Barnett Foundation
- Assets
- $2.7k
- Revenue
- $34.8k
- Investments
- $500.0
- Employees
- 0
- Location
- Greenwood, MS
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 63-1248965
Organization Overview
Barnett Foundation is located in Greenwood, MS. The organization was established in 2000. 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. Barnett 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, Barnett Foundation generated $34.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $108.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Barnett Foundation has awarded 29 individual grants totaling $903,500. 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 |
|---|---|---|---|
Richard G Noble Trustee | 2 | $5,000 | |
John M Ford Jr Trustee | 3 | $5,000 | |
W W Gresham Jr Trustee | 2 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $331 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,336 |
| Total Revenue | $34,818 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $699 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,423 |
| Total operating and administrative expenses | $23,122 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $108,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,232 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,732 |
| 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 | $48,671 |
| Total liabilities | $48,671 |
Grants Awarded
Over the last fiscal year, Barnett Foundation has awarded $85,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANOLA EDUCATION FDN PURPOSE: EDUCATIONAL | $50,000 |
MDCC FOUNDATION PURPOSE: EDUCATIONAL | $20,000 |
MISSISSIPPI STATE UNIVERSITY PURPOSE: EDUCATIONAL | $5,000 |
UNIVERSITY OF MISSISSIPPI PURPOSE: EDUCATIONAL | $10,000 |