Thomas B And Michael F Barnett Memorial Charitable Foundation
- Assets
- $825.7k
- Revenue
- $72.8k
- Investments
- $664.5k
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 63-6159417
Organization Overview
Thomas B And Michael F Barnett Memorial Charitable Foundation is located in Mobile, AL. The organization was established in 1991. 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. Thomas B And Michael F Barnett Memorial Charitable 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, Thomas B And Michael F Barnett Memorial Charitable Foundation generated $72.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $60.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Thomas B And Michael F Barnett Memorial Charitable Foundation has awarded 23 individual grants totaling $324,600. 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 |
|---|---|---|---|
Oakworth Capital Bank Trustee - May - December | 1 | $2,500 | |
Trustmark Bank Inc Trustee - January - May | 1 | $1,398 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,177 |
| Dividends & Interest | $15,692 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,927 |
| Capital Gain Net Income | $54,927 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,796 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,335 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $56 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,347 |
| Contributions, gifts, grants paid | $40,600 |
| Total expenses and disbursements | $60,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,149 |
| 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 | $464,545 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $120,000 |
| Total assets | $825,683 |
| 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, Thomas B And Michael F Barnett Memorial Charitable Foundation has awarded $40,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ST MICHAELS CATHOLIC SCHOOL PURPOSE: CHARITABLE DONATION | $20,600 |
L'ARCHE PURPOSE: CHARITABLE DONATION | $10,000 |
Elberta, AL PURPOSE: CHARITABLE DONATION | $5,000 |
ST MARYS HOME PURPOSE: CHARITABLE DONATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Lyndhurst Foundation Inc Chattanooga, TN | $133,731,560 | $17,356,041 |