Baranay Family Foundation Inc
- Assets
- $11.5m
- Revenue
- $2.5m
- Investments
- $11.5m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 27-1363578
Organization Overview
Baranay Family Foundation Inc is located in Indianapolis, IN. The organization was established in 2010. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Baranay Family Foundation Inc 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, Baranay Family Foundation Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $692.9k during the year ending 12/2023. While expenses have increased by 9.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Baranay Family Foundation Inc has awarded 408 individual grants totaling $4,636,658. 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
CHARITABLE CONTRIBUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter F Baranay President | 0 | $0 | |
Nancy Ann Natali Baranay Secretary/treasurer | 0 | $0 | |
Allison M Duffy Vice-President | 0 | $0 | |
Melissa Baranay Vice-President | 0 | $0 | |
Paul Baranay Vice-President | 0 | $0 | |
Michelle Baranay Vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,546,214 |
| Interest on Savings | $2,148 |
| Dividends & Interest | $222,637 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $767,826 |
| Capital Gain Net Income | $767,826 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,538,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,367 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,219 |
| Total operating and administrative expenses | $94,186 |
| Contributions, gifts, grants paid | $598,750 |
| Total expenses and disbursements | $692,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $11,498,504 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,029 |
| Total assets | $11,510,533 |
| 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, Baranay Family Foundation Inc has awarded $598,750 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
GIRLS WHO CODE PURPOSE: INSPIRE, EDUCATE AND EQUIP GIRLS WITH COMPUTING SKILLS TO PURSUE 21ST CENTURY OPPORTUNITIES | $2,500 |
GREATER CHICAGO FOOD DEPOSITORY PURPOSE: TO SUPPORT HUNGER RELIEF EFFORTS IN COOK COUNTY. | $1,000 |
GUGGENHEIM MUSEUM PURPOSE: PROVIDE EDUCATIONAL INITIATIVES AND INNOVATIVE ART COLLECTIONS | $2,500 |
HOPE FOR THE DAY PURPOSE: TO HELP SUPPORT OPERATIONS AND MENTAL HEALTH EDUCATION | $1,500 |
JEFFREY MODELL FOUNDATION PURPOSE: PROVIDE COMPREHENSIVE PROGRAMS FOR MILLIONS WHO STRUGGLE WITH PI | $2,500 |
IMMUNE DEFICIENCY FOUNDATION PURPOSE: IMPROVE TREATMENT AND QUALITY OF LIFE OF PERSONS WITH PI | $2,500 |