Band Foundation
- Assets
- $132.6m
- Revenue
- $15.3m
- Investments
- $127.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-3289963
Organization Overview
Band Foundation is located in Wilmington, DE. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Band 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, Band Foundation generated $15.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $7.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Band Foundation has awarded 214 individual grants totaling $29,001,430. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Burks B Lapham Chair, Dir | 1 | $0 | |
Gardiner O Lapham Dir | 5 | $0 | |
Nicholas P Lapham Treas, Dir, Pres | 30 | $0 | |
Clark Mitchell Dir, Sec | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust | 12/30/23 | $300,960 |
Foundation Source | 12/30/23 | $77,938 |
Lampstand Media Llc | 12/30/23 | $61,926 |
Boldly Go Philanthropy | 12/30/23 | $55,062 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,916,474 |
| Interest on Savings | $201,263 |
| Dividends & Interest | $5,202,499 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,077,502 |
| Capital Gain Net Income | $6,458,476 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,390 |
| Total Revenue | $15,252,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $27,639 |
| Taxes | $191,686 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $291,536 |
| Total operating and administrative expenses | $930,313 |
| Contributions, gifts, grants paid | $6,732,856 |
| Total expenses and disbursements | $7,663,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,814,697 |
| 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 | $6,559,651 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $132,559,220 |
| 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, Band Foundation has awarded $6,732,856 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BIRD CONSERVANCY PURPOSE: BIRDS NOT MOSQUITOES CAMPAIGN | $150,000 |
AMERICAN RIVERS INC PURPOSE: FRESHWATER MUSSEL DECLINE | $150,000 |
AMERICANS FOR OXFORD INC PURPOSE: GENERAL & UNRESTRICTED | $253,617 |
BAT CONSERVATION INTERNATIONAL INC PURPOSE: AGAVE RESTORATION INITIATIVE | $250,000 |
AUSTIN PEAY STATE UNIVERSITY FOUNDATION PURPOSE: SOUTHEASTERN GRASSLANDS INSTITUTE | $375,000 |
BBHC PURPOSE: BEYOND YELLOWSTONE PROGRAM | $75,000 |