Bazarsky Family Foundation
- Assets
- $10.4m
- Revenue
- $1.2m
- Investments
- $10.1m
- Employees
- 0
- Location
- Middletown, RI
- Founding
- 06/2018
- Data as of
- 12/2022
- EIN
- 82-1138943
Organization Overview
Bazarsky Family Foundation is located in Middletown, RI. The organization was established in 2018. 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. Bazarsky 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, Bazarsky Family Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bazarsky Family Foundation has awarded 220 individual grants totaling $3,083,220. 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 |
|---|---|---|---|
David G Bazarsky Trustee | 5 | $0 | |
Carol R Bazarsky Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $299,577 |
| Interest on Savings | $0 |
| Dividends & Interest | $287,128 |
| Net Rental Income | $600,344 |
| Net Gain on Sale of Assets | $11,581 |
| Capital Gain Net Income | $11,581 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,198,630 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,243 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,944 |
| Total operating and administrative expenses | $60,372 |
| Contributions, gifts, grants paid | $1,049,049 |
| Total expenses and disbursements | $1,109,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $308,640 |
| 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 | $10,361,736 |
| 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, Bazarsky Family Foundation has awarded $1,049,049 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPTION RHODE ISLAND PURPOSE: SUPPORT FOR PROGRAM SERVICING ADOPTED AND FOSTER CHILDREN. | $1,000 |
BABY STEPS PURPOSE: SUPPORT FOR EARLY CHILDHOOD EDUCATION CENTER. | $30,500 |
BIKE NEWPORT PURPOSE: SUPPORT FOR IMPROVEMENT, ENCOURAGEMENT, AND FACILITATION OF BICYCLING IN NEWPORT. | $25,000 |
BOSTON CELTICS SHAMROCK FOUNDATION PURPOSE: SUPPORT FOR CHILDREN IN NEED. | $3,000 |
BOSTON BEL CANTO OPERA PURPOSE: SUPPORT FOR INNOVATION AND ENHANCEMENT OF OPERA. | $2,500 |
BOYS & GIRLS CLUBS OF NEWPORT COUNTY PURPOSE: SUPPORT FOR VARIOUS PROGRAMS FOR YOUTH IN NEED. | $39,400 |