Battistone Foundation
- Assets
- $11.8m
- Revenue
- $2.6m
- Investments
- $4.7m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 03/1969
- Data as of
- 12/2023
- EIN
- 95-6225967
Organization Overview
Battistone Foundation is located in Santa Barbara, CA. The organization was established in 1969. 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. Battistone 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, Battistone Foundation generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Hill Chief Executive Officer | 40 | $165,377 | |
J Roger Battistone Trustee/retired CEO | 8 | $36,000 | |
Dona Kirby Trustee | 8 | $36,000 | |
Chad Stevens Trustee | 8 | $36,000 | |
Dann Battistone Trustee | 8 | $36,000 | |
Carlos Guerrero Maintenance And Reno | 40 | $87,197 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mullen & Henzell Llp | 12/30/23 | $105,970 |
One Capital Management Llc | 12/30/23 | $52,512 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $149,857 |
| Net Rental Income | $24,061 |
| Net Gain on Sale of Assets | $244,553 |
| Capital Gain Net Income | $244,553 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,183,782 |
| Total Revenue | $2,607,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $309,377 |
| Other employee salaries and wages | $481,374 |
| Pension plans, employee benefits | $13,415 |
| Interest | $0 |
| Taxes | $61,635 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,273,113 |
| Total operating and administrative expenses | $2,380,361 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,380,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $498,537 |
| Savings and temporary cash investments | $257,899 |
| 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 | $919,348 |
| Net Land, buildings, and equipment | $6,217,976 |
| Other assets | $93,351 |
| Total assets | $11,765,904 |
| 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 | $158,730 |
| Total liabilities | $158,730 |