D N Batten Foundation
- Assets
- $33.5m
- Revenue
- $7.0m
- Investments
- $32.3m
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 54-1864288
Organization Overview
D N Batten Foundation is located in Norfolk, VA. The organization was established in 1998. 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. D N Batten 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, D N Batten Foundation generated $7.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $12.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, D N Batten Foundation has awarded 120 individual grants totaling $30,580,116. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy N Batten President | 0 | $0 | |
Frank Batten Jr Officer/director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arabella Advisors | 12/30/15 | $105,000 |
Hatcher Consulting | 12/30/15 | $56,492 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,506,350 |
| Interest on Savings | $4,064 |
| Dividends & Interest | $958,127 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,304,113 |
| Capital Gain Net Income | $2,304,113 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $236,837 |
| Total Revenue | $7,009,491 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $89,849 |
| Taxes | $367,331 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $578,946 |
| Total operating and administrative expenses | $1,194,738 |
| Contributions, gifts, grants paid | $10,765,199 |
| Total expenses and disbursements | $11,959,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,575 |
| Savings and temporary cash investments | $1,026,163 |
| 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 | $32,318,422 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,472,160 |
| 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, D N Batten Foundation has awarded $10,765,199 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AFFORDABLE HOUSING OPPORTUNITY FUND PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $500,000 |
AFRICAN WILDLIFE FOUNDATION PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $3,100,199 |
AMAZON CONSERVATION ASSOCIATION PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $250,000 |
APPALACHIAN VOICES PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $200,000 |
BOYS AND GIRLS CLUB OF CENTRAL VIRG PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $450,000 |
CHARLOTTESVILLE CITY SCHOOL PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $200,000 |