Ballenisles Charties Foundation Inc
- Assets
- $150.5k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 03/2012
- Data as of
- 05/2024
- EIN
- 45-2653459
Organization Overview
Ballenisles Charties Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 2012. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ballenisles Charties Foundation 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 05/2024, Ballenisles Charties Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.4m during the year ending 05/2024. While expenses have increased by 13.7% per year over the past 4 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 2021, Ballenisles Charties Foundation Inc has awarded 220 individual grants totaling $4,503,463. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTRIBUTE TO CHARITABLE ORGANIZATIONS WHICH BENEFIT THE LOCAL COMMUNITY AND ITS CITIZENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONTRIBUTED GRANTS TO CHARITABLE ORGANIZATIONS IN PALM BEACH COUNTY, FLORIDA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chere Goldstein Vice President | OfficerTrustee | 15 | $0 |
Carl Ekstein Secretary | OfficerTrustee | 15 | $0 |
Jody Passov Vice President | OfficerTrustee | 15 | $0 |
Ken Horner Vice President And Treasurer | OfficerTrustee | 15 | $0 |
Mark Freeman President | OfficerTrustee | 25 | $0 |
Diane Brill Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,253,607 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,253,607 |
| Total Program Service Revenue | $0 |
| Investment income | $17,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,270,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,348,400 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $420 |
| Advertising and promotion | $0 |
| Office expenses | $5,707 |
| Information technology | $7,234 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,488 |
| All other expenses | $0 |
| Total functional expenses | $1,369,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,173 |
| Savings and temporary cash investments | $146,329 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $150,502 |
| Accounts payable and accrued expenses | $16 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16 |
| Net assets without donor restrictions | $150,486 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $150,502 |
Grants Awarded
Over the last fiscal year, Ballenisles Charties Foundation Inc has awarded $1,348,400 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT-A-FAMILY OF THE PALM BEACHES INC PURPOSE: SCHOOL READINESS KITS | $15,000 |
211 PALM BEACH TREASURE COAST PURPOSE: OPERATION OF 211 HELPLINE FOR FOUR DAYS | $25,000 |
AMERICAN ASSOCIATION OF CAREGIVING YOUTH PURPOSE: RESPIT CARE, RECREATIONAL ACTIVITIES AND STUDENT TUTORING | $20,000 |
ALZHEIMERS COMMUNITY CARE INC PURPOSE: NURSE NAVIGATOR AND ID LOCATOR SERVICES | $15,000 |
BACK TO BASICS PURPOSE: 3,000 SCHOOL OUTFITS, 285 SETS OF SNEAKERS, SOCKS, UNDERWEAR | $35,000 |
BEST FOOT FORWARD FOUNDATION INC PURPOSE: ACADEMIC & SAT/ACT PREP TUTORS, SUPPLIES AND ACTIVITIES | $10,000 |