Booth Foundation
- Assets
- $87.1m
- Revenue
- $5.3m
- Investments
- $76.8m
- Employees
- 0
- Location
- Stuart, FL
- Founding
- 07/2004
- Data as of
- 12/2020
- EIN
- 20-0667161
Organization Overview
Booth Foundation is located in Stuart, FL. The organization was established in 2004. 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. Booth 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 12/2020, Booth Foundation generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $3.8m during the year ending 12/2020. While expenses have increased by 13.0% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Booth President | 5 | $0 | |
Kimberly Lombear Treasurer | 5 | $88,000 | |
Susan Machamer Vice-President | 5 | $88,000 | |
Thomas A Pence Jr Director | 1 | $0 | |
Beth Terdo Prinz Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,716,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,578,885 |
| Capital Gain Net Income | $2,578,885 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,339 |
| Total Revenue | $5,312,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $176,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $88,343 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,134 |
| Total operating and administrative expenses | $489,022 |
| Contributions, gifts, grants paid | $3,356,558 |
| Total expenses and disbursements | $3,845,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,966 |
| Savings and temporary cash investments | $10,283,348 |
| 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 | $76,797,381 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $87,149,695 |
| 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, Booth Foundation has awarded $3,356,558 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HUNINGTON MUSEUM OF ART PURPOSE: GENERAL SUPPORT | $15,000 |
INTERNATIONAL COOPERATING MINISTRIES PURPOSE: TO BUILD CHURCHES IN AFRICA | $550,000 |
JUPITER MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $20,000 |
MARTIN HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
OUTREACH FOUNDATION OF FIRST PRESBYTERIAN PURPOSE: PROGRAM FOR DISADVANTAGED PEOPLE | $2,760,058 |
PLACE OF HOPE PURPOSE: GENERAL SUPPORT | $1,500 |