L R Bauman Foundation Inc
- Assets
- $16.5m
- Revenue
- $2.0m
- Investments
- $14.1m
- Employees
- 0
- Location
- Fairfield, NJ
- Founding
- 10/2014
- Data as of
- 06/2024
- EIN
- 47-1312674
Organization Overview
L R Bauman Foundation Inc is located in Fairfield, NJ. The organization was established in 2014. 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. L R Bauman 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 06/2024, L R Bauman Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $713.0k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Bauman Decd 32624 President | 40 | $141,667 | |
John Landrum Bryant President | 40 | $144,867 | |
Rev Msgr Kevin W Irwin Trustee | 0 | $0 | |
Rev Walter G Lewis Trustee | 0 | $0 | |
Lawrence Leaf Trustee | 0 | $0 | |
Milad S Bader Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $440,061 |
| Dividends & Interest | $527,933 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $757,267 |
| Capital Gain Net Income | $757,267 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $286,709 |
| Total Revenue | $2,011,970 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $286,534 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $72,595 |
| Interest | $0 |
| Taxes | $47,614 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,453 |
| Total operating and administrative expenses | $473,020 |
| Contributions, gifts, grants paid | $240,000 |
| Total expenses and disbursements | $713,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,458,059 |
| 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 | $1,343,020 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,538,470 |
| 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, L R Bauman Foundation Inc has awarded $3,830,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BIRD CONSERVANCY PURPOSE: SUSTAINING | $50,000 |
BRENNAN CENTER FOR JUSTICE PURPOSE: SUSTAINING | $250,000 |
GREENFAITH PURPOSE: SUSTAINING | $480,000 |
MONTEFIORE MEDICAL CENTER PURPOSE: SUSTAINING | $250,000 |
NATIONAL FISH AND WILDLIFE FOUNDATION PURPOSE: SUSTAINING | $100,000 |
TIDES FOUNDATION PURPOSE: SUSTAINING | $2,200,000 |