B Street Foundation
- Assets
- $2.2m
- Revenue
- $111.7k
- Investments
- $2.3m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 05-0494224
Organization Overview
B Street Foundation is located in Providence, RI. The organization was established in 1997. 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. B Street 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, B Street Foundation generated $111.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $182.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, B Street Foundation has awarded 152 individual grants totaling $1,456,750. 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 |
|---|---|---|---|
Stephanie D Chafee President & Director | 0 | $0 | |
Murray S Danforth III Treasurer & Director | 0 | $0 | |
Stephanie D Chafee Secretary & Director | 0 | $0 | |
Louisa D Chafee Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $84,515 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$35 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,219 |
| Total Revenue | $111,699 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $769 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $273 |
| Total operating and administrative expenses | $3,742 |
| Contributions, gifts, grants paid | $178,750 |
| Total expenses and disbursements | $182,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | -$39,310 |
| Total assets | $2,231,378 |
| 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 | $41,038 |
| Total liabilities | $41,038 |
Grants Awarded
Over the last fiscal year, B Street Foundation has awarded $178,750 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF NURSING PURPOSE: EDUCATION | $250 |
BOSTON UNIVERSITY PURPOSE: EDUCATION | $500 |
BOWDOIN COLLEGE PURPOSE: EDUCATION | $5,000 |
BROWN UNIVERSITY PURPOSE: EDUCATION | $1,000 |
COLGATE UNIVERSITY PURPOSE: EDUCATION | $1,000 |
FRENCHMAN BAY CONSERVANCY PURPOSE: CONSERVATION | $10,000 |