Bd Foundation Inc
- Assets
- $28.5m
- Revenue
- $516.1k
- Investments
- $27.4m
- Employees
- 0
- Location
- Franklin Lakes, NJ
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 81-3501315
Organization Overview
Bd Foundation Inc is located in Franklin Lakes, NJ. The organization was established in 2017. 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. Bd 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 12/2022, Bd Foundation Inc generated $516.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $518.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bd Foundation Inc has awarded 30 individual grants totaling $4,941,000. 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 |
|---|---|---|---|
Jennifer Farrington Trustee, VP & Secy (thru 6/22) | 0.5 | $0 | |
Rochelle Fuhrmann Trustee, Treasurer (thru 6/22) | 0.5 | $0 | |
Sam Khichi Trustee | 0.1 | $0 | |
Betty Larson Trustee, President(thru 03/22) | 0.5 | $0 | |
Tom Polen Trustee, President | 0.5 | $0 | |
Roland Goette Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,160 |
| Interest on Savings | $0 |
| Dividends & Interest | $591,572 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$77,673 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $516,059 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,966 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,940 |
| Total operating and administrative expenses | $96,948 |
| Contributions, gifts, grants paid | $421,500 |
| Total expenses and disbursements | $518,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,474 |
| Savings and temporary cash investments | $985,773 |
| 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 | $4,054 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $43,517 |
| Total assets | $28,486,517 |
| Accounts payable and accrued expenses | $40,966 |
| Grants payable | $1,000,000 |
| 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 | $1,040,966 |
Grants Awarded
Over the last fiscal year, Bd Foundation Inc has awarded $1,521,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT HOPE PURPOSE: SUPPORT HUMANITARIAN AID FOR THE UKRAINE | $100,000 |
INTERNATIONAL MEDICAL CORPS PURPOSE: SUPPORT HUMANITARIAN AID FOR THE UKRAINE | $100,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: TO PROVIDE HUMANITARIAN AID RELIEF TO THOSE AFFECTED BY KANSAS FLOODS | $50,000 |
AMERICARES FOUNDATION INC PURPOSE: TO PROVIDE HUMANITARIAN AID RELIEF TO THOSE AFFECTED BY KANSAS FLOODS AND AID TO THOSE IN THE UKRAINE | $125,000 |
HEART TO HEART INTERNATIONAL INC PURPOSE: TO PROVIDE FUNDING FOR THE HAITI EARTHQUAKE RELIEF ("PROGRAM") | $20,000 |
PLANET WATER FOUNDATION PURPOSE: TO PROVIDE FUNDING FOR THE AQUABLOCK EMERGENCY RESPONSE PROGRAM - MEXICO ("PROGRAM") | $16,500 |