Baymeath Art Trust
- Assets
- $2.5m
- Revenue
- $57.5k
- Investments
- $505.5k
- Employees
- 0
- Location
- Chestertown, MD
- Founding
- 02/2007
- Data as of
- 06/2023
- EIN
- 20-7186937
Organization Overview
Baymeath Art Trust is located in Chestertown, MD. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Baymeath Art Trust 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 06/2023, Baymeath Art Trust generated $57.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $5.3k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (25.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,374 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,133 |
| Capital Gain Net Income | $51,133 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,507 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,296 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $5,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,323 |
| Savings and temporary cash investments | $74,416 |
| 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 | $483,748 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,965,741 |
| Total assets | $2,546,947 |
| 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, Baymeath Art Trust has awarded $24,806 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MASTER DRAWINGS ASSOCIATION PURPOSE: GENERAL | $8,000 |
THE MORGAN LIBRARY AND MUSEUM PURPOSE: GENERAL | $16,806 |