The Brett Barakett Foundation
- Assets
- $7.6m
- Revenue
- $5.9m
- Investments
- $7.5m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 06/2005
- Data as of
- 12/2022
- EIN
- 20-0832184
Organization Overview
The Brett Barakett Foundation is located in West Palm Beach, FL. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Brett Barakett 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 12/2022, Brett Barakett Foundation generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 65.5% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 11.0% per year over the past 8 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, Brett Barakett Foundation has awarded 182 individual grants totaling $8,836,464. 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 |
|---|---|---|---|
Brett Barakett Co Tremblant Ptnrs President | 0 | $0 | |
James Eckert Co Tremblant Ptnrs Secretary | 0 | $0 | |
Caroline Kraft Co Tremblant Ptnrs Treasurer | 0 | $0 | |
Meaghan Barakett Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,798 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,881,613 |
| Capital Gain Net Income | $5,881,613 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,916,411 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,780 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $351 |
| Total operating and administrative expenses | $16,500 |
| Contributions, gifts, grants paid | $1,273,411 |
| Total expenses and disbursements | $1,289,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,603 |
| Savings and temporary cash investments | $0 |
| 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 | $5,500,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,575,188 |
| 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, The Brett Barakett Foundation has awarded $1,273,411 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
IVEY BUSINESS SCHOOL AT UWO PURPOSE: GENERAL SUPPORT | $10,000 |
HARVARD BUSINESS SCHOOL PURPOSE: GENERAL SUPPORT | $10,000 |
WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH - THE DAVID PAGE LAB PURPOSE: GENERAL SUPPORT | $100,000 |
PALM BEACH CIVIC ASSOCIATION INC PURPOSE: GENERAL SUPPORT | $5,000 |
PALM BEACH POLICE & FIRE FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
NORTH PALM BEACH ROWING CLUB PURPOSE: GENERAL SUPPORT | $5,000 |