Bay Branch Foundation
- Assets
- $966.6k
- Revenue
- $549.4k
- Investments
- $30.4k
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 07/1964
- Data as of
- 12/2022
- EIN
- 22-6054888
Organization Overview
Bay Branch Foundation is located in Boca Raton, FL. The organization was established in 1964. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bay Branch 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, Bay Branch Foundation generated $549.4k 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 (7.4%) each year. All expenses for the organization totaled $5.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bay Branch Foundation has awarded 187 individual grants totaling $27,083,949. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BAY BRANCH FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. THE PRIMARY ACTIVITY IS MAKING DONATIONS TO PRE-SELECTED CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana J Wold Trustee | 3 | $0 | |
Keith C Wold Jr Trustee | 2 | $0 | |
Donald E Baker Trustee | 3 | $0 | |
Elaine J Wold Director | 2 | $0 | |
Diana E Marszalek Bekmyrza Trustee | 3 | $0 | |
Andrea P Westergom Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,942 |
| Dividends & Interest | $547,454 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $549,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,891 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $36,791 |
| Contributions, gifts, grants paid | $5,610,899 |
| Total expenses and disbursements | $5,647,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $936,274 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $966,639 |
| 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, Bay Branch Foundation has awarded $5,610,899 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
Boca Raton, FL PURPOSE: TO FINANCE OPERATIONS OF DONEE ORGANIZATION, CAPITAL PROJECTS AND FUNDRAISING EVENTS | $5,172,852 |
ST PAUL LUTHERAN CHURCH PURPOSE: TO FINANCE OPERATIONS OF CHURCH AND SCHOOL. | $120,000 |
Boca Raton, FL PURPOSE: TO FINANCE OPERATIONS OF DONEE ORGANIZATION | $99,747 |
FAU FOUNDATION INC PURPOSE: TO FINANCE OPERATIONS OF DONEE ORGANIZATION | $33,000 |
ROTARY CLUB DOWNTOWN BOCA RATON FUND PURPOSE: TO FINANCE FUNDRAISING EVENT | $20,000 |
SPECIAL OPERATIONS WARRIOR FOUNDATION PURPOSE: TO FINANCE OPERATIONS OF DONEE ORGANIZATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |