Barnes Foundation Incorporated
- Assets
- $8.9m
- Revenue
- $326.4k
- Investments
- $8.9m
- Employees
- 0
- Location
- Marion, CT
- Founding
- 07/1946
- Data as of
- 12/2022
- EIN
- 06-6037160
Organization Overview
Barnes Foundation Incorporated is located in Marion, CT. The organization was established in 1946. 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. Barnes Foundation Incorporated 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, Barnes Foundation Incorporated generated $326.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.1%) each year. All expenses for the organization totaled $464.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Barnes Foundation Incorporated has awarded 57 individual grants totaling $1,008,677. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan B Flynn President | 2 | $0 | |
Sally A O'connor V/p | 2 | $0 | |
Elliott B Bristow Director | 1 | $0 | |
Timothy J O'connor Executive Director | 30 | $80,717 | |
Brenna K Flynn Treasurer | 2 | $0 | |
Heather B Adams Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $277,769 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,679 |
| Capital Gain Net Income | $48,679 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $326,448 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,717 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,310 |
| Depreciation | $129 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,113 |
| Printing and publications | $80 |
| Other expenses | $6,095 |
| Total operating and administrative expenses | $181,658 |
| Contributions, gifts, grants paid | $282,537 |
| Total expenses and disbursements | $464,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,687 |
| 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 | $6,035,238 |
| Net Land, buildings, and equipment | $64 |
| Other assets | $17,953 |
| Total assets | $8,918,451 |
| Accounts payable and accrued expenses | $2,348 |
| 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 | $2,348 |
Grants Awarded
Over the last fiscal year, Barnes Foundation Incorporated has awarded $282,537 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BRISTOL PUBLIC SCHOOLS PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS | $30,000 |
COMMUNITY FIRST SCHOOL INC PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS | $20,000 |
CONNECTICUT SCIENCE CENTER INC PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS | $15,000 |
CONNECTIKIDS PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS | $5,000 |
ENVIRONMENTAL LEARNING CENTERS OF CT INC PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS | $48,037 |
FLANDERS NATURE CENTER PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS | $10,000 |