Ben Blanchard Memorial Foundation
- Assets
- $206.8k
- Revenue
- $112.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 81-2344779
Organization Overview
Ben Blanchard Memorial Foundation is located in Metairie, LA. The organization was established in 2016. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ben Blanchard Memorial 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, Ben Blanchard Memorial Foundation generated $112.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $481.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BENJAMIN BLANCHARD MEMORIAL FOUNDATION KEEPS ALIVE BEN'S SPIRIT OF LOVE FOR COMMUNITY AND ENCOURAGING OTHERS THROUGH SCHOOL LEADERSHIP, EDUCATIONAL PROGRAMS, AND SCHOLARSHIPS; AS WELL AS SUPPORTING CANCER SERVICES IN THE GREATER NEW ORLEANS AND COVINGTON AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEN'S SCHOLARS IS A MULTICULTURAL AND SOCIAL PROGRAM GEARED TO STIMULATE CURRENT MIDDLE SCHOOL STUDENTS WITH ACADEMIC AND LEADERSHIP APTITUDE AT SUCCESS PREPARATORY ACADEMY. THESE STUDENTS ARE SELECTED FOR ADDITIONAL AFTER SCHOOL LEARNING OPPORTUNITIES INCLUDING FIELD TRIPS, GUEST SPEAKERS AS WELL AS ONE-ON-ONE MENTORING BY SUSAN BLANCHARD.
SUPPORTING CANCER SERVICES IN THE GREATER NEW ORLEANS AND COVINGTON AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Blanchard Treasurer | OfficerTrustee | 5 | $0 |
Kelly Lebato Secretary | OfficerTrustee | 5 | $0 |
Christopher Blanchard President | OfficerTrustee | 5 | $0 |
John Alford Director | Trustee | 0 | $0 |
Craig Bernick Director | Trustee | 0 | $0 |
Louie Layrisson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,897 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,897 |
| Total Program Service Revenue | $0 |
| Investment income | $15,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $66,815 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $475,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $285 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,333 |
| Fees for services: Other | $0 |
| Advertising and promotion | $560 |
| Office expenses | $698 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,170 |
| All other expenses | $0 |
| Total functional expenses | $481,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,380 |
| Savings and temporary cash investments | $175,387 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $206,767 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $206,767 |
| Total liabilities and net assets/fund balances | $206,767 |
Grants Awarded
Over the last fiscal year, Ben Blanchard Memorial Foundation has awarded $48,028 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MARY BIRD PERKINS CANCER CENTER PURPOSE: DIRECT PATIENT CARE SERVICES IN THE SPIRIT OF CARING AND SUPPORTING OTHERS IN THEIR FIGHT AGAINST CANCER | $25,000 |
New Orleans, LA PURPOSE: TO FUND THE BAND PROGRAM SO EVERY STUDENT HAS AN INSTRUMENT TO PLAY | $23,028 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ben Blanchard Memorial Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Carol Lavin Bernick Family Foundation Chicago, IL PURPOSE: GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |