Barrack Foundation
- Assets
- $31.3m
- Revenue
- $3.3m
- Investments
- $31.1m
- Employees
- 0
- Location
- Bryn Mawr, PA
- Founding
- 10/1982
- Data as of
- 11/2023
- EIN
- 23-2084461
Organization Overview
Barrack Foundation is located in Bryn Mawr, PA. The organization was established in 1982. 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. Barrack 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 11/2023, Barrack Foundation generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $3.5m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Barrack Foundation has awarded 266 individual grants totaling $15,420,735. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,955 |
| Dividends & Interest | $1,591,797 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,733,151 |
| Capital Gain Net Income | $1,733,151 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,334,903 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,905 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,905 |
| Contributions, gifts, grants paid | $3,456,115 |
| Total expenses and disbursements | $3,478,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,240 |
| Savings and temporary cash investments | $160,090 |
| 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 | $31,276,342 |
| 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, Barrack Foundation has awarded $3,456,115 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ABRAMSON CANCER CENTER OF THE PURPOSE: UNRESTRICTED | $100,000 |
AMER FRIENDS OF HEBREW UNIV PURPOSE: UNRESTRICTED | $5,000 |
AMERICAN ISRAEL EDUCATION FD PURPOSE: UNRESTRICTED | $50,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: UNRESTRICTED | $10,000 |
AMERICAN LUNG ASSOCIATION PURPOSE: UNRESTRICTED | $100 |
HAR ZION TEMPLE PURPOSE: UNRESTRICTED | $15,889 |