James M Barnett Jr Foundation
- Assets
- $6.5m
- Revenue
- $246.3k
- Investments
- $6.2m
- Employees
- 0
- Location
- Albany, GA
- Founding
- 10/2003
- Data as of
- 12/2023
- 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 12/2023, James M Barnett Jr Foundation generated $246.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $480.2k during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 8 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 119 individual grants totaling $2,587,705. 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 |
|---|---|---|---|
James E Reynolds Jr Director | 1 | $650 | |
J Huff Croxton Director | 1 | $2,100 | |
Helen Kirbo Director | 1 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29,777 |
| Dividends & Interest | $147,597 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,903 |
| Capital Gain Net Income | $68,903 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $246,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,050 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,336 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $812 |
| Total operating and administrative expenses | $156,331 |
| Contributions, gifts, grants paid | $323,910 |
| Total expenses and disbursements | $480,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,057 |
| 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 | $6,510,290 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $173,915 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,971 |
| Total liabilities | $178,886 |
Grants Awarded
Over the last fiscal year, James M Barnett Jr Foundation has awarded $323,910 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY CORALE PURPOSE: MUSIC EDUCATION | $2,500 |
ALBANY MUSEUM OF ART PURPOSE: VISUAL ARTS SUPPORT | $82,500 |
ALBANY SYMPHONY PURPOSE: MUSIC EDUCATION | $42,500 |
ANDREW COLLEGE PURPOSE: SCHOLARSHIPS | $12,000 |
ALBANY STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $12,000 |
BENJAMIN BROOKS PURPOSE: MUSIC EDUCATION | $1,000 |