New Hampshire Ball Bearings Foundation
- Assets
- $131.1k
- Revenue
- $245.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chatsworth, CA
- Founding
- 08/1962
- Data as of
- 12/2022
- EIN
- 02-6005861
Organization Overview
New Hampshire Ball Bearings Foundation is located in Chatsworth, CA. The organization was established in 1962. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hampshire Ball Bearings 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, New Hampshire Ball Bearings Foundation generated $245.0 in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 73.6% each year . All expenses for the organization totaled $10.6k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 THE NEW HAMPSHIRE BALL BEARINGS FOUNDATION GRANTED MONEY TO SIX ORGANIZATIONS BENEFITING VARIOUS PHILANTHROPIC VENTURES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Petersen Treasurer | 0 | $0 | |
Daniel J Lemieux Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $245 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $245 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $185 |
| Contributions, gifts, grants paid | $10,453 |
| Total expenses and disbursements | $10,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,906 |
| Savings and temporary cash investments | $120,239 |
| 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 | $131,145 |
| 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, New Hampshire Ball Bearings Foundation has awarded $10,453 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FOR INSPIRATION AND RECOGNITION OF SCIENCE AND TECHNOLOGY FIRST PURPOSE: INSPIRE YOUNG PEOPLE TO PURSUE STEM | $3,500 |
SCHOLARSHIP AMERICA INC - CONVAL COMMUNITY PURPOSE: ALLEVIATE EDUCATION FINANCIAL BURDEN | $1,000 |
LAKES REGION SCHOLARSHIP FOUNDATION PURPOSE: ALLEVIATE EDUCATION FINANCIAL BURDEN | $4,253 |
GREENFIELD FIREFIGHTERS ASSOCIATION PURPOSE: SUPPORTS FIREFIGHTERS AND RESCUE PERSONNEL | $250 |
HUNDRED NIGHTS INC PURPOSE: HELP FAMILIES EXPERIENCING HOMELESSNESS | $450 |
APK CHARITIES PURPOSE: SUPPORT FOR STRUGGLING VETERANS | $1,000 |