Baccash Family Foundation Inc
- Assets
- $6.5m
- Revenue
- $266.2k
- Investments
- $6.4m
- Employees
- 0
- Location
- Newport Coast, CA
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 26-4685202
Organization Overview
Baccash Family Foundation Inc is located in Newport Coast, CA. The organization was established in 2012. 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. Baccash 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 12/2023, Baccash Family Foundation Inc generated $266.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $171.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Baccash Family Foundation Inc has awarded 99 individual grants totaling $740,761. 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 |
|---|---|---|---|
Roland Ghazal Director | 5 | $0 | |
Claire Ghazal Director | 15 | $13,019 | |
Jacquette Ghazal Secretary | 5 | $0 | |
Alice Terlecky Vice President | 5 | $0 | |
Dale Williams Vice President | 5 | $0 | |
Michael Ghazal Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $77,873 |
| Dividends & Interest | $29,902 |
| Net Rental Income | $90,262 |
| Net Gain on Sale of Assets | $68,197 |
| Capital Gain Net Income | $68,197 |
| Net ST Capital Gain | $68,197 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $266,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,019 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,283 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,490 |
| Total operating and administrative expenses | $51,077 |
| Contributions, gifts, grants paid | $120,101 |
| Total expenses and disbursements | $171,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,869 |
| Savings and temporary cash investments | $66,423 |
| 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 | $2,990,540 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,472,328 |
| 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 | $856 |
| Total liabilities | $856 |
Grants Awarded
Over the last fiscal year, Baccash Family Foundation Inc has awarded $120,101 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CA MASONIC FOUNDATION PURPOSE: TO BUILD PEACE AND UNDERSTANDING THROUGH FRIENDSHIP, SERVICE AND SELF IMPROVEMENT. | $500 |
ALZHEIMERS FAMILY SENIOR CENTER PURPOSE: THE WORLD'S LEADING COLUNTARY HEALTH ORGANIZATION IN ALZHEIMER'S CARE, SUPPORT AND RESEARCH. | $25,350 |
LIVING WATER INTERNATIONAL PURPOSE: TO DEMONSTRATE THE LOVE OF GOD BY HELPING COMMUNITIES ACQUIRE DESPERATELY NEEDED CLEAN WATER. | $10,000 |
HONORING OUR PRECIOUS ELDERS HOPE PURPOSE: AN ORGANIZATION PROVIDING GENERAL SUPPORT. | $10,000 |
SEARCH DOG FOUNDATION PURPOSE: RESCUING AND RECRUITING DOGS AND PARTNERING THE WITH FIREFIGHTERS AND OTHER FIRST RESPONDERS TO FIND PEOPLE BURIED ALIVE IN THE WRECKAGE OF DISASTERS. | $20,000 |
MARIST BROTHERS PURPOSE: AN INTERNATIONAL RELIGIOUS COMMUNITY DEDICATED TO MAKING JESUS KNOWN AND LOVED THROUGH THE EDUCATION OF YOUNG PEOPLE, ESPECIALLY THOSE MOST NEGLECTED. | $5,000 |