Bradley Henry Barnes & Leila Barnes Memorial Tr
- Assets
- $24.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Bristol, CT
- Founding
- 10/2018
- Data as of
- 12/2021
- EIN
- 06-6160463
Organization Overview
Bradley Henry Barnes & Leila Barnes Memorial Tr is located in Bristol, CT. The organization was established in 2018. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Bradley Henry Barnes & Leila Barnes Memorial Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bradley Henry Barnes & Leila Barnes Memorial Tr generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bradley Henry Barnes & Leila Barnes Memorial Tr has awarded 81 individual grants totaling $4,566,392. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CHARITABLE ACTIVITIES OF THE MAIN STREET COMMUNITY FOUNDATION BY IMPROVING THE HEALTH, MEDICAL CARE AND WELLNESS OF THE SOUTHINGTON, CT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS MADE IN RESPONSE TO GENERAL HEALTH
GRANTS MADE IN RESPONSE TO MENTAL HEALTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marguerite P Fletcher Chair Of The Board | OfficerTrustee | 1 | $0 |
Scott Fournier Vice Chair | OfficerTrustee | 1 | $0 |
David J Aldieri Secretary | OfficerTrustee | 1 | $0 |
Kristine J Dargenio Assistant Secretary | OfficerTrustee | 1 | $0 |
Daniel J Daigle Treasurer | OfficerTrustee | 1 | $0 |
John D Scarritt Past Chair Of The Board | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $584,816 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,424,303 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,009,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $857,213 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $502 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,154 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $922 |
| All other expenses | $0 |
| Total functional expenses | $1,191,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $182,118 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,796,917 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,979,035 |
| Accounts payable and accrued expenses | $49,705 |
| Grants payable | $100,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $149,705 |
| Net assets without donor restrictions | $23,829,330 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,979,035 |
Grants Awarded
Over the last fiscal year, Bradley Henry Barnes & Leila Barnes Memorial Tr has awarded $847,413 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Southington, CT PURPOSE: UNRESTRICTED OPERATING SUPPORT COVID-19, STOP THE BLEED KITS | $231,434 |
Southington, CT PURPOSE: MEAL PROGRAMS/UNRESTRICTED OPERATING SUPPORT COVID-19 | $145,080 |
New Britain, CT PURPOSE: UNRESTRICTED OPERATING SUPPORT, EMERGENCY SHELTER SERVICES AND DOMESTIC VIOLENCE INTERVENTION AND PREVENTION | $95,000 |
Southington, CT PURPOSE: SENIOR TRANSPORTATION SERVICES | $71,241 |
THE HOSPITAL OF CENTRAL CONNECTICUT PURPOSE: CAPITAL EQUIPMENT FOR THE MEDICAL ONCOLOGY AND INFUSION CENTER | $60,000 |
Plantsville, CT PURPOSE: SUPPORT FOR EMPOWERING PARTNERSHIP AND RESILIENT LIVING PROGRAMS | $55,000 |
Endowment Analysis
| Beg. Balance | $22,003,742 |
| Earnings | $2,734,565 |
| Other Expense | $2,059 |
| Grants | $857,213 |
| Ending Balance | $23,879,035 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |
Lyford Cay Foundation Inc Greenwich, CT | $29,953,842 | $2,393,799 |
Wings For Things Foundation Inc Sandy Hook, CT | $31,046,537 | $6,302,092 |