The Bruce And Barbara Austin Family Foundation
- Assets
- $622.2k
- Revenue
- $24.9k
- Investments
- $604.7k
- Employees
- 0
- Location
- Reading, MA
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 04-3430324
Organization Overview
The Bruce And Barbara Austin Family Foundation is located in Reading, MA. The organization was established in 1999. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bruce And Barbara Austin Family 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, Bruce And Barbara Austin Family Foundation generated $24.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $75.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bruce And Barbara Austin Family Foundation has awarded 59 individual grants totaling $528,636. 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 |
|---|---|---|---|
Bruce L Austin Trustee | 2 | $0 | |
Barbara D Austin Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,472 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,393 |
| Capital Gain Net Income | $11,393 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,865 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,213 |
| Contributions, gifts, grants paid | $65,018 |
| Total expenses and disbursements | $75,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,202 |
| Savings and temporary cash investments | $10,309 |
| 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 | $509,285 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $622,244 |
| 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 Bruce And Barbara Austin Family Foundation has awarded $65,018 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DYSTONIA MEDICAL RESEARCH FOUNDATION PURPOSE: GENERAL GRANT | $10,000 |
KEENE STATE COLLEGE PURPOSE: GENERAL GRANT | $10,000 |
OLD SOUTH UNITED METHODIST CHURCH PURPOSE: GENERAL GRANT | $16,650 |
READING LIONS CLUB PURPOSE: GENERAL GRANT | $13,368 |
READING PUBLIC LIBRARY FOUNDATION PURPOSE: GENERAL GRANT | $5,000 |
UNIVERSITY OF MASSACHUSETTS AMHERST PURPOSE: HIGHER HOPES FUND | $10,000 |