James M Barnett Jr Foundation
- Assets
- $5.8m
- Revenue
- $643.5k
- Investments
- $5.6m
- Employees
- 0
- Location
- Albany, GA
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 56-2360848
Organization Overview
James M Barnett Jr Foundation is located in Albany, GA. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 M Barnett 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 12/2021, James M Barnett Jr Foundation generated $643.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $480.1k during the year ending 12/2021. While expenses have increased by 1.0% 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 2016, James M Barnett Jr Foundation has awarded 106 individual grants totaling $2,176,590. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Kirbo Director | 1 | $800 | |
James E Reynolds Jr Director | 1 | $0 | |
J Huff Croxton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,517 |
| Dividends & Interest | $107,567 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $521,459 |
| Capital Gain Net Income | $521,459 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $643,543 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,858 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $279 |
| Total operating and administrative expenses | $151,759 |
| Contributions, gifts, grants paid | $328,340 |
| Total expenses and disbursements | $480,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,087 |
| Savings and temporary cash investments | $0 |
| 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 | $5,823,605 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $25,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $13,641 |
| Total liabilities | $38,641 |
Grants Awarded
Over the last fiscal year, James M Barnett Jr Foundation has awarded $328,340 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Albany, GA PURPOSE: PROVIDE EDUCATIONAL PROGRAMS | $122,540 |
ALBANY MUSEUM OF ART PURPOSE: VISUAL ARTS SUPPORT | $57,200 |
ALBANY SYMPHONY PURPOSE: MUSIC EDUCATION | $55,700 |
Cuthbert, GA PURPOSE: SCHOLARSHIPS | $15,000 |
UNIVERSITY OF CINCINNATI PURPOSE: SCHOLARSHIP | $14,000 |
THEATRE ALBANY PURPOSE: THEATRICAL PRODUCTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |