Joan & Milton Baxt Foundation Inc
- Assets
- $467.0k
- Revenue
- $36.2k
- Investments
- $436.1k
- Employees
- 0
- Location
- Hollywood, FL
- Founding
- 06/1999
- Data as of
- 05/2024
- EIN
- 52-2107158
Organization Overview
Joan & Milton Baxt Foundation Inc is located in Hollywood, FL. The organization was established in 1999. 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. Joan & Milton Baxt 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, Joan & Milton Baxt Foundation Inc generated $36.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $40.7k during the year ending 05/2024. While expenses have increased by 2.6% per year over the past 7 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 2017, Joan & Milton Baxt Foundation Inc has awarded 44 individual grants totaling $224,803. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Ziegler Mgr-Director | 5 | $0 | |
Jenifer Schermer Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,162 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,066 |
| Capital Gain Net Income | $19,066 |
| Net ST Capital Gain | $6,815 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $7,663 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $40,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,928 |
| Savings and temporary cash investments | $24,919 |
| 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 | $158,538 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $466,972 |
| 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, Joan & Milton Baxt Foundation Inc has awarded $33,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH ADOPTION FOSTER CARE PURPOSE: INDIGENT CHILD SUPPORT | $2,500 |
NOVA SOUTHEASTERN UNIVERSITY PURPOSE: ART SUPPORT & EDUCATION | $10,000 |
WALTERS ART MUSEUM PURPOSE: ART SUPPORT & EDUCATION | $5,000 |
MIDSHORE MEALS TIL MONDAY PURPOSE: PROVIDE HEALTHY FOOD TO CHILDREN FOR THE WEEKEND | $10,000 |
NO KID HUNGRY PURPOSE: WORKING TO FIGHT CHILDHOOD HUNGER IN USA | $2,500 |
ST PAULS LUTHERAN SCHOOL PURPOSE: EDUCATION OF CHILDREN WITH SPIRITUAL DEVELOPMENT | $1,000 |