Belle W Baruch Foundation
- Assets
- $17.5m
- Revenue
- $2.4m
- Investments
- $13.1m
- Employees
- 0
- Location
- Georgetown, SC
- Founding
- 12/1964
- Data as of
- 06/2022
- EIN
- 57-0564080
Organization Overview
Belle W Baruch Foundation is located in Georgetown, SC. The organization was established in 1964. 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. Belle W Baruch 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 06/2022, Belle W Baruch Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 7.2% 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
PROPERTY MANAGEMENT- EXPENSES INCURRED TO PRESERVE THE HISTORICAL BUILDINGS AND 17,500 ACRE RESEARCH RESERVE IN GEORGETOWN SC. EXPENSES INCLUDE FOREST MGMT., INS., PAYROLL, EQUIPMENT COST, UTILITIES, BUILDING MAINTENANCE, AND HISTORIC PRESERVATION.
VISITORS CENTER- EXPENSES INCURRED TO CONDUCT EDUCATIONAL PROGRAMS THROUGH THE CENTER. EXPENSES INCLUDE INS., PAYROLL, UTILITIES, BLDG., MAINTENANCE AND PROGRAM SUPPLIES. PROGRAMS AND EXHIBITS ON VARIOUS ENVIRONMENTAL, HISTORIC AND RESEARCH TOPICS FOR ALL AGE GROUPS. 10,289 INDIVIDUALS VISITED THE DISCOVERY CENTER DURING THE TAX YEAR.
RESEARCH- DIRECT FUNDING TO SUPPORT RESEARCH AND EDUCATION AT HOBCAW BARONY BY OTHER INSTITUTIONS OPERATING IN SOUTH CAROLINA. EXPENSES INCLUDE GRANTS MADE TO OTHER ORGANIZATIONS AS WELL AS EXPENSES INCURRED BY THE FOUNDATION TO SUPPORT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George K Chastain Executive Director/ceo | 40 | $88,846 | |
Sydney C Miller Director Of Developm | 40 | $87,282 | |
James L Bessinger Coordinator Of Maint | 40 | $58,740 | |
Zebulon D Quattlebaum Director Of Conserva | 40 | $49,396 | |
Richard M Camlin III Director Of Educatio | 40 | $49,256 | |
Patricia J Mishoe Horticulture Technic | 40 | $42,537 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $621,555 |
| Interest on Savings | $0 |
| Dividends & Interest | $230,243 |
| Net Rental Income | $86,817 |
| Net Gain on Sale of Assets | $1,120,289 |
| Capital Gain Net Income | $1,120,289 |
| Net ST Capital Gain | $1,119,789 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $387,416 |
| Total Revenue | $2,446,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $88,846 |
| Other employee salaries and wages | $505,651 |
| Pension plans, employee benefits | $4,442 |
| Interest | $0 |
| Taxes | $1,891 |
| Depreciation | $81,463 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $748,424 |
| Total operating and administrative expenses | $1,592,836 |
| Contributions, gifts, grants paid | $15,625 |
| Total expenses and disbursements | $1,608,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,755 |
| Savings and temporary cash investments | $699,414 |
| Net Accounts receivable | $38,692 |
| 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 | $27,706 |
| Prepaid expenses and deferred charges | $74,104 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,436,936 |
| Net Land, buildings, and equipment | $1,406,889 |
| Other assets | $1,996,352 |
| Total assets | $17,508,195 |
| Accounts payable and accrued expenses | $44,954 |
| Grants payable | $0 |
| Deferred revenue | $118,833 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $19,805 |
| Total liabilities | $183,592 |
Grants Awarded
Over the last fiscal year, Belle W Baruch Foundation has awarded $15,625 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMSON UNIVERSITY-BARUCH INSTITUTE PURPOSE: FACULTY RESEARCH GRANT | $10,625 |
SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES (SCICU) PURPOSE: FACULTY RESEARCH GRANT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Belle W Baruch Foundation has recieved totaling $81,500.
| Awarding Organization | Amount |
|---|---|
Eastern Carolina Communityfoundation Inc Florence, SC PURPOSE: CONSERVATION OF NATURAL AND CULTURAL RESOURCES AT THE SC COAST NEAR GEORGETOWN, SC | $50,000 |
Post & Courier Foundation Charleston, SC PURPOSE: ANNUAL OPERATING FUND | $15,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $6,000 |
Owen Family Foundation Inc Columbia, SC PURPOSE: UNRESTRICTED | $5,000 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $2,500 |
Eldred & Sarah Wooten Prince Ounda Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
The Merancas Foundation Inc Charlotte, NC | $181,742,490 | $364,669,812 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Cannon Foundation Inc Concord, NC | $297,494,035 | $30,471,430 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |