The Babare Foundation
- Assets
- $1.4m
- Revenue
- $131.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Gig Harbor, WA
- Founding
- 10/1989
- Data as of
- 12/2021
- EIN
- 94-3099309
Organization Overview
The Babare Foundation is located in Gig Harbor, WA. The organization was established in 1989. 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. Babare 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 12/2021, Babare Foundation generated $131.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $130.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Babare Foundation has awarded 67 individual grants totaling $614,000. 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 |
|---|---|---|---|
Robert M Babare President | 2 | $0 | |
Cynthia Louise Babare Vice Pres. | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $98,119 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,156 |
| Capital Gain Net Income | $2,156 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,703 |
| Total Revenue | $130,978 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,281 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $133 |
| Total operating and administrative expenses | $14,414 |
| Contributions, gifts, grants paid | $116,000 |
| Total expenses and disbursements | $130,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,119 |
| Savings and temporary cash investments | $373 |
| 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 | $1,390,750 |
| 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 | $50,000 |
| Total liabilities | $50,000 |
Grants Awarded
Over the last fiscal year, The Babare Foundation has awarded $116,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MBCHC TREE HOUSE PURPOSE: TO FURTHER EXEMPT PURPOSE | $25,000 |
EMEGENCY FOOD NETWORK PURPOSE: TO FURTHER EXEMPT PURPOSE | $15,000 |
AGNUS DEI LUTHERAN CHURCH PURPOSE: TO FURTHER EXEMPT PURPOSE | $15,000 |
LOCAL CHURCH PURPOSE: TO FURTHER EXEMPT PURPOSE | $15,000 |
VOYAGER PTA PURPOSE: TO FURTHER EXEMPT PURPOSE | $11,000 |
Kent, WA PURPOSE: TO FURTHER EXEMPT PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Rasmuson Foundation Anchorage, AK | $851,377,242 | $102,826,089 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
Roots And Wings Foundation Inc Seattle, WA | $315,937,030 | $249,888,695 |
Schultz Family Foundation Seattle, WA | $463,519,339 | $158,807,992 |
The Lemelson Foundation Portland, OR | $488,510,181 | $33,726,014 |
Norcliffe Foundation Seattle, WA | $18,121,640 | $25,144,033 |
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |