Bachmann Strauss Family Fund Inc
- Assets
- $10.0m
- Revenue
- $643.3k
- Investments
- $9.1m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 11/1949
- Data as of
- 12/2022
- EIN
- 13-6043497
Organization Overview
Bachmann Strauss Family Fund Inc is located in Albany, NY. The organization was established in 1949. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bachmann Strauss Family Fund Inc 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 12/2022, Bachmann Strauss Family Fund Inc generated $643.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $803.8k during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 8 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 2014, Bachmann Strauss Family Fund Inc has awarded 834 individual grants totaling $4,086,527. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
PLEASE NOTE THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT
UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas W Strauss VP & Treas-As Needed | 0 | $0 | |
Barbara B Strauss President-As Needed | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,459 |
| Dividends & Interest | $118,755 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $491,640 |
| Capital Gain Net Income | $491,640 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,425 |
| Total Revenue | $643,279 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $622 |
| Taxes | $6,333 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,454 |
| Total operating and administrative expenses | $108,052 |
| Contributions, gifts, grants paid | $695,720 |
| Total expenses and disbursements | $803,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $941,950 |
| 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 | $4,761,987 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,276 |
| Total assets | $10,001,216 |
| 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, Bachmann Strauss Family Fund Inc has awarded $695,720 in support to 109 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S DRUG DISCOVERY FOUNDATION PURPOSE: GENERAL CHARITABLE | $2,000 |
BOSTON WORKERS CIRCLE PURPOSE: GENERAL CHARITABLE | $6,000 |
AMERICAN FRIENDS OF THE ISRAEL PHILHARMONIC ORCHES PURPOSE: GENERAL CHARITABLE | $2,500 |
BORDER KINDNESS PURPOSE: GENERAL CHARITABLE | $500 |
CARAMOOR CENTER FOR THE MUSIC & ARTS PURPOSE: GENERAL CHARITABLE | $3,000 |
BOYS & GIRLS CLUBS OF METRO DENVER PURPOSE: GENERAL CHARITABLE | $500 |