Barrett Family Foundation
- Assets
- $817.9k
- Revenue
- $50.5k
- Investments
- $798.7k
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 05/2001
- Data as of
- 08/2023
- EIN
- 62-1854996
Organization Overview
Barrett Family Foundation is located in Pennington, NJ. The organization was established in 2001. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Barrett Family 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 08/2023, Barrett Family Foundation generated $50.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $50.8k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Barrett Family Foundation has awarded 31 individual grants totaling $147,706. 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 |
|---|---|---|---|
Joseph G Barrett President | 1 | $0 | |
Linda J Barrett Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,739 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,127 |
| Capital Gain Net Income | $30,127 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $611 |
| Total Revenue | $50,477 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $457 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $160 |
| Total operating and administrative expenses | $12,050 |
| Contributions, gifts, grants paid | $38,711 |
| Total expenses and disbursements | $50,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67 |
| Savings and temporary cash investments | $19,088 |
| 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 | $126,508 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $817,886 |
| 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, Barrett Family Foundation has awarded $38,711 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY PRESBYTERIAN CHURCH PURPOSE: UNRESTRICTED GENERAL | $6,000 |
THE HEALTH WAGON PURPOSE: UNRESTRICTED GENERAL | $2,000 |
NATIONAL MULTIPLE SCLEROSIS PURPOSE: UNRESTRICTED GENERAL | $2,000 |
CARNEGIE MELLON UNIVERSITY PURPOSE: UNRESTRICTED GENERAL | $3,000 |
WORLD CENTRAL KITCHEN PURPOSE: UNRESTRICTED GENERAL | $10,711 |
GROVE CITY COLLEGE PURPOSE: UNRESTRICTED GENERAL | $3,000 |