The George E Babylon Jr And Ruth J Babylon Charitable Foundation Inc
- Assets
- $2.8m
- Revenue
- $100.4k
- Investments
- $2.7m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 03/2003
- Data as of
- 12/2023
- EIN
- 30-0157394
Organization Overview
The George E Babylon Jr And Ruth J Babylon Charitable Foundation Inc is located in Baltimore, MD. The organization was established in 2003. 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. George E Babylon Jr And Ruth J Babylon Charitable 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, George E Babylon Jr And Ruth J Babylon Charitable Foundation Inc generated $100.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $281.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, George E Babylon Jr And Ruth J Babylon Charitable Foundation Inc has awarded 100 individual grants totaling $1,753,600. 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 |
|---|---|---|---|
Charles B Jones Member | 5 | $30,000 | |
Richard E Linder Member | 5 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,534 |
| Dividends & Interest | $87,145 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,675 |
| Capital Gain Net Income | $2,675 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,563 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $171 |
| Printing and publications | $0 |
| Other expenses | $875 |
| Total operating and administrative expenses | $111,159 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $281,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $98,882 |
| 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 | $2,256 |
| Total assets | $2,841,152 |
| Accounts payable and accrued expenses | $143 |
| 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 | $143 |
Grants Awarded
Over the last fiscal year, The George E Babylon Jr And Ruth J Babylon Charitable Foundation Inc has awarded $170,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN TRAUMA SOCIETY INC PURPOSE: MEDICAL AND EDUCATIONAL PROGRAMS | $10,000 |
BALTIMORE CLAYWORKS INC PURPOSE: GENERAL EDUCATION & COMMUNITY ARTS | $40,000 |
CYLBURN ARBORETUM FRIENDS PURPOSE: EDUCATIONAL PROGRAMS | $40,000 |
CAMBRIDGE SCHOOL PURPOSE: MATCHING FUNDRAISING PROGRAM | $30,000 |
THE TIMOTHY FOUNDATION PURPOSE: GENERAL DONATION | $50,000 |