Barnett Family Heritage Foundation
- Assets
- $1.6m
- Revenue
- $41.5k
- Investments
- $1.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 87-2642390
Organization Overview
Barnett Family Heritage Foundation is located in Wilmington, DE. 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. Barnett Family Heritage 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, Barnett Family Heritage Foundation generated $41.5k in total revenue. All expenses for the organization totaled $88.1k during the year ending 12/2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irene Aurora Barnett Co- Pres, Dir, Sec | 1 | $0 | |
John Logan Barnett Co- Pres, Treas, Dir | 1 | $0 | |
John Patrick Cephus Barnett VP | 1 | $0 | |
Jennifer Louise Barnett Russell VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $34,000 |
| Interest on Savings | $22 |
| Dividends & Interest | $15,120 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,644 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$995 |
| Total Revenue | $41,503 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $51,206 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,917 |
| Total operating and administrative expenses | $64,123 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $88,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $968 |
| 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 | $63,195 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,553,948 |
| 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 | $427,160 |
| Total liabilities | $427,160 |
Grants Awarded
Over the last fiscal year, Barnett Family Heritage Foundation has awarded $24,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SAMARITANS PURSE PURPOSE: GENERAL & UNRESTRICTED | $12,000 |
SAN MARCOS YOUTH SOCCER PURPOSE: GENERAL & UNRESTRICTED | $4,000 |
WORLD CENTRAL KITCHEN INCORPORATED PURPOSE: GENERAL & UNRESTRICTED | $8,000 |