Biddle Memorial Foundation Inc
- Assets
- $1.5m
- Revenue
- $48.9k
- Investments
- $1.5m
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 09/2001
- Data as of
- 12/2022
- EIN
- 35-2125436
Organization Overview
Biddle Memorial Foundation Inc is located in Carmel, IN. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biddle Memorial 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 12/2022, Biddle Memorial Foundation Inc generated $48.9k 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 (7.0%) each year. All expenses for the organization totaled $96.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Biddle Memorial Foundation Inc has awarded 245 individual grants totaling $629,204. 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 |
|---|---|---|---|
Brian Myers President | 1 | $2,400 | |
Roger Myers Vice Pres. | 1 | $1,200 | |
Darlene Myers Secretary | 1 | $1,200 | |
Greg Duncan Treasurer | 1 | $1,200 | |
Holly Snell Director | 1 | $1,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,909 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,285 |
| Capital Gain Net Income | $6,285 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $733 |
| Total Revenue | $48,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,145 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,282 |
| Printing and publications | $0 |
| Other expenses | $592 |
| Total operating and administrative expenses | $30,626 |
| Contributions, gifts, grants paid | $65,610 |
| Total expenses and disbursements | $96,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,612 |
| Savings and temporary cash investments | $30,806 |
| 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 | $645,756 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,510,392 |
| 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, Biddle Memorial Foundation Inc has awarded $65,610 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
MAKE A WISH FOUNDATION PURPOSE: ORGANIZATIONAL SUPPORT | $7,171 |
INDIANA SPORTS CORP PURPOSE: DONATION | $799 |
CONNER PRAIRE PURPOSE: DONATION AND EVENT SPONSOR | $1,100 |
A KID AGAIN CHARITY PURPOSE: SPONSORSHIP | $2,122 |
CARMEL YOUTH ASSOCIATION PROGRAM PURPOSE: ORGAINIZATIONAL SUPPORT | $740 |
PREVAIL INC OF HAMILTON COUNTY PURPOSE: ORGANIZATIONAL SUPPORT | $14,293 |