The George E Babylon Jr And Ruth J Babylon Charitable Foundation Inc
- Assets
- $3.1m
- Revenue
- $357.7k
- Investments
- $3.0m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 30-0157394
Organization Overview
The George E Babylon Jr And Ruth J Babylon Charitable Foundation Inc is located in Baltimore, MD. The organization was established in 2003. 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. George E Babylon Jr And Ruth J Babylon Charitable 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 12/2021, George E Babylon Jr And Ruth J Babylon Charitable Foundation Inc generated $357.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $295.6k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 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 2014, George E Babylon Jr And Ruth J Babylon Charitable Foundation Inc has awarded 89 individual grants totaling $1,408,600. 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 |
|---|---|---|---|
Charles B Jones Member | 5 | $20,000 | |
Richard E Linder Member | 5 | $20,000 | |
H Mebane Turner Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $90,926 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $266,757 |
| Capital Gain Net Income | $266,757 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $357,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,836 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $105,627 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $295,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,427 |
| Savings and temporary cash investments | $0 |
| 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 | $3,109,607 |
| 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 | $272 |
| Total liabilities | $272 |
Grants Awarded
Over the last fiscal year, The George E Babylon Jr And Ruth J Babylon Charitable Foundation Inc has awarded $190,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CAMBRIDGE SCHOOL PURPOSE: MATCHING FUNDRAISING PROGRAM | $50,000 |
Baltimore, MD PURPOSE: GENERAL EDUCATION & COMMUNITY ARTS | $40,000 |
THE TIMOTHY FOUNDATION PURPOSE: GENERAL DONATION | $40,000 |
Baltimore, MD PURPOSE: EDUCATIONAL PROGRAMS | $20,000 |
BALTIMORE INTNL SEAFARERS CENTER PURPOSE: HEALTH & WELFARE OF INTNL SEAFARERS IN PORT OF BALTIMORE | $17,500 |
Falls Church, VA PURPOSE: MEDICAL AND EDUCATIONAL PROGRAMS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |