Aimee And Frank Batten Jr Foundation
- Assets
- $2.8m
- Revenue
- $129.0k
- Investments
- $2.7m
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 54-1879266
Organization Overview
Aimee And Frank Batten Jr Foundation is located in Norfolk, VA. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Aimee And Frank Batten Jr Foundation 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 12/2022, Aimee And Frank Batten Jr Foundation generated $129.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $417.7k during the year ending 12/2022. While expenses have increased by 18.4% per year over the past 4 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $190 |
| Dividends & Interest | $113,018 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $718 |
| Capital Gain Net Income | $718 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,092 |
| Total Revenue | $129,018 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,320 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $117,694 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $417,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,078 |
| Savings and temporary cash investments | $44,218 |
| 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 | $2,833,414 |
| 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, Aimee And Frank Batten Jr Foundation has awarded $300,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY CHURCH PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $100,000 |
THE NATURE CONSERVANCY PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $100,000 |
AMERICAN FORESTS PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $100,000 |