James Barry Robinson Home For Boys Trust
- Assets
- $52.4m
- Revenue
- $5.5m
- Investments
- $1.2m
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 09/1943
- Data as of
- 06/2022
- EIN
- 54-0594700
Organization Overview
James Barry Robinson Home For Boys Trust is located in Norfolk, VA. The organization was established in 1943. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James Barry Robinson Home For Boys Trust 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 06/2022, James Barry Robinson Home For Boys Trust generated $5.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST IS A TYPE II SUPPORTING ORGANIZATION.
Describe the Organization's Program Activity:
THE BARRY-ROBINSON CENTER OPERATES A RESIDENTIAL TREATMENT FACILITY FOR CHILDREN WHO ARE EXPERIENCING EMOTIONAL, BEHAVIORIAL, EDUCATIONAL, OR SOCIAL PROBLEMS. THE CENTER ALSO PROVIDES SUBSTANCE ABUSE TREATMENT SERVICES TO ADOLESCENTS AS WELL AS FOSTER CARE SERVICES AND FOSTER PARENT TRAINING. ADDITIONALLY, THE CENTER OFFERS AN AFTER SCHOOL AND SUMMER CAMP PROGRAM (NEXT STEP TO SUCCESS) FOR TEENS FROM NORFOLK MEETING FAMILY INCOME GUIDELINES WITH THE GOAL OF BREAKING THE CYCLE OF POVERTY.
BARRY-ROBINSON SCHOOLS OF NORFOLK, CONTROLLED BY THE TRUST & EXEMPT UNDER IRC SEC. 501, WAS INCORPORATED TO CONSTRUCT & OPERATE AN INDEPENDENT ROMAN CATHOLIC ELEMENTARY SCHOOL AND INCIDENTALLY PROVIDE TUITION AND CAPITAL ASSISTANCE TO THE OTHER CATHOLIC ELEMENTARY SCHOOLS IN NORFOLK, VA AND THE CATHOLIC HIGH SCHOOL SERVING THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles V Mcphillips Trustee | OfficerTrustee | 3 | $15,000 |
William A Prince Trustee | OfficerTrustee | 2.75 | $15,000 |
Donald F Price Trustee | Trustee | 0.5 | $15,000 |
Michael K Kerner Trustee | Trustee | 5 | $15,000 |
William C Eisenbeiss Trustee | Trustee | 0.4 | $10,350 |
Kevin M Sweeney Trustee | Trustee | 0.5 | $4,650 |
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 | $2,885,000 |
| Investment income | $639,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,151 |
| Net Gain/Loss on Asset Sales | $1,883,997 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,457,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,878,599 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $75,000 |
| 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 | $35,320 |
| Fees for services: Accounting | $40,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,456 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $196,946 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $476,129 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,793,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,809 |
| Savings and temporary cash investments | $1,146,249 |
| 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 | $19,225,992 |
| Investments—publicly traded securities | $30,138,137 |
| Investments—other securities | $1,218,719 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,331 |
| Total assets | $52,424,237 |
| Accounts payable and accrued expenses | $53,282 |
| Grants payable | $138,770 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,016,739 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $256,439 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,801 |
| Total liabilities | $5,469,031 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $46,955,206 |
| 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 | $52,424,237 |