Barnabas Foundation
- Assets
- $518.7k
- Revenue
- $135.0k
- Investments
- $301.4k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 75-2708264
Organization Overview
Barnabas Foundation is located in Wilmington, DE. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Barnabas 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, Barnabas Foundation generated $135.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $98.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Barnabas Foundation has awarded 167 individual grants totaling $2,057,232. 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 |
|---|---|---|---|
Anita Jones Dir | 1 | $0 | |
Lee Anna Lackey Sec, Vp, Dir | 1 | $0 | |
R Brandon Lackey Dir, Pres | 1 | $0 | |
Jimmy Winters Dir | 1 | $0 | |
Leisa Winters Vp, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,981 |
| Interest on Savings | $432 |
| Dividends & Interest | $6,902 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,668 |
| Capital Gain Net Income | $6,668 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $134,983 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,843 |
| Total operating and administrative expenses | $10,677 |
| Contributions, gifts, grants paid | $87,500 |
| Total expenses and disbursements | $98,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $217,278 |
| 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 | $518,686 |
| 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, Barnabas Foundation has awarded $87,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR UNIVERSITY PURPOSE: CHARITABLE EVENT | $10,000 |
BUCKNER CHILDREN AND FAMILY SERVICES INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
DALLAS BAPTIST UNIVERSITY PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
DENISON MINISTRIES PURPOSE: GENERAL & UNRESTRICTED | $4,000 |
EYES ON ME PURPOSE: GENERAL & UNRESTRICTED | $2,572 |
FAMILY LEGACY MISSIONS INTERNATIONAL PURPOSE: FOR 2020 CHILD SPONSORSHIPS | $10,428 |