The Bellis Blauvelt-Demarest Foundations Inc
- Assets
- $8.1m
- Revenue
- $1.4m
- Investments
- $5.9m
- Employees
- 0
- Location
- Bedminster, NJ
- Founding
- 11/1976
- Data as of
- 12/2022
- EIN
- 22-1999877
Organization Overview
The Bellis Blauvelt-Demarest Foundations Inc is located in Bedminster, NJ. The organization was established in 1976. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellis Blauvelt-Demarest Foundations 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 12/2022, Bellis Blauvelt-Demarest Foundations Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $949.6k during the year ending 12/2022. While expenses have increased by 5.8% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR THE HIRAM BLAUVELT ART MUSEUM AND THE DEMAREST HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James L Bellis Jr President/treasurer | 2 | $38,750 | |
Blair B Judson Trustee | 2 | $35,750 | |
Martha B Gregg Secretary | 2 | $35,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $200,446 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,164,241 |
| Capital Gain Net Income | $1,164,241 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,364,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,250 |
| Other employee salaries and wages | $56,930 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48,519 |
| Depreciation | $27,200 |
| Occupancy | $81,831 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $471,980 |
| Total operating and administrative expenses | $947,995 |
| Contributions, gifts, grants paid | $1,580 |
| Total expenses and disbursements | $949,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,119 |
| Savings and temporary cash investments | $383,326 |
| 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 | $25,000 |
| Net Land, buildings, and equipment | $351,723 |
| Other assets | $1,376,360 |
| Total assets | $8,072,393 |
| 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 Bellis Blauvelt-Demarest Foundations Inc has awarded $107,865 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS PROVIDED UPON REQUEST PURPOSE: UNRESTRICTED GENERAL USE | $7,865 |
BOROUGH OF NEW MILFORD PURPOSE: OLD BURIAL GROUND GIVEN TO TOWN FOR SAFEKEEPINGBOOK VALUE $0FMV $100,000DATE OF GIFT 7/3/2018 | $100,000 |