The Bomar Foundation
- Assets
- $2.8m
- Revenue
- $590.1k
- Investments
- $2.2m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 09/2004
- Data as of
- 12/2022
- EIN
- 65-6425333
Organization Overview
The Bomar Foundation is located in Boca Raton, FL. The organization was established in 2004. 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. Bomar Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Bomar Foundation has awarded 197 individual grants totaling $912,148. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $87,389 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $502,689 |
| Capital Gain Net Income | $502,689 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $590,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,754 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $120,049 |
| Contributions, gifts, grants paid | $91,500 |
| Total expenses and disbursements | $211,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,629 |
| Savings and temporary cash investments | $617,070 |
| 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 | $2,829,277 |
| 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, The Bomar Foundation has awarded $91,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ADULTS & CHILDREN LEARNING DISABILITIES FOUNDATION PURPOSE: TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | $5,000 |
AMERICAN ASSOCIATION OF CAREGIVING YOUTH PURPOSE: TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | $5,000 |
BOCA RATON COMMUNITY HOSPITAL FOUNDATION PURPOSE: TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | $30,000 |
BOCA RATON POLICE DEPARTMENT PURPOSE: TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | $7,500 |
FAULK CENTER PURPOSE: TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | $5,000 |
CHIERA FOUNDATION PURPOSE: TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | $5,000 |