Barr Foundation
- Assets
- $1.8b
- Revenue
- $449.1m
- Investments
- $1.8b
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/1988
- Data as of
- 12/2021
- EIN
- 04-6579815
Organization Overview
Barr Foundation is located in Boston, MA. The organization was established in 1988. 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. Barr 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, Barr Foundation generated $449.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $157.5m during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 3 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.
Since 2020, Barr Foundation has awarded 2,201 individual grants totaling $296,457,854. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
TO CONTINUE MANAGING LEARNING COMMUNITIES FOR CATALYZE NEW MODELS GRANTEES.
TO SUPPORT SCHOOL QUALITY OBSERVATION VISITS AT 31 "CATALYZE NEW MODELS" PARTNER HIGH SCHOOLS.
TO CONTINUE TO PROVIDE CUSTOM COVID RECOVERY SYSTEM SUPPORTS TO HELP BARR PARTNER DISTRICTS LEVERAGE ESSER FUNDS FOR LONG-TERM TRANSFORMATION.
TO SUPPORT PHASE II YEAR ONE OF THE BARR FOUNDATION'S "ENGAGE NEW ENGLAND INITIATIVE" EVALUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amos B Hostetter Jr Trustee | 6 | $0 | |
Barbara W Hostetter Chair And Trustee | 8 | $0 | |
James Canales - See Statement 16 President And Trustee | 36 | $680,986 | |
Dr M Lee Pelton Trustee | 2 | $0 | |
Sue Tierney Trustee | 2 | $0 | |
Caroline H Walsh Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Attuned Education Partners Llc | 12/30/22 | $1,436,768 |
The Learning Agenda | 12/30/22 | $1,099,995 |
National Center For Civic Innovation Inc | 12/30/22 | $1,039,853 |
Sri International | 12/30/22 | $971,685 |
Education Analytics | 12/30/22 | $741,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $448,738 |
| Interest on Savings | $22,158 |
| Dividends & Interest | $41,823,286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $389,393,341 |
| Capital Gain Net Income | $385,161,874 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,461,344 |
| Total Revenue | $449,148,867 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $630,062 |
| Other employee salaries and wages | $5,308,467 |
| Pension plans, employee benefits | $2,020,142 |
| Interest | $540,738 |
| Taxes | $9,394,951 |
| Depreciation | $93,463 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $21,402 |
| Printing and publications | $1,363 |
| Other expenses | $15,510,764 |
| Total operating and administrative expenses | $57,239,251 |
| Contributions, gifts, grants paid | $100,253,934 |
| Total expenses and disbursements | $157,493,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,993,527 |
| Savings and temporary cash investments | $52,993,314 |
| 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 | $18,588 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,653,366,851 |
| Net Land, buildings, and equipment | $234,688 |
| Other assets | $3,918,805 |
| Total assets | $1,838,977,066 |
| Accounts payable and accrued expenses | $2,338,315 |
| 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 | $22,860,639 |
| Total liabilities | $25,198,954 |
Grants Awarded
Over the last fiscal year, Barr Foundation has awarded $108,480,933 in support to 773 organizations.
| Grant Recipient | Amount |
|---|---|
(1) A FAR CRY INC PURPOSE: ARTS & CREATIVITY: TO SUPPORT PARTICIPATION IN YEARS 4-6 OF THE BARR KLARMAN MASSACHUSETTS ARTS INITIATIVE | $50,000 |
(2) AMERICAN REPERTORY THEATRE COMPANY INC PURPOSE: ARTS & CREATIVITY: TO INVEST RISK CAPITAL IN LEADERSHIP INITIATIVES AND ORGANIZATIONAL CAPACITY | $320,000 |
(3) AMERICAN REPERTORY THEATRE COMPANY INC PURPOSE: ARTS & CREATIVITY: TO SUPPORT A.R.T.'S ARTS AND CULTURAL ORGANIZATION MANAGEMENT PROGRAM AND THE ARTS AND CULTURAL ORGANIZATION MANAGEMENT ALUMNI NETWORK | $150,000 |
(4) ARTS CONNECT INTERNATIONAL INC PURPOSE: ARTS & CREATIVITY: TO SUPPORT THE CULTURAL EQUITY INCUBATOR | $230,000 |
(5) BARRINGTON STAGE COMPANY INC PURPOSE: ARTS & CREATIVITY: TO SUPPORT PARTICIPATION IN YEARS 4-6 OF THE BARR KLARMAN MASSACHUSETTS ARTS INITIATIVE | $91,500 |
(7) BOSTON CHINATOWN NEIGHBORHOOD CENTER INC PURPOSE: ARTS & CREATIVITY: TO SUPPORT ORGANIZATIONAL DEI TRAINING | $115,000 |