Nonprofit · EIN 54-1860572
THE WILLIAM O AND CAROLE P BAILEY FAMILY FOUNDATION
Tax-exempt · RICHMOND, VA 23218
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $200,720 | $185,239 | $15,481 | $1,185,112 | $0 | $1,185,112 |
| December 31, 2023 | 990-PF | -$164,023 | $200,576 | -$364,599 | $1,171,464 | $0 | $1,171,464 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $25,371
- Interest
- $824
- Net gain from sales of assets
- $174,525
Expenses
- Grants and similar amounts paid
- $158,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $172,128
- Excise tax on investment income
- $2,608
Balance sheet and other
- Total assets, start of year
- $1,171,464
- Total assets, end of year
- $1,185,112
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,185,112
- Fair market value of assets
- $3,645,142
- Qualifying distributions
- $172,128
- Net investment income
- $200,720
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carole P Bailey French 435 East 52nd Street, New York, NY 10022 | President & Director | 10 | $0 |
| Carolyn L Bailey 900 Lynnfield Street 3, Lynnfield, MA 01940 | Corresponding Secretary | 10 | $0 |
| George E Bailey 2153 Caswell Circle, Marietta, GA 300609262 | Recording Secretary | 10 | $0 |
| Janet Bailey Faude 42 Fulton Place, West Hartford, CT 06107 | Treasurer | 10 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carole P Bailey French 435 East 52nd Street, New York, NY 10022 | President & Director | 10 | $0 |
| Carolyn L Bailey 900 Lynnfield Street 3, Lynnfield, MA 01940 | Corresponding Secretary | 10 | $0 |
| George E Bailey 2153 Caswell Circle, Marietta, GA 300609262 | Recording Secretary | 10 | $0 |
| Janet Bailey Faude 42 Fulton Place, West Hartford, CT 06107 | Treasurer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 397, RICHMOND, VA 23218-0397
- In care of
- % MCGUIREWOODS LLP
- Signed the 990-PF
- Carole Bailey French, President
- Phone
- (434) 977-2538
- Return prepared by
- McGuireWoods LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 54-1860572
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $1,185,112
- Income (IRS master file)
- $603,580
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $200,720 | $185,239 | $1,185,112 | IRS |
| 990-PF | December 2023 | -$164,023 | $200,576 | $1,171,464 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1860572).
Questions about THE WILLIAM O AND CAROLE P BAILEY FAMILY FOUNDATION
- What is the EIN of THE WILLIAM O AND CAROLE P BAILEY FAMILY FOUNDATION?
- The employer identification number (EIN) of THE WILLIAM O AND CAROLE P BAILEY FAMILY FOUNDATION is 54-1860572.
- Is THE WILLIAM O AND CAROLE P BAILEY FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to THE WILLIAM O AND CAROLE P BAILEY FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE WILLIAM O AND CAROLE P BAILEY FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE WILLIAM O AND CAROLE P BAILEY FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE WILLIAM O AND CAROLE P BAILEY FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE WILLIAM O AND CAROLE P BAILEY FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does THE WILLIAM O AND CAROLE P BAILEY FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $200,720, expenses of $185,239 and total assets of $1,185,112 at year end.
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