Bsg Family Foundation
- Assets
- $788.3k
- Revenue
- -$11.0k
- Investments
- $748.2k
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 01-0713216
Organization Overview
Bsg Family Foundation is located in Annapolis, MD. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bsg Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Bsg Family Foundation has awarded 233 individual grants totaling $390,028. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A PRIVATE NONOPERATING FOUNDATION AND AS SUCH ITS ONLY ACTIVITY IS TO MAKE GRANTS OF CONTRIBUTIONS TO OTHER 501(C) ORGANIZATIONS, PRINCIPALLY TO PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Glassman Trustee | 5 | $0 | |
Lynn M Hochberg Trustee | 1 | $0 | |
Hara B Salkowitz Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $16,772 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27,762 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$10,976 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,022 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,731 |
| Contributions, gifts, grants paid | $39,900 |
| Total expenses and disbursements | $54,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,408 |
| Savings and temporary cash investments | $17,386 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $748,238 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $314 |
| Total assets | $788,346 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bsg Family Foundation has awarded $39,900 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
THE KEY SCHOOL PURPOSE: CHARITABLE CONTRIBUTION | $2,850 |
WAWA ASSOCIATES IN NEED FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
TEMPLE BETH SHALOM PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
JEWISH RELIEF AGENCY PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
MY BROTHER'S PANTRY PURPOSE: CHARITABLE CONTRIBUTION | $4,100 |
SPECIAL OLYMPICS DELAWARE PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |