Backus Family Foundation Inc
- Assets
- $460.5k
- Revenue
- $51.3k
- Investments
- $328.3k
- Employees
- 0
- Location
- Waunakee, WI
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 46-0513483
Organization Overview
Backus Family Foundation Inc is located in Waunakee, WI. The organization was established in 2004. 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. Backus Family 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 12/2023, Backus Family Foundation Inc generated $51.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $23.5k during the year ending 12/2023. While expenses have increased by 0.8% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BACKUS FAMILY FOUNDATION PROVIDES FUNDING TO SUPPORT EXEMPT ORGANIZATIONS. 38 GRANTS WERE AWARDED IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas A Backus President | 0.5 | $0 | |
Diana D Backus Vice President | 0.5 | $0 | |
Bret Backus Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,004 |
| Interest on Savings | $40 |
| Dividends & Interest | $10,270 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $136 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,792 |
| Total operating and administrative expenses | $12,238 |
| Contributions, gifts, grants paid | $11,247 |
| Total expenses and disbursements | $23,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,572 |
| Savings and temporary cash investments | $99,671 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $460,511 |
| 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, Backus Family Foundation Inc has awarded $11,247 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE DEFENDING FREEDOM PURPOSE: GENERAL SUPPORT | $102 |
ALTER-ATIONS INC PURPOSE: GENERAL SUPPORT | $200 |
ANGEL'S WISH PURPOSE: GENERAL SUPPORT | $206 |
ARIZONA BLEEDING DISORDERS PURPOSE: GENERAL SUPPORT | $250 |
BEST FRIENDS ANIMAL SOCIETY PURPOSE: GENERAL SUPPORT | $210 |
BIG BROTHERS AND BIG SISTERS OF DANE COUNTY PURPOSE: GENERAL SUPPORT | $206 |