Lawrence And Isabel Barnett Charitable Foundation
- Assets
- $19.7m
- Revenue
- $2.3m
- Investments
- $19.3m
- Employees
- 0
- Location
- White Plains, NY
- Founding
- 02/2006
- Data as of
- 08/2022
- EIN
- 20-2761633
Organization Overview
Lawrence And Isabel Barnett Charitable Foundation is located in White Plains, NY. The organization was established in 2006. 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 the central organization for a national or regional group of organizations. Lawrence And Isabel Barnett Charitable 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 08/2022, Lawrence And Isabel Barnett Charitable Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $1.6m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lawrence And Isabel Barnett Charitable Foundation has awarded 139 individual grants totaling $14,746,639. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence R Barnett Jr Director And Secretary | 20 | $90,000 | |
Laurey J Barnett Director And Assistant Sec | 0.5 | $0 | |
James Joseph Barnett Director And Assistant Sec | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fidelity Investments | 8/30/23 | $72,004 |
Citrin Cooperman Advisors Llc | 8/30/23 | $61,388 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $167 |
| Dividends & Interest | $357,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,719,223 |
| Capital Gain Net Income | $1,719,223 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $203,631 |
| Total Revenue | $2,280,040 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,684 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,378 |
| Total operating and administrative expenses | $230,634 |
| Contributions, gifts, grants paid | $1,390,000 |
| Total expenses and disbursements | $1,620,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,663 |
| Savings and temporary cash investments | $332,696 |
| 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 | $6,781,891 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,690,328 |
| 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 | $180,078 |
| Total liabilities | $180,078 |
Grants Awarded
Over the last fiscal year, Lawrence And Isabel Barnett Charitable Foundation has awarded $1,007,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ALS ASSOCIATION PURPOSE: UNRESTRICTED | $100,000 |
DENVER ART MUSEUM PURPOSE: UNRESTRICTED | $25,000 |
PARTNERS ASIA PURPOSE: UNRESTRICTED | $53,500 |
EMILY KRZYZEWSKI CENTER PURPOSE: UNRESTRICTED | $10,000 |
RYE COUNTRY DAY SCOOL PURPOSE: UNRESTRICTED | $3,000 |
STANFORD UNIVERSITY PURPOSE: UNRESTRICTED | $680,000 |