Banfield Inc
- Assets
- $204.9k
- Revenue
- $22.0k
- Investments
- $189.5k
- Employees
- 0
- Location
- Marenisco, MI
- Founding
- 10/1992
- Data as of
- 06/2023
- EIN
- 38-3054903
Organization Overview
Banfield Inc is located in Marenisco, MI. The organization was established in 1992. 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. Banfield 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 06/2023, Banfield Inc generated $22.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $26.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Banfield Inc has awarded 97 individual grants totaling $135,609. 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 |
|---|---|---|---|
David Rowe Director | 0.01 | $0 | |
Ellen Metko Director | 0.01 | $0 | |
Brian Tarro President | 0.01 | $0 | |
Kathryn Johnson Secretary | 0.01 | $0 | |
James Mildren Director | 0.01 | $0 | |
Eric Haukkala Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,885 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,788 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,340 |
| Capital Gain Net Income | $14,340 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,013 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $191 |
| Total operating and administrative expenses | $5,245 |
| Contributions, gifts, grants paid | $21,000 |
| Total expenses and disbursements | $26,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,809 |
| 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 | $601 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $204,896 |
| 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, Banfield Inc has awarded $23,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ST VINCENT DE PAUL PURPOSE: EMERGENCY FUNDFOOD PANTRY | $1,500 |
DOMESTIC VIOLENCE ESCAPE DOVE INC PURPOSE: DOMESTIC VIOLENCE SHELTER | $1,000 |
IRONWOOD CARNEGIE LIBRARY PURPOSE: EDUCATIONAL | $1,000 |
IRONWOOD THEATRE PURPOSE: CULTURAL EVENTS | $1,000 |
HOPE ANIMAL SHELTER PURPOSE: ANIMAL SHELTER | $1,000 |
DOWNTOWN ART PLACE PURPOSE: ARTS | $1,000 |