Bacchetta Foundation
- Assets
- $20.4m
- Revenue
- $1.4m
- Investments
- $17.6m
- Employees
- 0
- Location
- National Park, NJ
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 45-2554800
Organization Overview
Bacchetta Foundation is located in National Park, NJ. The organization was established in 2012. 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. Bacchetta 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 12/2023, Bacchetta Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bacchetta Foundation has awarded 67 individual grants totaling $27,910,975. 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 |
|---|---|---|---|
Andrew Milstein President | 0 | $0 | |
Carol Milstein Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $601,741 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $827,043 |
| Capital Gain Net Income | $827,043 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,324 |
| Total Revenue | $1,426,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,679 |
| Total operating and administrative expenses | $64,809 |
| Contributions, gifts, grants paid | $2,562,678 |
| Total expenses and disbursements | $2,627,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $146,936 |
| 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 | $3,872,183 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,658,223 |
| Total assets | $20,371,902 |
| 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, Bacchetta Foundation has awarded $2,562,678 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FAMILY AND CHILDREN'S SERVICES PURPOSE: SOCIAL SERVICES | $112,250 |
ABRAMS HEBREW ACADEMY PURPOSE: SCHOLARSHIPS | $68,000 |
CROHNS & COLITIS FOUNDATION PURPOSE: ULCERATIVE COLITIS GENETICS INIATIVE | $833,000 |
JEWISH COMMUNAL FUND PURPOSE: PHILANTHROPIC ACCOUNT FUNDING | $0 |
THE MOUNT SINAI MEDICAL CENTER PURPOSE: MEDICAL RESEARCH | $251,594 |
INTERNATIONAL OCD FOUNDATION PURPOSE: RESEARCH GRANT | $1,272,834 |