B & B Foundation
- Assets
- $2.4m
- Revenue
- $480.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 08/1999
- Data as of
- 09/2023
- EIN
- 75-2813025
Organization Overview
B & B Foundation is located in Fort Worth, TX. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B & B 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 09/2023, B & B Foundation generated $480.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $75.7k during the year ending 09/2023. While expenses have increased by 3.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, B & B Foundation has awarded 192 individual grants totaling $569,664. 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 |
|---|---|---|---|
Deborra L Baker Director & President | 0 | $0 | |
Michael W Kemp Director | 0 | $0 | |
Jaylee R Baker Treasurer | 0 | $0 | |
Jared R Baker Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $80,823 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Total Revenue | $480,823 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $65 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19 |
| Total operating and administrative expenses | $1,184 |
| Contributions, gifts, grants paid | $74,500 |
| Total expenses and disbursements | $75,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,390,419 |
| 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 | $2,390,419 |
| Accounts payable and accrued expenses | $1,500 |
| 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 | $1,500 |
Grants Awarded
Over the last fiscal year, B & B Foundation has awarded $74,500 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: SUSTAINING FUND | $5,000 |
COACHES OUTREACH PURPOSE: SUSTAINING FUND | $500 |
CAL FARLEYS BOYS RANCH PURPOSE: SUSTAINING FUND | $500 |
COVENANT HOUSE TEXAS PURPOSE: SUSTAINING FUND | $1,000 |
COMMUNITY LINK MISSION INC PURPOSE: SUSTAINING FUND | $1,000 |
FORT WORTH HOPE CENTER PURPOSE: SUSTAINING FUND | $1,000 |