The Barry Foundation
- Assets
- $54.8m
- Revenue
- $3.8m
- Investments
- $53.4m
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 20-5767275
Organization Overview
The Barry Foundation is located in Fargo, ND. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Barry 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 12/2021, Barry Foundation generated $3.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 4 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 2020, Barry Foundation has awarded 579 individual grants totaling $2,952,172. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
PHILANTHROPY AND YOUTH (PAY) IS A PROGRAM THAT INTRODUCES HIGH SCHOOL STUDENTS TO PHILANTHROPY. IN 2021, 500 STUDENTS FROM 18 AREA HIGH SCHOOLS MADE 121 GRANTS TO 83 ORGANIZATIONS TOTALING $90,000.
THE PAY SUMMER INTERNSHIP PROGRAM PROVIDES SELECT PAY STUDENTS WITH A SUMMER INTERNSHIP AT A LOCAL NONPROFIT ORGANIZATION. THE PROGRAM HAS BEEN PAUSED DUE TO THE COVID PANDEMIC.
THE BARRY SCHOLARSHIP PROGRAM PROVIDES COLLEGE SCHOLARSHIPS TO INDIVIDUALS WHO HAVE BEEN INVOLVED IN THE PHILANTHROPY AND YOUTH PROGRAM. IN 2021, SCHOLARSHIPS WERE AWARDED FOR $270,800.
THE PAY FORWARD PROGRAM IS AN OPPORTUNITY FOR GRADUATED STUDENTS TO CONTINUE ENGAGEMENT WITH OUR PHILANTHROPY AND YOUTH (PAY) PROGRAM AND OTHER PHILANTHROPIC ENDEAVORS AFTER HIGH SCHOOL. IN 2021, PAY FORWARD GRANTS AND SCHOLARSHIPS TOTALING $7,000 WERE AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marty J Byers President, Ceo, Director & Secretary | 50 | $153,000 | |
Gail Bollinger Executive Director | 40 | $93,000 | |
B John Barry Chairman Emeritus | 5 | $0 | |
Dana R Johnson Vice Chair & Director | 15 | $0 | |
Pamela J Borgerding Vice Chair & Director | 5 | $0 | |
Thomas J Barry Chair, Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,481,062 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,285,940 |
| Capital Gain Net Income | $2,285,940 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,767,002 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $246,000 |
| Other employee salaries and wages | $173,328 |
| Pension plans, employee benefits | $22,649 |
| Interest | $0 |
| Taxes | $81,072 |
| Depreciation | $3,541 |
| Occupancy | $54,669 |
| Travel, conferences, and meetings | $11,211 |
| Printing and publications | $4,512 |
| Other expenses | $82,609 |
| Total operating and administrative expenses | $926,914 |
| Contributions, gifts, grants paid | $1,482,200 |
| Total expenses and disbursements | $2,409,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $362,056 |
| 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 | $10,756 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,883,831 |
| Net Land, buildings, and equipment | $3,298 |
| Other assets | $1,001,815 |
| Total assets | $54,820,620 |
| Accounts payable and accrued expenses | $47,703 |
| 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 | $10,033 |
| Total liabilities | $57,736 |
Grants Awarded
Over the last fiscal year, The Barry Foundation has awarded $1,482,200 in support to 315 organizations.
| Grant Recipient | Amount |
|---|---|
SANFORD FOUNDATION PURPOSE: HEALTH: ENDOWMENT - BUILDING TOMORROW TODAY CAMPAIGN | $166,000 |
YOUNG LIFE CASTAWAY CLUB PURPOSE: SPIRITUALITY: 2ND PHASE OF BUILDING CAMPAIGN | $150,000 |
NORTH DAKOTA STATE UNIVERSITY FOUNDATION AND ALUMNI ASSOCIATION PURPOSE: EDUCATION: PRESIDENT BRESCIANI ENDOWED CHAIR IN LEADERSHIP | $100,000 |
THE WINNIPEG FOUNDATION USA PURPOSE: EDUCATION: THE BARRY FOUNDATION HISTORY SCHOLARSHIP - CENTENNIAL INSTITUTE ENDOWMENT | $100,000 |
DETROIT LAKES COMMUNITY & CULTURAL CENTER PURPOSE: ARTS: HOLMES RENOVATION - BALLROOM & THEATRE | $80,000 |
JPII CATHOLIC SCHOOLS PURPOSE: EDUCATION: LOUISE S. BARRY SCHOLARSHIP ENDOWMENT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
F R Bigelow Foundation Trust 555 St Paul, MN | $202,026,485 | $23,166,449 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |
K A H R Foundation Minnetrista, MN | $0 | $2,779,843 |