Balbach Family Foundation
- Assets
- $2.2m
- Revenue
- $12.0k
- Investments
- $254.8k
- Employees
- 0
- Location
- Orchard Park, NY
- Founding
- 08/1998
- Data as of
- 06/2023
- EIN
- 16-1542054
Organization Overview
Balbach Family Foundation is located in Orchard Park, NY. The organization was established in 1998. 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. Balbach 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.
For the year ending 06/2023, Balbach Family Foundation generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (35.3%) each year. All expenses for the organization totaled $4.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (66.2%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles E Balbach Trustee | 0.5 | $0 | |
Melissa T Balbach Trustee | 0.5 | $0 | |
Carl T Balbach Trustee | 0.5 | $0 | |
Jennifer Balbach Trustee | 0.5 | $0 | |
John Bace Trustee | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $11,966 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $550 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,737 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,841 |
| Net Accounts receivable | $729 |
| 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 | $139,117 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,942,665 |
| Total assets | $2,231,058 |
| 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, Balbach Family Foundation has awarded $120,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NICHOLS SCHOOL PURPOSE: EDUCATIONAL | $90,000 |
WESTMINSTER PRESBYTERIAN CHURCH PURPOSE: EDUCATIONAL | $30,000 |