Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 57-6018387

BAILEY FOUNDATION

Tax-exempt · CLINTON, SC 29325

Financials

$556K$471K2023$531K$432K2024
Revenue Expenses · by fiscal year end
Financials of BAILEY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990-PF$530,732$431,635$99,097$5,049,726$0$5,049,726
August 31, 2024990-PF$555,957$471,337$84,620$4,950,629$0$4,950,629
Financial details: 990-PF for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$1,000
Dividends
$193,032
Net gain from sales of assets
$336,700

Expenses

Grants and similar amounts paid
$369,576
Compensation of officers, directors and key employees
$48,907
Disbursements for charitable purposes
$369,576
Excise tax on investment income
$1,814

Balance sheet and other

Total assets, start of year
$4,950,629
Total assets, end of year
$5,049,726
Total liabilities, end of year
$0
Net assets, end of year
$5,049,726
Fair market value of assets
$7,240,398
Qualifying distributions
$369,576
Net investment income
$192,587

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 August 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
TNB FINANCIAL SERVICES
PO BOX 1215, CLINTON, SC 29325
TRUSTEE0$48,907
NORMAN W DIXON
1 BOXWOOD GARDENS, CLINTON, SC 29325
ADVISORY COM0$0
MARTIN S CORNELSON
329 CONNECTICUT AVE, SPARTANBURG, SC 29302
ADVISORY COM0$0
SCOTT M CORNELSON
122 KELLETT PARK DR, GREENVILLE, SC 29607
ADVISORY COM0$0
CORRINE DIXON DUNN
2200 GREENCLIFF DR, ATLANTA, GA 30345
ADVISORY COM0$0
BETTY JAMES MONGOMERY
314 SOUTH PINE STREET BUILDING 100, SPARTANBURG, SC 29302
ADVISORY COM0$0
R FLEMING PATTERSON III
5960 RIVER CHASE CIRCLE NW, ATLANTA, GA 30328
ADVISORY COM0$0
MARY ELLEN SUITT-BARNWELL
1992 CONGAREE RD, EASTOVER, SC 29044
ADVISORY COM0$0
JAMES L SWITZER JR
100 DUNBAR ST SUITE 104, SPARTANBURG, SC 29360
ADVISORY COM0$0
TOCCOA BAILEY SWITZER
3215 CHAMPAIGN STREET, CHARLOTTE, NC 28274
ADVISORY COM0$0
ROBERT S LINK JR
PO BOX 1215, CLINTON, SC 29325
ADMINISTRATO0$0
990-PF for the year ended August 31, 2024: 9 people
NameTitleHours / weekCompensation
TNB FINANCIAL SERVICES
PO BOX 1215, CLINTON, SC 29325
TRUSTEE0$45,340
MRS BAILEY DIXON
1 BOXWOOD GARDENS, CLINTON, SC 29325
ADVISORY COM0$0
WALTER S MONGOMERY JR
314 SOUTH PINE STREET BUILDING 100, SPARTANBURG, SC 29302
ADVISORY COM0$0
ROBERT S LINK JR
PO BOX 1215, CLINTON, SC 29325
ADMINISTRATO0$0
NORMAN W DIXON
835 MYRTLE STREET NE, ATLANTA, GA 30308
ADVISORY COM0$0
JAMES L SWITZER JR
100 DUNBAR ST SUITE 104, SPARTANBURG, SC 29360
ADVISORY COM0$0
MARTIN S CORNELSON
329 CONNECTICUT AVE, SPARTANBURG, SC 29302
ADVISORY COM0$0
R FLEMING PATTERSON III
61 ALDEN AVE NW, ATLANTA, GA 30309
ADVISORY COM0$0
TOCCOA BAILEY SWITZER
3215 CHAMPAIGN STREET, CHARLOTTE, NC 28210
ADVISORY COM0$0

Address and contacts

Address (IRS master file)
PO BOX 1215, CLINTON, SC 29325-1215
In care of
% M S BAILEY & SON BANKERS TTEE
Signed the 990-PF
ROBERT S LINK JR, ADMINISTRATOR
Phone
(864) 766-6027
Return prepared by
SAVANT TAX & CONSULTING

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990-PF on file
2023August 31, 2024January 15, 2025990-PF on file

IRS record

EIN
57-6018387
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
1952
Accounting year ends
August
Files
Form 990-PF
Assets (IRS master file)
$5,049,726
Income (IRS master file)
$2,015,631

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFAugust 2025$530,732$431,635$5,049,726XML
990-PFAugust 2024$555,957$471,337$4,950,629XML
990-PFAugust 2023–––IRS
990-PFAugust 2022–––IRS
990-PFAugust 2021–––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 57-6018387).

Questions about BAILEY FOUNDATION

What is the EIN of BAILEY FOUNDATION?
The employer identification number (EIN) of BAILEY FOUNDATION is 57-6018387.
Is BAILEY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1952.
Are donations to BAILEY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BAILEY FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of BAILEY FOUNDATION due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BAILEY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended August 2025.
Who are the officers and directors of BAILEY FOUNDATION?
The 990-PF for the year ended August 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $48,907 (TNB FINANCIAL SERVICES, TRUSTEE).
How much revenue does BAILEY FOUNDATION have?
On its 990-PF for the year ended August 31, 2025 it reported revenue of $530,732, expenses of $431,635 and total assets of $5,049,726 at year end.

Other nonprofits in CLINTON

All nonprofits in CLINTON · South Carolina