T Backer Fund Inc
- Assets
- $4.8m
- Revenue
- $450.1k
- Investments
- $4.7m
- Employees
- 0
- Location
- Lexington, MA
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 14-1640994
Organization Overview
T Backer Fund Inc is located in Lexington, MA. The organization was established in 1985. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. T Backer Fund 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 12/2021, T Backer Fund Inc generated $450.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $405.0k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 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 2015, T Backer Fund Inc has awarded 360 individual grants totaling $2,281,755. 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 |
|---|---|---|---|
David Grunberg President/tr | 0 | $0 | |
John Grunberg Director | 0 | $0 | |
Daniel Grunberg Vp/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28,287 |
| Dividends & Interest | $80,402 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $341,452 |
| Capital Gain Net Income | $341,452 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $450,141 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63,627 |
| Total operating and administrative expenses | $67,913 |
| Contributions, gifts, grants paid | $337,100 |
| Total expenses and disbursements | $405,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,119 |
| Savings and temporary cash investments | $46,240 |
| 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 | $11,993 |
| Total assets | $4,803,173 |
| 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, T Backer Fund Inc has awarded $337,100 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: FAMILY IDEA HUB FUND | $131,000 |
Chatham, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
BENNINGTON COLLEGE PURPOSE: '55 SCHOLARSHIP | $25,500 |
TIME SPACE LIMITED PURPOSE: GENERAL CHARITABLE PURPOSES | $22,550 |
COLUMBIA MEMORIAL HEALTH PURPOSE: GENERAL CHARITABLE PURPOSES | $11,000 |
COLUMBIA CTY HABITAT FOR HUMANITY PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Word Of Life Fellowship Inc Schroon Lake, NY | $120,358,230 | $77,023,933 |
Mercy Life Inc West Springfield, MA | $6,533,362 | $24,380,335 |
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Family Life Ministries Inc Bath, NY | $17,860,923 | $9,093,458 |
Brothers Of Mercy Of Montabaur Apartment Complex Inc Clarence, NY | $17,902,885 | $4,243,633 |
Resist Inc Jamaica Plain, MA | $7,004,475 | $7,102,680 |
Community Life Center Inc New York, NY | $644,812 | $3,859,837 |
Quincy Point Congregational Church Homes Inc Quincy, MA | $91,051,242 | $3,401,852 |
Tools Of The Mind Shirley, MA | $4,682,421 | $5,282,072 |
Overcoming Love Ministries Inc Woodhaven, NY | $3,350,912 | $2,614,539 |
Servants Of The Word Inc Glens Falls, NY | $3,237,962 | $3,756,976 |
Camp Hasc Inc Brooklyn, NY | $5,763,474 | $3,581,711 |