Will And Elena Barnet Foundation Inc
- Assets
- $1.2m
- Revenue
- $66.7k
- Investments
- $572.1k
- Employees
- 0
- Location
- Sebasco Estates, ME
- Founding
- 06/2011
- Data as of
- 09/2022
- EIN
- 45-2280518
Organization Overview
Will And Elena Barnet Foundation Inc is located in Sebasco Estates, ME. The organization was established in 2011. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Will And Elena Barnet 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 09/2022, Will And Elena Barnet Foundation Inc generated $66.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $55.2k during the year ending 09/2022. While expenses have increased by 18.2% per year over the past 6 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, Will And Elena Barnet Foundation Inc has awarded 18 individual grants totaling $181,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PORTLAND MUSUEM OF ART - FOR USE IN EDUCATIONAL LECTURES ON AMERICAN ART
SMITHSONIAN INSTITUTE - MUSEUM OF AMERICAN ART, FOR USE IN EDUCATIONAL LECTURES ON AMERICAN ART
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ona Barnet Presdient | 0 | $0 | |
Bennet H Grutman Treasurer | 0 | $0 | |
Elysse A Porta Vice President | 0 | $0 | |
Will Porta Trustee | 0 | $0 | |
Chris Crosman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $13,804 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,838 |
| Capital Gain Net Income | $52,838 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,651 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $948 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,479 |
| Printing and publications | $0 |
| Other expenses | $17,017 |
| Total operating and administrative expenses | $22,718 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $55,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58,211 |
| 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 | $528,439 |
| Total assets | $1,158,799 |
| Accounts payable and accrued expenses | $8,195 |
| 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 | $8,195 |
Grants Awarded
Over the last fiscal year, Will And Elena Barnet Foundation Inc has awarded $32,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SMITHSONIAN AMERICAN ART MUSEUM PURPOSE: GENERAL OPERATION | $25,000 |
Portland, ME PURPOSE: GENERAL OPERATION | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elaine Connors Wildcare Concord, NH | $2,331,972 | $215,341 |
K2 Fam Foundation Port Clyde, ME | $5,158,295 | $1,319,317 |
Great Hill Horticultural Foundation Inc Hampton, NH | $90,521 | $311,337 |
N C Wyeth Research Foundation And Reading Libraries Inc Cumberland Foreside, ME | $3,118,211 | $374,489 |
Sawyer Kensington Trust Kensington, NH | $169,299 | $82,263 |
Portland Seamens Friend Society Windham, ME | $179,565 | $108,058 |
Wesley S Way Foundation Manchester, NH | $49,045 | $48,630 |
Will And Elena Barnet Foundation Inc Sebasco Estates, ME | $1,158,799 | $66,651 |
The Webs Foundation Portsmouth, NH | $387,011 | $83,669 |
Pleasant River Wildlife Foundation Addison, ME | $2,147,465 | $25,047 |
Annie E Woodman Institute Dover, NH | $0 | $49,818 |
Mcclennan Charitable Tr Portsmouth, NH | $809,165 | $50,119 |