Barnett Foundation
- Assets
- $27.4k
- Revenue
- $80.5k
- Investments
- $25.6k
- Employees
- 0
- Location
- Greenwood, MS
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 63-1248965
Organization Overview
Barnett Foundation is located in Greenwood, MS. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Barnett 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, Barnett Foundation generated $80.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $93.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Barnett Foundation has awarded 25 individual grants totaling $787,750. 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 |
|---|---|---|---|
John M Ford Jr Trustee | 3 | $5,000 | |
Richard G Noble Trustee | 2 | $5,000 | |
W W Gresham Jr Trustee | 2 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $232 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $80,170 |
| Total Revenue | $80,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,224 |
| Total operating and administrative expenses | $23,243 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $93,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,781 |
| 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 | $25,084 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,365 |
| 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, Barnett Foundation has awarded $70,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANOLA EDUCATION FDN PURPOSE: EDUCATIONAL | $50,000 |
MDCC FOUNDATION PURPOSE: EDUCATIONAL | $10,000 |
Oxford, MS PURPOSE: EDUCATIONAL | $5,000 |
Mississippi State, MS PURPOSE: EDUCATIONAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oakwood Foundation Charitable Tr Tupelo, MS | $13,916,638 | $13,351,239 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
Marshall Legacy Foundation Metairie, LA | $37,157,594 | $21,197,543 |
Marshall Heritage Foundation Metairie, LA | $15,210,686 | $21,134,216 |
Arlene And Joseph Meraux Charitable Foundation Violet, LA | $95,291,949 | $9,307,858 |
Eleanor And J Hunter Flack Foundation Inc Elba, AL | $20,847,468 | $26,270,668 |
Stuller Family Foundation Lafayette, LA | $107,406,256 | $12,627,444 |
Msb Cockayne Fund Inc Nashville, TN | $29,612,737 | $3,554,460 |
Hugh Kaul Foundation Tr 09-12-89 25-6733-00-7 Birmingham, AL | $42,171,764 | $7,643,863 |
Maddox Foundation Hernando, MS | $8,883,124 | $1,526,980 |
Ferguson Family Baptist Missionary And Educational Fndn Ltd Arkadelphia, AR | $54,167,805 | $9,055,098 |
Mike And Gillian Goodrich Charitable Foundation Birmingham, AL | $99,344,720 | $8,200,320 |