky Bailey Foundation derives 2% from contributions and grants, with 56% from investment income.

Revenue is diversified across investment income (56%), contributions and grants (2%).

Revenue grew by 163.9% while expenses declined by only 11.1%, suggesting improving operational efficiency.

Over 4 filings from 2021–2024, Becky Bailey Foundation declined revenue from $17.6M to $277K (-98.4%).

Becky Bailey Foundation holds $3.3M in total assets against $3K in liabilities (debt-to-asset ratio of 0%). The organization has 1000.0 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.

Revenue

YearTotal RevenueContributionsGov't GrantsProgram RevenueInvestment
2024$277K$6K$0$0$156K
2023$105K$3K$0$0$102K
2022$28K$2K$0$0$26K
2021$17.6M$8.9M$0$0$1.2M

Expenses

YearTotal ExpensesProgramManagementFundraisingGrants Paid
2024$38K$0$38K$0$0
2023$43K$0$0$0$0
2022$924K$0$924K$0$0
2021$5.4M$5.3M$18K$0$5.3M

Program Expense Ratio

Admin Expense Ratio

100.0%

Fundraising Efficiency

Operating Reserve

1000.0 mo

People & Compensation(Tax Year 2024)

3 records

Compensation Summary

Becky Bailey Foundation reported compensation for 3 officers and key employees.

NameTitleTypeHours/wkComp from OrgRelated OrgsTotal
KIMBERLY JACKSON BAILEYTRUSTEE
Director
1.00$0$0$0
REBECCA BAILEYTRUSTEE
Director
1.00$0$0$0
GREATER HORIZONS FOUNDATIONTRUSTEE
Trustee
1.00$0$0$0

Governance & Compliance(Tax Year 2024)

Governance Snapshot

Becky Bailey Foundation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 3 members, 3 of whom are independent.

Becky Bailey Foundation's financial statements are audited.

Becky Bailey Foundation has family or business relationships among officers, directors, or key employees.

Policies & Oversight

Conflict of interest policy
Whistleblower policy
Document retention policy
CEO compensation review process
Other officer compensation review
990 provided to governing body
Board members3
Independent members3

Audit & Financial Oversight

Financial statements audited
Independent audit
Audit committee
Federal grant audit required

Filing History(Tax Years 2021–2024)

4 records

Showing the 4 Form 990 filings currently in our system.

Tax YearFormPeriodRevenueExpensesNet Assets
2024
990
2024-01-01 – 2024-12-31$277K$38K$3.3M
2023
990
2023-01-01 – 2023-12-31$105K$43K$2.9M
2022
990
2022-01-01 – 2022-12-31$28K$924K$2.6M
2021
990
2021-11-17 – 2021-12-31$17.6M$5.4M$3.5M

Frequently Asked Questions

What does Becky Bailey Foundation do?

BECKY BAILEY FOUNDATION'S SOLE PURPOSE IS TO SUPPORT GREATER HORIZONS, THE SUPPORTED ORGANIZATION, IN FURTHERANCE OF THE CHARITY'S MISSION.

How much revenue does Becky Bailey Foundation have?

Becky Bailey Foundation reported $277,020 in total revenue for tax year 2024, up 163.9% from the prior year.

Who is the highest-paid executive at Becky Bailey Foundation?

KIMBERLY JACKSON BAILEY, TRUSTEE, received $0 in total compensation as of tax year 2024.

Is Becky Bailey Foundation a 501(c)(3)?

Yes, Becky Bailey Foundation is classified as a 501(c)(3) tax-exempt organization.

Where is Becky Bailey Foundation located?

Becky Bailey Foundation is headquartered in KANSAS CITY, MO 64105.

What type of nonprofit is Becky Bailey Foundation?

Becky Bailey Foundation is classified under NTEE code T20 (Private Grantmaking Foundations), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.

Is Becky Bailey Foundation audited?

Yes, Becky Bailey Foundation's financial statements are audited.

Data Source

Prepared by: Forvis Mazars LLP, Kansas City, MO

IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.

Publicly available IRS data
Verified filing records
Updated quarterly
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Becky Bailey Foundation Foundation — Grants, Assets & 990 Filings