Barnes Family Foundation is located in Perkasie, PA. The organization was established in 2018. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barnes 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 12/2022, Barnes Family Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 49.4% each year . All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COORDINATION WITH CONSULTANTS ACADEMIC INSTITUTIONS NONPROFIT ORGANIZATIONS AND SOFTWAREDEVELOPMENT CONTRACTORS TO ASSIST IN DESIGNING PLANNING AND IMPLEMENTING FOUNDATIONS CHARITABLE PROGRAMS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Barnes Executive Chairman | 40 | $35,568 | |
Susan Barnes Vice President | 10 | $0 |
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Washington | 12/30/22 | $556,476 |
Csdk Communications Llc | 12/30/22 | $266,756 |
3 Sided Cube Inc | 12/30/22 | $534,412 |
Live For Life Media Llc | 12/30/22 | $257,714 |
Insite Technology Llc | 12/30/22 | $244,591 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000,000 |
| Interest on Savings | $0 |
| 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 | $3,000,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,568 |
| Other employee salaries and wages | $123,660 |
| Pension plans, employee benefits | $48,381 |
| Interest | $0 |
| Taxes | $12,383 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $32,013 |
| Printing and publications | $0 |
| Other expenses | $84,665 |
| Total operating and administrative expenses | $3,073,590 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,073,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,313 |
| 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 | $130,000 |
| Total assets | $414,313 |
| Accounts payable and accrued expenses | $13,981 |
| 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 | $13,981 |