Bmc Charitable Foundation Inc
- Assets
- $760.3k
- Revenue
- $30.4k
- Investments
- $713.2k
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 11/2006
- Data as of
- 12/2023
- EIN
- 20-5242624
Organization Overview
Bmc Charitable Foundation Inc is located in Boca Raton, FL. The organization was established in 2006. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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. Bmc Charitable Foundation 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 12/2023, Bmc Charitable Foundation Inc generated $30.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $62.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bmc Charitable Foundation Inc has awarded 29 individual grants totaling $178,000. 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 |
|---|---|---|---|
Kristen Santana Kohn Trustee | 1 | $0 | |
Bill T Smith Jr Trustee | 1 | $0 | |
Juel Richter Trustee | 1 | $0 | |
Hilda M Santana Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,588 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$207 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,381 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $969 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,777 |
| Total operating and administrative expenses | $11,856 |
| Contributions, gifts, grants paid | $51,000 |
| Total expenses and disbursements | $62,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,078 |
| 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 | $713,224 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $760,302 |
| 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, Bmc Charitable Foundation Inc has awarded $51,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
4KIDS PURPOSE: DONATION | $5,000 |
ARMORY ART CENTER PURPOSE: UNRESTRICTED | $11,000 |
CARIDAD CENTER PURPOSE: DONATION | $5,000 |
DESTINY FOR DOGS PURPOSE: UNRESTRICTED | $1,500 |
FEEDING PALM BEACH COUNTY PURPOSE: UNRESTRICTED | $2,500 |
HOMESAFE PURPOSE: UNRESTRICTED | $5,000 |