The@bayfront Foundation
- Assets
- $894.9k
- Revenue
- $36.6k
- Investments
- $864.0k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 83-3664555
Organization Overview
The@bayfront Foundation is located in Wilmington, DE. The organization was established in 2019. 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. The@bayfront 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, The@bayfront Foundation generated $36.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (38.7%) each year. All expenses for the organization totaled $19.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Arlene Oltman Dir, Pres | 1 | $0 | |
Robert Oltman Dir, Treas | 1 | $0 | |
Kathryn Scroggins Dir | 1 | $0 | |
Shan Scroggins Sec | 1 | $0 | |
Virginia Stafford Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $220 |
| Dividends & Interest | $17,432 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,898 |
| Capital Gain Net Income | $18,898 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $450 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,761 |
| Total operating and administrative expenses | $19,498 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $19,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,909 |
| 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 | $894,891 |
| 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, The@bayfront Foundation has awarded $28,400 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GOODEN SCHOOL PURPOSE: TO PURCHASE EQUIPMENT / TOOLS FOR THE "STEAM" PROGRAM TO BENEFIT THE GOODEN SCHOOL COMMUNITY | $5,000 |
LOS ANGELES ARBORETUM FOUNDATION INC PURPOSE: CRESECENT FARM FUND | $5,000 |
AMAZON CONSERVATION ASSOCIATION PURPOSE: AMAZON CONSERVATION AND EDUCATION FUND | $4,200 |
PONTOTOC ANIMAL WELFARE SOCIETY PURPOSE: IN SUPPORT OF THE MISSION | $6,000 |
SAVANNAH STATION THERAPEUTIC RIDING PROGRAM INC PURPOSE: GENERAL & UNRESTRICTED | $8,200 |