Barron Family Foundation
- Assets
- $912.1k
- Revenue
- $107.3k
- Investments
- $537.9k
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 04/1981
- Data as of
- 11/2023
- EIN
- 38-2346776
Organization Overview
Barron Family Foundation is located in Bloomfield Hills, MI. The organization was established in 1981. 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. Barron 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 11/2023, Barron Family Foundation generated $107.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $140.4k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Barron Family Foundation has awarded 179 individual grants totaling $919,886. 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 |
|---|---|---|---|
Nora Lee Barron Trustee | 1 | $0 | |
Guy L Barron Trustee | 1 | $0 | |
Eric Barron Trustee | 1 | $0 | |
Marc Barron Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $281 |
| Dividends & Interest | $20,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,503 |
| Capital Gain Net Income | $66,503 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,023 |
| Total Revenue | $107,298 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,553 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,000 |
| Total operating and administrative expenses | $19,161 |
| Contributions, gifts, grants paid | $121,200 |
| Total expenses and disbursements | $140,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,095 |
| 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 | $248,458 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $312,105 |
| Total assets | $912,124 |
| 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, Barron Family Foundation has awarded $121,200 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: GIFT TO GENERAL FUND | $1,000 |
DESERT COMMUNITY FOUNDATION PURPOSE: THE VINTAGE CLUB EMPLOYEE SCHOLARSHIP FUND | $1,000 |
FRIENDSHIP CIRCLE PURPOSE: GIFT TO GENERAL FUND | $32,450 |
GOOD MEDICINE DEVELOPMENT PURPOSE: GIFT TO GENERAL FUND | $10,000 |
HARVARD CLUB OF NEW YORK CITY PURPOSE: SCHOLARSHIP PROGRAM & HISTORICAL FOUNDATION | $250 |
HIGH DESERT TEST SITES PURPOSE: BUS SPONSORSHIP | $2,500 |