Ben G Barnett Foundation
- Assets
- $2.2m
- Revenue
- $286.1k
- Investments
- $1.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/1971
- Data as of
- 12/2023
- EIN
- 75-6045662
Organization Overview
Ben G Barnett Foundation is located in Chicago, IL. The organization was established in 1971. 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. Ben G 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 12/2023, Ben G Barnett Foundation generated $286.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $194.3k during the year ending 12/2023. While expenses have increased by 10.8% per year over the past 6 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 2018, Ben G Barnett Foundation has awarded 127 individual grants totaling $568,546. 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 |
|---|---|---|---|
Name Not Listed Trustee | 2 | $30,781 | |
Jay W Ungerman Co-Trustee | 1 | $10,678 | |
John Round ESQ Co-Trustee | 1 | $10,678 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $77,852 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,142 |
| Capital Gain Net Income | $27,142 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $181,110 |
| Total Revenue | $286,104 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,137 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,778 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$7,283 |
| Total operating and administrative expenses | $60,562 |
| Contributions, gifts, grants paid | $133,756 |
| Total expenses and disbursements | $194,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,161 |
| Savings and temporary cash investments | $33,755 |
| 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 | $123,702 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,193,917 |
| 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, Ben G Barnett Foundation has awarded $133,756 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
SALESMANSHIP CLUB YOUTH & FAMILY CTR PURPOSE: GENERAL | $4,869 |
UNITED WAY OF METROPOLITAN DALLAS PURPOSE: GENERAL | $2,434 |
UNITED NEGRO COLLEGE FUND PURPOSE: GENERAL | $4,869 |
DALLAS BAPTIST UNIVERSITY PURPOSE: GENERAL | $12,158 |
AMERICAN CANCER SOCIETY INC PURPOSE: GENERAL | $2,434 |
THE SALVATION ARMY PURPOSE: GENERAL | $2,916 |