The Hernan & Orfi Barros Foundation
- Assets
- $6.9m
- Revenue
- $557.6k
- Investments
- $6.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2015
- Data as of
- 12/2022
- EIN
- 47-3392205
Organization Overview
The Hernan & Orfi Barros 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. Hernan & Orfi Barros 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 12/2022, Hernan & Orfi Barros Foundation generated $557.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $650.8k during the year ending 12/2022. While expenses have increased by 0.4% per year over the past 4 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 2019, Hernan & Orfi Barros Foundation has awarded 205 individual grants totaling $2,128,625. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $415 |
| Dividends & Interest | $194,895 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $330,856 |
| Capital Gain Net Income | $330,856 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,445 |
| Total Revenue | $557,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $40,773 |
| Pension plans, employee benefits | $4,356 |
| Interest | $0 |
| Taxes | $13,600 |
| Depreciation | $0 |
| Occupancy | $23,469 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,409 |
| Total operating and administrative expenses | $182,735 |
| Contributions, gifts, grants paid | $468,050 |
| Total expenses and disbursements | $650,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $162,042 |
| 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 | $0 |
| Total assets | $6,871,645 |
| 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, The Hernan & Orfi Barros Foundation has awarded $468,050 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTIST DEVELOPMENT AND RELIEF AGENCY INTERNATIO PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
ALL SAINTS CHURCH PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
BRAILLE INSTITUTE OF AMERICA INC PURPOSE: GENERAL & UNRESTRICTED | $50 |
CATHOLIC DAUGHTERS OF THE AMERICAS PURPOSE: THE BACKPACKS OF LOVE 2022 PROJECT | $100 |
CATHOLIC MEDICAL MISSION BOARD INC PURPOSE: GENERAL & UNRESTRICTED | $50 |
CHRISTIAN APPALACHIAN PROJECT INC PURPOSE: GENERAL & UNRESTRICTED | $150 |