Banfield Family Foundation
- Assets
- $3.2m
- Revenue
- $186.1k
- Investments
- $3.1m
- Employees
- 0
- Location
- Basking Ridge, NJ
- Founding
- 10/2009
- Data as of
- 12/2022
- EIN
- 26-1613768
Organization Overview
Banfield Family Foundation is located in Basking Ridge, NJ. The organization was established in 2009. 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. Banfield 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 12/2022, Banfield Family Foundation generated $186.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $72.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Banfield Family Foundation has awarded 68 individual grants totaling $701,021. 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 |
|---|---|---|---|
Carole J Banfield Director | 1 | $0 | |
Michael J Banfield Director | 1 | $0 | |
Deborah J Banfield Director | 1 | $0 | |
Kyle J Banfield Director | 1 | $0 | |
Kaitlyn R Banfield Director | 1 | $0 | |
Sarah J Rebetje Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $130,697 |
| Interest on Savings | $397 |
| Dividends & Interest | $43,120 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,884 |
| Capital Gain Net Income | $11,884 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $186,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,988 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,070 |
| Total operating and administrative expenses | $19,779 |
| Contributions, gifts, grants paid | $53,000 |
| Total expenses and disbursements | $72,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,550 |
| Savings and temporary cash investments | $0 |
| 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 | $3,099,939 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,168,489 |
| 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, Banfield Family Foundation has awarded $53,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MY HEARTS APPEAL PURPOSE: CHARITABLE DONATION | $8,000 |
PENNSYLVANIA STATE UNIVERSITY DANCE MARATHON PURPOSE: CHARITABLE DONATION | $20,000 |
ST PAUL'S OUTREACH NJ PURPOSE: CHARITABLE DONATION | $10,000 |
ST PETER'S HOSPITAL PURPOSE: CHARITABLE DONATION | $7,000 |
OUR LADY OF THE MOUNTAIN PURPOSE: CHARITABLE DONATION | $8,000 |