Bay And Paul Foundations Inc
- Assets
- $20.4m
- Revenue
- $203.0k
- Investments
- $987.0k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/1964
- Data as of
- 12/2022
- EIN
- 13-1991717
Organization Overview
Bay And Paul Foundations Inc is located in Wilmington, DE. The organization was established in 1964. 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. Bay And Paul Foundations Inc 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, Bay And Paul Foundations Inc generated $203.0k 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 (45.0%) each year. All expenses for the organization totaled $9.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bay And Paul Foundations Inc has awarded 499 individual grants totaling $42,896,075. 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 |
|---|---|---|---|
Rebecca Adamson Dir | 2 | $6,000 | |
David Bury Dir | 2 | $6,000 | |
Kenneth D Hurwitz Dir, Sec, Treas | 2 | $6,000 | |
Marilyn Reznick Dir, Chair | 2 | $5,000 | |
Gail Stone Corp Couns/exec Dir | 30 | $0 | |
William E Terry Dir | 2 | $6,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rbc Wealth Management | 12/30/21 | $90,095 |
Foundation Source | 12/30/21 | $89,637 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $169,635 |
| Dividends & Interest | $35,470 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,065 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $203,040 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,000 |
| Other employee salaries and wages | $198,065 |
| Pension plans, employee benefits | $78,511 |
| Interest | $0 |
| Taxes | $2,114 |
| Depreciation | $0 |
| Occupancy | $38,105 |
| Travel, conferences, and meetings | $468 |
| Printing and publications | $0 |
| Other expenses | $102,306 |
| Total operating and administrative expenses | $512,471 |
| Contributions, gifts, grants paid | $8,685,600 |
| Total expenses and disbursements | $9,198,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,387,085 |
| Net Accounts receivable | $8,604 |
| 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 | $8,145 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,875 |
| Total assets | $20,395,754 |
| Accounts payable and accrued expenses | $56,335 |
| Grants payable | $4,627,984 |
| 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 | $4,684,319 |
Grants Awarded
Over the last fiscal year, Bay And Paul Foundations Inc has awarded $12,928,600 in support to 123 organizations.
| Grant Recipient | Amount |
|---|---|
A STEPPING STONE FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
ALLIANCE TO COUNTER CRIME ONLINE PURPOSE: GENERAL & UNRESTRICTED | $125,000 |
ALLIED MEDIA PROJECTS INC PURPOSE: GENERAL OPERATIONS FOR PEOPLE IN EDUCATION | $20,000 |
ACTS ACCOUNTABILITY NOW PURPOSE: GENERAL & UNRESTRICTED | $250,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
AMERICAN INDIAN HIGHER EDUCATION CONSORTIUM PURPOSE: SUMMER INTERNSHIP PROGRAM | $340,000 |