Federal Bar Building Corp
- Assets
- $9.4m
- Revenue
- $812.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 05/1968
- Data as of
- 09/2021
- EIN
- 52-0806715
Organization Overview
Federal Bar Building Corp is located in Arlington, VA. The organization was established in 1968. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federal Bar Building Corp is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 09/2021, Federal Bar Building Corp generated $812.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.4% each year . All expenses for the organization totaled $1.5m during the year ending 09/2021. While expenses have increased by 30.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN AND OPERATE REAL ESTATE FOR THE BENEFIT OF OTHER NONPROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLD TITLE TO PROPERTY, COLLECT INCOME THEREFROM, AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES AND LESS REASONABLE AMOUNTS INVESTED FOR THE PURPOSE OF GROWTH AND INCOME WITH WHICH TO MEET THOSE EXPENSES, TO ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAXATION UNDER PROVISIONS OF SECTION 501(C) OF THE INTERNAL REVENUE CODE AS THE SAME MAY BE AMENDED OR REPLACED, OR CORRESPONDING PROVISIONS OF ANY SUBSEQUENT FEDERAL TAX LAW.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrienne Berry Vice President | OfficerTrustee | 0.25 | $0 |
Robert C Mueller President | OfficerTrustee | 0.5 | $0 |
Matthew B Moreland Secretary | OfficerTrustee | 0.25 | $0 |
James T Bland Jr Treasurer | OfficerTrustee | 0.25 | $0 |
Stacy King Executive Director | Officer | 2 | $0 |
Juanita B Sales Lee Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| 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 | $0 |
| Total Program Service Revenue | $60,000 |
| Investment income | $202,398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $550,285 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $812,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,142,433 |
| 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 | $28,000 |
| Fees for services: Legal | $13,185 |
| Fees for services: Accounting | $11,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,525 |
| Fees for services: Other | $8,312 |
| Advertising and promotion | $0 |
| Office expenses | $661 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,931 |
| Travel | $203 |
| 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 | $124,451 |
| Insurance | $3,049 |
| All other expenses | $0 |
| Total functional expenses | $1,465,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,458 |
| Savings and temporary cash investments | $0 |
| 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 | $40,216 |
| Net Land, buildings, and equipment | $3,222,177 |
| Investments—publicly traded securities | $5,130,660 |
| Investments—other securities | $1,014,356 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,433,867 |
| Accounts payable and accrued expenses | $0 |
| 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 | $31,715 |
| Total liabilities | $31,715 |
| Net assets without donor restrictions | $9,402,152 |
| 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 | $9,433,867 |
Grants Awarded
Over the last fiscal year, Federal Bar Building Corp has awarded $1,142,433 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: Distribution to beneficiary organization | $732,433 |
Arlington, VA PURPOSE: Distribution to beneficiary organization | $410,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
People Incorporated Of Virginia Abingdon, VA | $22,478,644 | $16,537,740 |
Community Ventures Corporation Inc Lexington, KY | $84,057,573 | $14,249,179 |
Heart Of America Foundation Washington, DC | $21,952,714 | $13,311,439 |
Waterfront Partnership Of Baltimore Inc Baltimore, MD | $10,304,693 | $15,904,703 |
N Street Village Inc Washington, DC | $31,040,838 | $11,867,277 |
Lake Monticello Owners Association Lake Monticello, VA | $27,325,227 | $9,680,580 |
Competitive Enterprise Institute Washington, DC | $5,463,449 | $7,758,776 |
Building Bridges Across The River Washington, DC | $56,784,233 | $13,914,024 |
Echelon Community Services Washington, DC | $2,480,354 | $6,411,075 |
Reinvestment Partners Durham, NC | $12,338,640 | $8,350,193 |
American Property Owners Alliance Washington, DC | $1,922,706 | $4,612,000 |
Sandhills Community Action Program Inc Southern Pines, NC | $2,226,446 | $4,141,015 |