Richard E Bennett Foundation
- Assets
- $336.9k
- Revenue
- $47.0k
- Investments
- $336.9k
- Employees
- 0
- Location
- Jacksonville Beach, FL
- Founding
- 01/1994
- Data as of
- 12/2022
- EIN
- 38-3148814
Organization Overview
Richard E Bennett Foundation is located in Jacksonville Beach, FL. The organization was established in 1994. 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. Richard E Bennett 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 12/2022, Richard E Bennett Foundation generated $47.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $51.1k during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 6 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 2015, Richard E Bennett Foundation has awarded 67 individual grants totaling $183,887. 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 |
|---|---|---|---|
Richard Bennett II Trustee | 0 | $0 | |
Richard E Bennett Director | 0 | $0 | |
Richard E Bennett Officer | 0 | $0 | |
Christina Bennett Officer/director | 0 | $0 | |
Richard Bennett II Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $14,972 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,968 |
| Capital Gain Net Income | $31,968 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,089 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,741 |
| Contributions, gifts, grants paid | $48,361 |
| Total expenses and disbursements | $51,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| 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 | $15,400 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $336,879 |
| 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 | $20,656 |
| Total liabilities | $20,656 |
Grants Awarded
Over the last fiscal year, Richard E Bennett Foundation has awarded $48,361 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BEAM PURPOSE: GENERAL FUND | $2,000 |
MANHASSET COMMUNITY FUND PURPOSE: COMMUNITY PARK - DEVELOPMENT | $2,500 |
PKD OUTREACH FOUNDATION PURPOSE: GENERAL FUND | $1,000 |
FRIENDS OF TEACH FOR ITALY PURPOSE: GENERAL FUND | $1,500 |
GEORGETOWN UNIVERSITY PURPOSE: GENERAL FUND | $14,561 |
UNIVERSITY OF VIRGINIA PURPOSE: GENERAL FUNDGENERAL FUND | $500 |