Bay Branch Foundation
- Assets
- $633.4k
- Revenue
- $472.8k
- Investments
- $30.3k
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 07/1964
- Data as of
- 12/2023
- EIN
- 22-6054888
Organization Overview
Bay Branch Foundation is located in Boca Raton, FL. The organization was established in 1964. 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. Bay Branch 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 12/2023, Bay Branch Foundation generated $472.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $856.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bay Branch Foundation has awarded 171 individual grants totaling $17,426,220. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BAY BRANCH FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. THE PRIMARY ACTIVITY IS MAKING DONATIONS TO PRE-SELECTED CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana J Wold Director | 2 | $0 | |
Keith C Wold Jr Director | 2 | $0 | |
Elaine J Wold Director | 2 | $0 | |
Donald E Baker Trustee | 3 | $0 | |
Diana J Wold Trustee | 3 | $0 | |
Andrea P Westergom Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,708 |
| Dividends & Interest | $471,052 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6 |
| Capital Gain Net Income | $6 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $472,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,049 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $391 |
| Total operating and administrative expenses | $29,340 |
| Contributions, gifts, grants paid | $826,771 |
| Total expenses and disbursements | $856,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $603,151 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $633,416 |
| 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, Bay Branch Foundation has awarded $826,771 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
PEACEFUL MIND PEACEFUL LIFE INC PURPOSE: TO FINANCE GENERAL OPERATIONS FUND | $400,000 |
ST PAUL LUTHERAN CHURCH PURPOSE: TO FINANCE OPERATIONS OF CHURCH AND SCHOOL. | $120,000 |
LYNN UNIVERSITY PURPOSE: TO FINANCE OPERATIONS OF DONEE ORGANIZATION AND FUNDRAISING EVENTS | $77,721 |
THE WICK THEATER AND COSTUME MUSEUM PURPOSE: TO FINANCE GENERAL OPERATING FUND | $40,000 |
HOPEWELL VALLEY ARTS COUNCIL PURPOSE: TO FINANCE OPERATIONS OF DONEE ORGANIZATION | $40,000 |
CONGREGATION AYSHEL AVRAHAM DBA ISRAEL HERITAGE FOUNDATION PURPOSE: TO FINANCE OPERATIONS OF DONEE ORGANIZATION | $40,000 |