Balda Family Foundation Inc
- Assets
- $909.6k
- Revenue
- $62.4k
- Investments
- $769.1k
- Employees
- 0
- Location
- Satellite Beach, FL
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 26-1548705
Organization Overview
Balda Family Foundation Inc is located in Satellite Beach, FL. The organization was established in 2008. 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. Balda Family 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 12/2022, Balda Family Foundation Inc generated $62.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $973.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Balda Family Foundation Inc has awarded 180 individual grants totaling $1,714,057. 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 |
|---|---|---|---|
Richard E Balda Vice Preside | 0 | $0 | |
Anthony J Balda Director | 0 | $0 | |
Daniel A Balda President | 0 | $0 | |
Kathy Mbalda Exec Dir/tre | 0 | $0 | |
Kyle Creedon Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,331 |
| Dividends & Interest | $46,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,961 |
| Capital Gain Net Income | $14,967 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,258 |
| Total operating and administrative expenses | $19,925 |
| Contributions, gifts, grants paid | $953,450 |
| Total expenses and disbursements | $973,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,776 |
| Savings and temporary cash investments | $116,709 |
| 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 | $909,562 |
| 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, Balda Family Foundation Inc has awarded $953,450 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CENTRAL FLORIDA PURPOSE: SCHOLARSHIPS | $3,500 |
UNIVERSITY OF FLORIDA PURPOSE: SCHOLARSHIPS | $11,000 |
FLORIDA INSTITUDE OF TECHNOLOGY PURPOSE: SCHOLARSHIPS | $7,500 |
UNIVERSITY OF WEST FLORIDA PURPOSE: SCHOLARSHIPS | $3,000 |
PRINCETON UNIVERSITY PURPOSE: SCHOLARSHIPS | $2,000 |
FLORIDA GULF COAST UNIVERSITY PURPOSE: SCHOLARSHIPS | $1,000 |