Belle W Baruch Foundation
- Assets
- $19.2m
- Revenue
- $2.8m
- Investments
- $14.3m
- Employees
- 0
- Location
- Georgetown, SC
- Founding
- 12/1964
- Data as of
- 06/2024
- 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 06/2024, Belle W Baruch Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.7m during the year ending 06/2024. While expenses have increased by 8.3% 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
2024
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. 16,982 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 | $100,961 | |
Katherine Ann Close Member | 0.5 | $0 | |
Richard Lenoble Wilson Member | 0.5 | $0 | |
Whitney Powers Secretary | 0.5 | $0 | |
Claudius E Bud Watts IV Chairman | 1 | $0 | |
Halsey M Cook Jr Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $543,869 |
| Interest on Savings | $0 |
| Dividends & Interest | $351,626 |
| Net Rental Income | $62,198 |
| Net Gain on Sale of Assets | $1,287,356 |
| Capital Gain Net Income | $1,287,356 |
| Net ST Capital Gain | $1,287,356 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $568,090 |
| Total Revenue | $2,813,139 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,961 |
| Other employee salaries and wages | $568,582 |
| Pension plans, employee benefits | $5,192 |
| Interest | $0 |
| Taxes | $1,893 |
| Depreciation | $102,572 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $760,724 |
| Total operating and administrative expenses | $1,672,647 |
| Contributions, gifts, grants paid | $45,270 |
| Total expenses and disbursements | $1,717,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,683 |
| Savings and temporary cash investments | $998,870 |
| Net Accounts receivable | $37,718 |
| 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 | $27,797 |
| Prepaid expenses and deferred charges | $148,925 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,206,717 |
| Net Land, buildings, and equipment | $1,639,171 |
| Other assets | $1,965,246 |
| Total assets | $19,219,426 |
| Accounts payable and accrued expenses | $28,272 |
| Grants payable | $0 |
| Deferred revenue | $125,500 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $33,945 |
| Total liabilities | $187,717 |
Grants Awarded
Over the last fiscal year, Belle W Baruch Foundation has awarded $45,270 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMSON UNIVERSITY PURPOSE: FACILITIES PLANNING GRANT, RESEARCH SUPPLIES, AND LIGHTSEY VISITING SCHOLAR AWARD | $30,376 |
FRANCIS MARION UNIVERSITY PURPOSE: LIGHTSEY VISITING SCHOLAR AWARD | $2,500 |
SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES (SCICU) PURPOSE: FACULTY RESEARCH GRANT | $5,000 |
UNIVERSITY OF SOUTH CAROLINA UPSTATE FOUNDATION PURPOSE: LIGHTSEY VISITING SCHOLAR AWARD | $2,500 |
UNIVERSITY OF SOUTH CAROLINA PURPOSE: LIGHTSEY VISITING SCHOLAR AWARD | $4,894 |