Ballantine Family Charitable Fund
- Assets
- $1.2m
- Revenue
- $418.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Durango, CO
- Founding
- 01/1959
- Data as of
- 12/2023
- EIN
- 84-6026270
Organization Overview
Ballantine Family Charitable Fund is located in Durango, CO. The organization was established in 1959. 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. Ballantine Family Charitable Fund 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, Ballantine Family Charitable Fund generated $418.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $398.7k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 7 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO DIRECT CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard G Ballantine President | 0 | $0 | |
Elizabeth Ballantine Vice Preside | 0 | $0 | |
Helen B Healy Treasurer | 0 | $0 | |
Christopher Ballantine Trustee | 0 | $0 | |
David Ballantine Secretary | 0 | $0 | |
Karen Sheek Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $815 |
| Dividends & Interest | $87,767 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $329,785 |
| Capital Gain Net Income | $329,785 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $418,367 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,354 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $155 |
| Other expenses | $473 |
| Total operating and administrative expenses | $34,010 |
| Contributions, gifts, grants paid | $364,725 |
| Total expenses and disbursements | $398,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,940 |
| 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 | $1,137,523 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,158,463 |
| 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 |