John Taylor Babbitt Foundation
- Assets
- $485.8k
- Revenue
- $134.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chatham, NJ
- Founding
- 12/2007
- Data as of
- 12/2021
- EIN
- 41-2216367
Organization Overview
John Taylor Babbitt Foundation is located in Chatham, NJ. The organization was established in 2007. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. John Taylor Babbitt 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 12/2021, John Taylor Babbitt Foundation generated $134.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $98.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, John Taylor Babbitt Foundation has awarded 16 individual grants totaling $253,324. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INCREASE AWARENESS ABOUT THE SEVERITY AND PREVALENCE OF HYPERTRO CARDIOMYOPATHY (HCM) WITHIN THE YOUNG ADULT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT CONTINUED FUNDING FOR GENETIC RESEARCH, RAISE AWARENESS OF HCM IN THE YOUNG ADULT COMMUNITY, AND SUPPORT ORGANIZATIONS AND SCHOOLS THAT INFLUENCED JOHN TAYLOR BABBITT'S LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David C Babbitt President & Trustee | OfficerTrustee | 0 | $0 |
Joanne Taylor Babbitt Vice-President & Secretary | OfficerTrustee | 5 | $0 |
Gerald P Scales Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $53,904 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,522 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,426 |
| Total Program Service Revenue | $0 |
| Investment income | $15,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,252 |
| Net Income from Fundraising Events | $32,047 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,389 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,630 |
| Office expenses | $1,957 |
| Information technology | $3,381 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,742 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102 |
| Insurance | $981 |
| All other expenses | $4,155 |
| Total functional expenses | $98,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,471 |
| Savings and temporary cash investments | $44,690 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $369,604 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $485,765 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $338,767 |
| Retained earnings, endowment, accumulated income, or other funds | $146,998 |
| Total liabilities and net assets/fund balances | $485,765 |
Grants Awarded
Over the last fiscal year, John Taylor Babbitt Foundation has awarded $15,738 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Morristown, NJ PURPOSE: AED GRANT | $10,000 |
Northampton, MA PURPOSE: AED GRANT | $5,738 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that John Taylor Babbitt Foundation has recieved totaling $2,461.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $550 |
Kleinknecht Fam Foundation Huntington, NY PURPOSE: CHARITABLE | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $361 |
Carver Delaney Families Foundation Inc Morristown, NJ PURPOSE: UNRESTRICTED | $250 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |
Newark Alliance Inc Newark, NJ | $3,740,799 | $2,492,723 |