The@douglas S And Barbara J Barrett Family Foundation
- Assets
- $636.4k
- Revenue
- $89.4k
- Investments
- $598.5k
- Employees
- 0
- Location
- Mystic, CT
- Founding
- 03/2005
- Data as of
- 12/2023
- EIN
- 27-6020539
Organization Overview
The@douglas S And Barbara J Barrett Family Foundation is located in Mystic, CT. The organization was established in 2005. 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. The@douglas S And Barbara J Barrett Family 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 12/2023, The@douglas S And Barbara J Barrett Family Foundation generated $89.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $32.6k during the year ending 12/2023. While expenses have increased by 0.4% 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.
Since 2016, The@douglas S And Barbara J Barrett Family Foundation has awarded 163 individual grants totaling $236,207. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas S Barrett Trustee | 0 | $0 | |
Barbara J Barrett Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $196 |
| Dividends & Interest | $7,096 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,640 |
| Capital Gain Net Income | $78,640 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,511 |
| Total Revenue | $89,443 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $221 |
| Total operating and administrative expenses | $1,614 |
| Contributions, gifts, grants paid | $31,000 |
| Total expenses and disbursements | $32,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,933 |
| 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 | $636,444 |
| 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@douglas S And Barbara J Barrett Family Foundation has awarded $31,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE VISIONS PURPOSE: TO PROVIDE COLLEGE ADVICEAND ASSISTANCE TO LOWINCOME INDIVIDUALS | $2,000 |
FOUNDATION FOR LIFE PURPOSE: TO ASSISTPEOPLE IN NEED | $1,000 |
SMILE TRAIN INC PURPOSE: TO PROVIDE DENTAL CARE TO THE POOR | $1,000 |
HIGHER EDGE PURPOSE: TO ASSIST LOW-INCOMEAND HIGH-RISK STUDENTSWITH COLLEGE ADMISSIONS | $1,000 |
THE CHRIS COLLINS FOUNDATION INC PURPOSE: TO HEIGHTEN AWARENESS ANDEDUCATION ABOUT ANXIETYAND DEPRESSION | $2,000 |
WORK VESSELS FOR VETS PURPOSE: TO EQUIP RETURNING VETERANSWITH THE TOOLS TO STARTA BUSINESS OR CAREER | $2,500 |