Babcock Ranch Foundation Inc
- Assets
- $1.5m
- Revenue
- $304.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 11/2016
- Data as of
- 12/2023
- EIN
- 81-3234159
Organization Overview
Babcock Ranch Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 2016. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Babcock Ranch Foundation Inc 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 12/2023, Babcock Ranch Foundation Inc generated $304.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $209.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Babcock Ranch Foundation Inc has awarded 25 individual grants totaling $189,057. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PASSIONATE ABOUT THE ISSUES THAT MOST PROFOUNDLY AFFECT AT-RISK CHILDREN, THE BABCOCK RANCH FOUNDATION PLANS BUILD ON THE RICH HERITAGE AND MANY OPPORTUNITIES IN ABUNDANCE IN OUR NEW TOWN AND AT THE BABCOCK RANCH PRESERVE. THROUGH BOTH PARTNERSHIPS AND NEW OPPORTUNITIES, WE HOPE TO HELP EDUCATE AND INSPIRE THE NEXT GENERATION OF FLORIDIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PASSIONATE ABOUT THE ISSUES THAT MOST PROFOUNDLY AFFECT AT-RISK CHILDREN, THE BABCOCK RANCH FOUNDATION PLANS BUILD ON THE RICH HERITAGE AND MANY OPPORTUNITIES IN ABUNDANCE IN OUR NEW TOWN AND AT THE BABCOCK RANCH PRESERVE. THROUGH BOTH PARTNERSHIPS AND NEW OPPORTUNITIES, WE HOPE TO HELP EDUCATE AND INSPIRE THE NEXT GENERATION OF FLORIDIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred Dougherty President | OfficerTrustee | 2 | $0 |
Tyler W Kitson Vice President | OfficerTrustee | 2 | $0 |
Patrice G Bishop Secretary | OfficerTrustee | 2 | $0 |
Julio E Morales Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,996 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,177 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $298,173 |
| Total Program Service Revenue | $0 |
| Investment income | $5,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,500 |
| 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 | $0 |
| Fees for services: Accounting | $18,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $200 |
| Advertising and promotion | $5,300 |
| Office expenses | $346 |
| Information technology | $7,891 |
| 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 | $0 |
| All other expenses | $110,000 |
| Total functional expenses | $209,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $568,420 |
| Savings and temporary cash investments | $205,930 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $650,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,944 |
| 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 | $1,508,044 |
| Accounts payable and accrued expenses | $73,777 |
| 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 | $73,777 |
| Net assets without donor restrictions | $1,228,337 |
| Net assets with donor restrictions | $205,930 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,508,044 |
Grants Awarded
Over the last fiscal year, Babcock Ranch Foundation Inc has awarded $60,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLOTTE COMMUNITY FOUNDATION INC PURPOSE: TO FUND THE BABCOCK RANCH FOUNDATION SCHOLARSHIP PROGRAM. | $50,000 |
BLESSINGS IN A BACKPACK PURPOSE: TO HELP CHILDREN AND FAMILIES WHO STRUGGLE WITH FOOD INSECURITIES. | $10,000 |