Barco Family Foundation Inc
- Assets
- $9.7m
- Revenue
- $325.3k
- Investments
- $5.3m
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 02/2000
- Data as of
- 12/2023
- EIN
- 59-3577591
Organization Overview
Barco Family Foundation Inc is located in Jacksonville, FL. The organization was established in 2000. 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. Barco Family 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 12/2023, Barco Family Foundation Inc generated $325.3k 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 (17.1%) each year. All expenses for the organization totaled $489.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Barco Family Foundation Inc has awarded 52 individual grants totaling $783,665. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles K Barco Director & P | 0 | $21,250 | |
Kathy Barco Jossim Director, Se | 0 | $28,750 | |
Barry R Barco Director, VP | 0 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,183 |
| Dividends & Interest | $129,430 |
| Net Rental Income | $59,637 |
| Net Gain on Sale of Assets | $59,021 |
| Capital Gain Net Income | $59,021 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $48,975 |
| Total Revenue | $325,270 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,962 |
| Depreciation | $472 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115,873 |
| Total operating and administrative expenses | $237,243 |
| Contributions, gifts, grants paid | $252,200 |
| Total expenses and disbursements | $489,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,374 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $376,366 |
| 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 | $2,582,652 |
| Investments—mortgage loans | $1,238,766 |
| Investments—other | $2,385,642 |
| Net Land, buildings, and equipment | $613,247 |
| Other assets | $806,010 |
| Total assets | $9,714,986 |
| 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 | $7,860 |
| Total liabilities | $7,860 |
Grants Awarded
Over the last fiscal year, Barco Family Foundation Inc has awarded $252,200 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
TNXL SPORTS FOUNDATION OF FLORIDA PURPOSE: FUND SCHOLARSHIPS | $6,200 |
THE FLORIDA BALLET PURPOSE: SUPPORT FOR THE ARTS | $100,000 |
THE BOLLES SCHOOL PURPOSE: HS SPORTS - BASEBALL FACILITY | $15,000 |
RPDS PURPOSE: SCHOOL IMPROVEMENTS | $500 |
ST PAULS CATHOLIC CHURCH PURPOSE: SUPPORT EDUCATION | $6,000 |
BAPTIST HEALTH FOUNDATION PURPOSE: AGE WELL PROGRAM | $10,000 |