T Backer Fund Inc
- Assets
- $4.5m
- Revenue
- $125.9k
- Investments
- $4.4m
- Employees
- 0
- Location
- Lexington, MA
- Founding
- 10/1985
- Data as of
- 12/2022
- 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 (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services 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 12/2022, T Backer Fund Inc generated $125.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $459.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, T Backer Fund Inc has awarded 348 individual grants totaling $2,335,503. 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 | |
Daniel Grunberg Vp/secretary | 0 | $0 | |
John Grunberg Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,204 |
| Dividends & Interest | $78,332 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,366 |
| Capital Gain Net Income | $32,366 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $125,902 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,985 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,070 |
| Total operating and administrative expenses | $73,861 |
| Contributions, gifts, grants paid | $386,050 |
| Total expenses and disbursements | $459,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,294 |
| Savings and temporary cash investments | $48,357 |
| 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 | $12,416 |
| Total assets | $4,471,012 |
| 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 $386,050 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF CHARLEMONT PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
ANIMALKIND PURPOSE: GENERAL CHARITABLE PURPOSES | $400 |
ART OMI PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
BENNINGTON COLLEGE PURPOSE: '55 SCHOLARSHIP | $15,500 |
BERKSHIRE TACONIC COMMUNITY FDN PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
CAMPHILL GHENT PURPOSE: GENERAL CHARITABLE PURPOSES | $750 |