Barsan Foundation
- Assets
- $1.1k
- Revenue
- $13.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Marshfield, WI
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-4691585
Organization Overview
Barsan Foundation is located in Marshfield, WI. The organization was established in 2017. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Barsan 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, Barsan Foundation generated $13.0k in total revenue. All expenses for the organization totaled $13.2k during the year ending 12/2021. While expenses have increased by 34.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE SENT TO THE PETRAS FOUNDATION IN SIBIU, ROMANIA WHICH CONDUCTS CHARITABLE WORKS VIA THEIR EMANUAL PENTECOSTAL CHURCH. THE "SUMMER CAMP" PROJECT HAD 36 CHILDREN (AGE 7-13 YEARS) ATTEND A WEEKLONG CAMP. ACTIVITIES INCLUDED PRACTICING BASIC HYGIENE, EATING NUTRITIOUS MEALS, LEARNING HOW TO BE COURTEOUS AND POLITE, PLAY OUTDOOR GAMES, GETTING EXERCISE AND CREATING CRAFT ITEMS.
FUNDS WERE SENT TO THE PETRAS FOUNDATION IN SIBIU, ROMANIA WHICH CONDUCTS CHARITABLE WORKS VIA THEIR EMANUAL PENTECOSTAL CHURCH. THE "SCHOOL BAGS" PROJECT PROVIDED 100 SCHOOL BAGS FILLED WITH SCHOOL SUPPLIES AND SNACKS FOR KINDERGARTEN AND ELEMENTARY SCHOOL CHILDREN.
FUNDS WERE SENT TO THE PETRAS FOUNDATION IN SIBIU, ROMANIA WHICH CONDUCTS CHARITABLE WORKS VIA THEIR EMANUAL PENTECOSTAL CHURCH. THE ANNUAL "RAYS OF HOPE" PROJECT PROVIDED HOLIDAY PACKAGES OF WOOD (FUEL), FOOD, CLOTHING AND A FEW CHILDREN'S TOYS TO MORE THAN 50 FAMILIES JUST PRIOR TO CHRISTMAS 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vasile Barsan Sr Vice Pres | 0.2 | $0 | |
Filip Barsan President | 0.5 | $0 | |
Petru Morosan Director | 0.5 | $0 | |
Barbara Lee Secretary/tr | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,008 |
| Interest on Savings | $15 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,970 |
| Total operating and administrative expenses | $1,970 |
| Contributions, gifts, grants paid | $11,200 |
| Total expenses and disbursements | $13,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,122 |
| Savings and temporary cash investments | $0 |
| 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 | $1,122 |
| 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 |
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