Mark And Thuy Barnett Family Foundation
- Assets
- $1.0m
- Revenue
- $55.9k
- Investments
- $980.7k
- Employees
- 0
- Location
- Bellingham, WA
- Founding
- 05/2019
- Data as of
- 06/2023
- EIN
- 82-3768307
Organization Overview
Mark And Thuy Barnett Family Foundation is located in Bellingham, WA. The organization was established in 2019. 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. Mark And Thuy Barnett Family 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 06/2023, Mark And Thuy Barnett Family Foundation generated $55.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $266.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Barnett Trustee | 1 | $0 | |
Thuy Thanh Nguyen Barnett Aka Thuy Trustee | 2 | $0 | |
Raymond F Burghardt Trustee | 1 | $0 | |
Charles Barder Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,321 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,611 |
| Capital Gain Net Income | $29,611 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,932 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,318 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,729 |
| Contributions, gifts, grants paid | $249,764 |
| Total expenses and disbursements | $266,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,489 |
| 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 | $1,009,176 |
| 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, Mark And Thuy Barnett Family Foundation has awarded $249,764 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE DRAGON CHILDREN'S FOUNDATION USA PURPOSE: PROVIDE VIETNAMESE CHILDREN IN CRISIS WITH THE SERVICES THEY NEED TO MAKE POSITIVE LIFE CHANGES, ESCAPE FROM ABUSE AND EXPLOITATION, AND BENEFIT FROM EDUCATION, SHELTERR, AND PSYCHOLOGICAL SUPPORT. | $109,750 |
THE ASIA FOUNDATION PURPOSE: FUNDING OF THE BARNETT SCHOLARS IN VIETNAM PROGRAM FOR THE 2022-2023 ACADEMIC YEAR - A SCHOLARSHIP PROGRAM FOR DISADVANTAGED GIRLS IN VIETNAM. | $140,014 |