Michael J And Patricia K Batza Foundation Inc
- Assets
- $5.4m
- Revenue
- $53.1k
- Investments
- $2.7m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 02/1994
- Data as of
- 12/2022
- EIN
- 52-1853565
Organization Overview
Michael J And Patricia K Batza Foundation Inc is located in Towson, MD. The organization was established in 1994. 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. Michael J And Patricia K Batza 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 12/2022, Michael J And Patricia K Batza Foundation Inc generated $53.1k 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 (12.0%) each year. All expenses for the organization totaled $299.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael J And Patricia K Batza Foundation Inc has awarded 81 individual grants totaling $892,450. 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
THE FOUNDATION MAKES GRANTS TO QUALIFYING 501(C)(3) ORGANIZATIONS THAT ARE INVOLVED IN DIRECT CHARITABLE ACTIVITES. SEE ATTACHED LISTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia K Batza Officer | 0 | $0 | |
Michael J Batza Officer | 0 | $0 | |
Maureen B Morris Officer | 0 | $0 | |
Michelle B Railey Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,780 |
| Capital Gain Net Income | $14,780 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,027 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23 |
| Total operating and administrative expenses | $40,261 |
| Contributions, gifts, grants paid | $259,450 |
| Total expenses and disbursements | $299,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,281 |
| Savings and temporary cash investments | $585,830 |
| 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 | $973,783 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,088,224 |
| Total assets | $5,361,169 |
| 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, Michael J And Patricia K Batza Foundation Inc has awarded $259,450 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: UNRESTRICTED | $1,000 |
ALS ASSOCIATION PURPOSE: UNRESTRICTED | $1,000 |
BALTIMORE COMMUNITY FOUNDATION PURPOSE: UNRESTRICTED | $10,000 |
BALTIMORE LEADERSHIP SCHOOL FOR YOUNG WOMEN PURPOSE: UNRESTRICTED | $25,200 |
CHESAPEAKE BAY FOUNDATION PURPOSE: UNRESTRICTED | $200 |
CATHOLIC RELIEF SERVICES PURPOSE: UNRESTRICTED | $10,000 |