Babinski Foundation
- Assets
- $69.1m
- Revenue
- $9.6m
- Investments
- $1.4m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 27-3112628
Organization Overview
Babinski Foundation is located in Sioux Falls, SD. The organization was established in 2010. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Babinski 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 12/2021, Babinski Foundation generated $9.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (38.2%) each year. All expenses for the organization totaled $9.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Babinski Foundation has awarded 13 individual grants totaling $505,780. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ADOPTED OUT 1,087 ANIMALS IN 2022 AND RETURNED 102 ANIMALS TO THEIR OWNERS 2022.
THE FOUNDATION AWARDED $500,000 TO LEECH LAKE LEGACY TO ACTIVELY COLLABORATE IN THEIR JOINT ANIMAL WELFARE WORK BY PROVIDING SUPPORT TO MAKE IMPROVEMENTS TO EXISITING AREA ANIMAL SHELTER FACILITIES. LEECH LAKE LEGACY IS A 501(C)(3) PUBLIC CHARITY FOCUSED ON RESCUING ANIMALS ON THE LEECH LAKE RESERVATION. THE BABINSKI FOUNDATION IS ACTIVELY INVOLVED IN THE JOINT EFFORTS AND DECISIONS REGARDING THE USE OF THE FUNDS TO FURTHER THEIR CHARITABLE PURPOSE OF ANIMAL WELFARE.
THE FOUNDATION RESCUED AND PROVIDED MEDICAL CARE AND SHELTER TO 1,312 ANIMALS IN 2022.
THE FOUNDATION ACQUIRED A DYNAMAX LSATA 5 RV TO BE USED FOR ADOPTION EVENTS AT VARIOUS LOCATIONS. THE RV WILL GIVE EMPLOYEES A MOBILE OFFICE AREA AND GIVE THEM A PLACE TO STAY WHILE AT THE EVENTS. THE VEHICLE WILL ALSO BE USED TO HELP TRANSFER ANIMALS OVER LONG-DISTANCE AS PART OF OUR OUTREACH TO OUT-OF-STATE RESCUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Snyders President/director | 48 | $87,573 | |
Ryan Babinski V.p./director | 48 | $85,581 | |
Layne Drenth Treasurer/director | 48 | $150,250 | |
Gary Persian Secretary/director | 3 | $0 | |
Ned Ostenso Assistant Secretary | 1 | $0 | |
Dr Mary Olson Director | 1 | $600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Architecture | 12/30/20 | $65,000 |
Hillary Mcculloh | 12/30/20 | $53,136 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $64,261 |
| Interest on Savings | $28,838 |
| Dividends & Interest | $11,346 |
| Net Rental Income | $595,724 |
| Net Gain on Sale of Assets | $255,102 |
| Capital Gain Net Income | $255,139 |
| Net ST Capital Gain | $52 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $65,259 |
| Other Income | $190,841 |
| Total Revenue | $9,638,668 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $247,455 |
| Other employee salaries and wages | $1,881,227 |
| Pension plans, employee benefits | $300,520 |
| Interest | $38,810 |
| Taxes | $7,000 |
| Depreciation | $1,867,432 |
| Occupancy | $4,968,855 |
| Travel, conferences, and meetings | $36,475 |
| Printing and publications | $0 |
| Other expenses | $532,073 |
| Total operating and administrative expenses | $9,936,283 |
| Contributions, gifts, grants paid | $520 |
| Total expenses and disbursements | $9,936,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $833,382 |
| Savings and temporary cash investments | $2,322,289 |
| Net Accounts receivable | $73,732 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $50,255 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $15,142 |
| Prepaid expenses and deferred charges | $73,245 |
| Net Investments - land, buildings, equipment | $58,035,669 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,558 |
| Net Land, buildings, and equipment | $6,293,979 |
| Other assets | $0 |
| Total assets | $69,064,544 |
| Accounts payable and accrued expenses | $1,795,027 |
| Grants payable | $0 |
| Deferred revenue | $357,203 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,000,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,152,230 |
Grants Awarded
Over the last fiscal year, Babinski Foundation has awarded $500,520 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GAYLORD FIRE DEPARTMENT PURPOSE: DONATION | $20 |
SIOUX FALLS AREA HUMANE SOCIETY PURPOSE: DONATION | $500 |
LEECH LAKE LEGACY PURPOSE: TO SUPPORT UPDATES TO EXISTING ANIMAL SHELTER FACILITIES | $500,000 |