Babcock House Corp is located in Madison, WI. The organization was established in 2002. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Babcock House Corp 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 12/2021, Babcock House Corp generated $106.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $99.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE BABCOCK HOUSE PROVIDES AFFORDABLE LIVING TO 20-35STUDENTS WITH AGRICULTURAL AND LIFE SCIENCE MAJORS ANDPROVIDED SCHOLARSHIPS TO SIMILAR STUDENTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bailey Quam President | 1 | $0 | |
Bryan Rowntree Treasurer | 1 | $0 | |
Brian Bradley Past President | 1 | $0 | |
Jeff Liner Vice President | 1 | $0 | |
Max Shekenberg Secretary | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $772 |
Total Program Service Revenue | $105,243 |
Membership dues | $0 |
Investment income | $92 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $106,107 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $13,184 |
Salaries, other compensation, and employee benefits | $8,435 |
Professional fees and other payments to independent contractors | $1,075 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $990 |
Other expenses | $75,662 |
Total expenses | $99,346 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $229,444 |
Other assets | $0 |
Total assets | $481,250 |
Total liabilities | $15,713 |
Net assets or fund balances | $465,537 |
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