Barker Welfare Foundation
- Assets
- $105.9m
- Revenue
- $24.5m
- Investments
- $85.9m
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 06/1935
- Data as of
- 09/2021
- EIN
- 36-6018526
Organization Overview
Barker Welfare Foundation is located in Palm Beach Gardens, FL. The organization was established in 1935. 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. Barker Welfare 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 09/2021, Barker Welfare Foundation generated $24.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 49.7% each year . All expenses for the organization totaled $6.1m during the year ending 09/2021. While expenses have increased by 13.5% per year over the past 3 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 2020, Barker Welfare Foundation has awarded 1,146 individual grants totaling $15,884,461. 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 |
|---|---|---|---|
Susan M Demaio Asst. Secretary, Executive Director | 40 | $222,113 | |
Sarane H Ross President Emerita & Director | 35 | $118,640 | |
Danielle H Moore 1st Vice President, Director | 1 | $0 | |
Alline Matheson 2nd Vice President, Director | 1 | $0 | |
Alexander B Ross President, Director | 1 | $0 | |
Frances B Hickox Secretary, Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiduciary Management Inc | 9/29/21 | $63,585 |
Clearbridge Investments Llc | 9/29/21 | $66,019 |
Patterson Belknap Webb & Tyler Llp | 9/29/21 | $148,591 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,228,926 |
| Interest on Savings | $425 |
| Dividends & Interest | $1,157,024 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,160,137 |
| Capital Gain Net Income | $8,160,137 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,546,512 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $340,753 |
| Other employee salaries and wages | $123,039 |
| Pension plans, employee benefits | $96,818 |
| Interest | $0 |
| Taxes | $129,887 |
| Depreciation | $0 |
| Occupancy | $24,914 |
| Travel, conferences, and meetings | $10,539 |
| Printing and publications | $0 |
| Other expenses | $100,998 |
| Total operating and administrative expenses | $1,304,004 |
| Contributions, gifts, grants paid | $4,763,561 |
| Total expenses and disbursements | $6,067,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,831 |
| Savings and temporary cash investments | $2,641,180 |
| 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 | $45,338,639 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $17,313,858 |
| Total assets | $105,939,654 |
| 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 | $56,816 |
| Total liabilities | $56,816 |
Grants Awarded
Over the last fiscal year, Barker Welfare Foundation has awarded $5,847,561 in support to 304 organizations.
| Grant Recipient | Amount |
|---|---|
Michigan City, IN PURPOSE: GRANTS FOR RESTORATION AND OPERATING OF BARKER MANSION | $1,837,734 |
New York, NY PURPOSE: FOR SECOND PAYMENT ON A PLEDGE OF $180,000.00 PAYABLE OVER 3 YEARS FOR HD LIVE IN NYC SCHOOLS. | $60,000 |
New York, NY PURPOSE: FOR FIRST PAYMENT ON A PLEDGE OF $180,000.00 PAYABLE OVER 3 YEARS FOR HD LIVE IN NYC SCHOOLS. | $60,000 |
New York, NY PURPOSE: FOR FINAL PAYMENT ON A PLEDGE OF $180,000.00 PAYABLE OVER 3 YEARS FOR HD LIVE IN NYC SCHOOLS. | $60,000 |
Chicago, IL PURPOSE: FOR FIRST PAYMENT ON A PLEDGE OF $150,000.00 PAYABLE OVER 3 YEARS FOR THE FIELD FORWARD CHALLENGE $2 FOR $1 MATCH BY FIELD TRUSTEES. | $50,000 |
Chicago, IL PURPOSE: FOR FINAL PAYMENT ON A PLEDGE OF $150,000.00 PAYABLE OVER 3 YEARS FOR THE FIELD FORWARD CHALLENGE $2 FOR $1 MATCH BY FIELD TRUSTEES. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |