Balam Foundation Incorporated
- Assets
- $101.3k
- Revenue
- $359.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Miami, FL
- Founding
- Data as of
- 12/2023
- EIN
- 86-1253093
Organization Overview
Balam Foundation Incorporated is located in Miami, FL. According to its NTEE Classification (D30) the organization is classified as: Wildlife Preservation & Protection, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Balam Foundation Incorporated 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, Balam Foundation Incorporated generated $359.0k in total revenue. All expenses for the organization totaled $358.7k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AIMS TO IMPROVE THE WELL-BEING OF ANIMALS, ESPECIALLY CATS. PROVIDES TRAP/NEUTER/RELEASE PROGRAMS, STERILIZATION CLINICS, VETERINARY CARE, BOARDING CARE, AND ADOPTION SERVICES, INCLUDING TRANSPORTATION TO NEW HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANIMAL CARE AND FOSTERING: ANIMALS ARE RESCUED, REHABILITATED, AND CARED FOR UNTIL SUITABLE FAMILIES CAN BE FOUND, OR ANIMALS CAN BE STERLIZED AND RELEASED.
VETERINARY CARE: CARE IS PROVIDED TO IMPOVERISHED FAMILIES NEEDING HELP FOR THEIR ANIMALS AND ALSO FOR FERAL ANIMALS WHICH ARE TRAPPED.
STERILIZATIONS. 2921 ANIMALS TOTAL (748 DOGS, 2173 CATS) THROUGH COMMUNITY EVENTS AND DEDICATED TRAPE/NEUTER/RELEASE PROGRAMS. CATS WHICH ARE RELEASED PROVIDE FREE RODENT CONTROL FOR THE COMMUNITY. IN ADDITION TO FERAL CATS, THE BALAM FOUNDATION ASSISTS IMPOVERISHED FAMILIES WITH STERILIZATIONS OF THEIR DOGS AND CATS.
ADOPTIONS: DURING 2023, 144 DOGS AND CATS WERE FOSTERED UNTIL SUITABLE ADOPTIVE OWNERS COULD BE FOUND IN THE USA AND CANADA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phaedra A Barratt President | 35 | $5,000 | |
Peter Barratt Vice President | 0 | $0 | |
Isabelle Barratt Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,675 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $357,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $358,994 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $358,994 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,742 |
| Compensation of current officers, directors, key employees. | $48,742 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,129 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,903 |
| Advertising and promotion | $55 |
| Office expenses | $185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170 |
| 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 | $3,231 |
| Insurance | $1,085 |
| All other expenses | $224,484 |
| Total functional expenses | $358,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,899 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,396 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $101,295 |
| Accounts payable and accrued expenses | $0 |
| 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 | $967 |
| Total liabilities | $967 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $82,899 |
| Paid-in or capital surplus, or land, building, or equipment fund | $17,396 |
| Retained earnings, endowment, accumulated income, or other funds | $33 |
| Total liabilities and net assets/fund balances | $101,295 |