Bmam Foundation Inc
- Assets
- $39.2k
- Revenue
- $42.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 35-2089228
Organization Overview
Bmam Foundation Inc is located in Indianapolis, IN. The organization was established in 2000. 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. Bmam 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, Bmam Foundation Inc generated $42.0k 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 (25.4%) each year. All expenses for the organization totaled $27.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (23.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Luginbill Pres Treas Director | 1 | $0 | |
Margaret A Luginbill Secretary Director | 1 | $0 | |
Anne C Frank Director | 0.1 | $0 | |
Michael R Luginbill Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $42,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24 |
| Total operating and administrative expenses | $378 |
| Contributions, gifts, grants paid | $26,625 |
| Total expenses and disbursements | $27,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,183 |
| 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 | $39,183 |
| 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, Bmam Foundation Inc has awarded $26,625 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Federal Way, WA PURPOSE: SUPPORT THE MISSION OF CHRISTIANS WORKING TO HELP COMMUNITIES LIFT THEMSELVES OUT OF POVERTY FOR GOOD | $7,925 |
GCC FOUNDATION PURPOSE: SUPPORT OF PROGRAM TO INSTILL HOPE DIGNITY AND SUSTAINABLE CHANGE FOR ALL PEOPLE BY SERVING WITH LOVE KINDNESS AND PRACTICAL HELP | $3,700 |
YOUNG LIFE PURPOSE: SUPPORT OF PROGRAM TO INTRODUCE ADOLESCENTS TO JESUS CHRIST AND HELP THEM GROW IN THEIR FAITH | $3,500 |
Chicago, IL PURPOSE: SUPPORT FOR GROUP WITH MISSION TO FEED THOSE WHO ARE HUNGRY IN AMERICA | $2,000 |
DREAM CENTER PURPOSE: SUPPORT PROGRAM TO PROVIDE A 24 HOUR LIVING CENTER WHERE RESIDENTS WORK THEIR WAY OUT OF POVERTY TO A LIFE OF PROSPERITY | $2,000 |
UNTO FORMERLY GLOBAL AID NETWORK PURPOSE: PROVIDE FOOD AND AGRICULTURE CLEAN WATER AND CRITICAL AID AS A WAY OF OPENING THE DOOR TO THE GOSPEL | $1,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
Conduit Foundation Chicago, IL | $3,365,161 | $7,119,515 |
Anahata Foundation Chicago, IL | $150,849,919 | $3,685,553 |
Melitta S And Joan M Pick Charitable Trust Milwaukee, WI | $69,688,567 | $15,533,257 |
Chicago Foundation For Women Chicago, IL | $20,116,109 | $10,062,657 |