Barker Welfare Foundation
- Assets
- $93.2m
- Revenue
- $3.1m
- Investments
- $65.8m
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 06/1935
- Data as of
- 09/2023
- 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 09/2023, Barker Welfare Foundation generated $3.1m 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 (12.1%) each year. All expenses for the organization totaled $4.2m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Barker Welfare Foundation has awarded 1,281 individual grants totaling $17,811,164. 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
CONTINUE THE TRANSITION PROCESS STARTED IN JULY 2021.TITLE TO THE BARKER MANSION WAS SUBSEQUENTLY TRANSFERRED TO THE CITY IN ACCORDANCE WITH THE 1968 AGREEMENT. DURING JULY 2021, UNDER THE TERMS OF A TRANSFER AGREEMENT, THE CITY AND THE FOUNDATION AGREED THAT THE CITY SHALL TRANSFER ALL PROPERTY CONVEYED UNDER THE 1968 AGREEMENT TO A NEWLY FORMED LIMITED LIABILITY COMPANY KNOWN AS THE BARKER MANSION LLC (THE "LLC"). THE LLC WAS INCORPORATED IN THE STATE OF DELAWARE DURING JUNE 2021 AND THE FOUNDATION IS THE SOLE MEMBER OF THE LLC. THE AUTHORIZED PURPOSE OF THE LLC IS TO OWN, OPERATE AND PRESERVE THE BARKER MANSION FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE FOUNDATION MANAGES THE LLC, APPOINTS OFFICERS AND DIRECTORS AND IS ALLOCATED 100% OF THE NET INCOME OR NET LOSSES OF THE LLC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle H Moore President, Director | 1 | $0 | |
Alline Matheson 1st Vice President, Director | 1 | $0 | |
Frances B Hickox 2nd Vice President, Director | 1 | $0 | |
Betsy L Turner Treasurer, Director | 1 | $0 | |
Sarane R O'connor Secretary, Director | 1 | $0 | |
Susan M Demaio Asst. Secretary, Executive Director | 40 | $332,563 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patterson Belknap Webb & Tyler Llp | 9/29/23 | $147,608 |
Demasco Sena & Jahelka Llp | 9/29/23 | $54,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $164,056 |
| Interest on Savings | $86,222 |
| Dividends & Interest | $1,343,446 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,472,711 |
| Capital Gain Net Income | $1,472,711 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,120 |
| Total Revenue | $3,077,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $332,563 |
| Other employee salaries and wages | $381,908 |
| Pension plans, employee benefits | $174,280 |
| Interest | $0 |
| Taxes | $89,277 |
| Depreciation | $0 |
| Occupancy | $32,858 |
| Travel, conferences, and meetings | $119,788 |
| Printing and publications | $0 |
| Other expenses | $302,816 |
| Total operating and administrative expenses | $1,895,469 |
| Contributions, gifts, grants paid | $2,279,686 |
| Total expenses and disbursements | $4,175,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,716 |
| Savings and temporary cash investments | $1,260,954 |
| 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 | $1,814 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $39,540,879 |
| Net Land, buildings, and equipment | $8,653,008 |
| Other assets | $17,316,685 |
| Total assets | $93,200,855 |
| 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, Barker Welfare Foundation has awarded $3,185,186 in support to 268 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY FOR URBAN SCHOOL LEADERSHIP PURPOSE: FOR FINAL PAYMENT ON A PLEDGE OF $50,000.00 FOR GENERAL OPERATING SUPPORT. | $12,500 |
ACT OF CONNECTICUT INC (A CONTEMPORARY THEATRE OF CONNECTICUT) PURPOSE: FOR GENERAL OPERATING SUPPORT. | $1,500 |
A CONTEMPORARY THEATRE OF CONNETICUT (ACT) PURPOSE: FOR FIRST PAYMENT ON A PLEDGE OF $6,000 PAYABLE OVER 2 YEARS FOR GENERAL OPERATING SUPPORT. | $3,000 |
ALTERNATIVES INC PURPOSE: FOR FIRST PAYMENT ON A PLEDGE OF $25,000.00 PAYABLE OVER 2 YEARS FOR GENERAL OPERATING SUPPORT. | $12,500 |
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: FOR FINAL PAYMENT ON A PLEDGE OF $35,000.00 PAYABLE OVER 2 YEAR FOR THE EDUCATION PROGRAMS AT THE AMERICAN MUSEUM OF NATURAL HISTORY. | $17,500 |
ANN NORTION SCULPTURE GALLERY PURPOSE: FOR GENERAL OPERATING SUPPORT | $500 |