The Kenneth S Battye Charitable Trust
- Assets
- $36.8m
- Revenue
- $1.9m
- Investments
- $36.0m
- Employees
- 0
- Location
- Lutherville, MD
- Founding
- 12/1991
- Data as of
- 06/2024
- EIN
- 52-1748587
Organization Overview
The Kenneth S Battye Charitable Trust is located in Lutherville, MD. The organization was established in 1991. 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. Kenneth S Battye Charitable Trust 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 06/2024, Kenneth S Battye Charitable Trust generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Kenneth S Battye Charitable Trust has awarded 298 individual grants totaling $15,173,526. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audrey B Drossner Trustee | 20 | $108,000 | |
Charlotte Floyd Trustee | 20 | $82,000 | |
Raymond A Mason Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rochdale Investment Management | 6/29/24 | $108,101 |
Morgan Stanley Smith Barney | 6/29/24 | $113,882 |
Oracle Capital Strategies Llc | 6/29/24 | $49,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,148,489 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $673,986 |
| Capital Gain Net Income | $673,986 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61,923 |
| Total Revenue | $1,884,398 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $190,000 |
| Other employee salaries and wages | $20,000 |
| Pension plans, employee benefits | $36,944 |
| Interest | $10,743 |
| Taxes | $27,915 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $141,378 |
| Total operating and administrative expenses | $767,049 |
| Contributions, gifts, grants paid | $2,454,920 |
| Total expenses and disbursements | $3,221,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $723,246 |
| 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 | $7,823,936 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $36,764,835 |
| 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 | $2,797 |
| Total liabilities | $2,797 |
Grants Awarded
Over the last fiscal year, The Kenneth S Battye Charitable Trust has awarded $2,454,920 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
MARYLAND PHILANTHROPY PURPOSE: TO FURTHER THE EXEMPT PURPOSE | $7,310 |
BALTIMORE COMMUNITY FOUNDATION- KEY BRIDGE PURPOSE: TO FURTHER THE EXEMPT PURPOSE | $20,000 |
BALTIMORE WOMEN'S GIVING CIRCLE PURPOSE: TO FURTHER THE EXEMPT PURPOSE | $2,400 |
CAROLINE CENTER PURPOSE: TO FURTHER THE EXEMPT PURPOSE | $72,000 |
CHRISTOPHER PLACE EMPLOYMENT ACADEMY PURPOSE: TO FURTHER THE EXEMPT PURPOSE | $44,608 |
CRISTO REY JESUIT HIGH SCHOOL PURPOSE: TO FURTHER THE EXEMPT PURPOSE | $60,000 |