Barnes Family Foundation
- Assets
- $18.8m
- Revenue
- $2.0m
- Investments
- $16.9m
- Employees
- 0
- Location
- Durham, NC
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 90-1031172
Organization Overview
Barnes Family Foundation is located in Durham, NC. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Barnes 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 12/2022, Barnes Family Foundation generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Barnes Family Foundation has awarded 181 individual grants totaling $3,030,600. 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 |
|---|---|---|---|
Marvin L Barnes President/treasurer | 3 | $0 | |
Matthew A Barnes Trustee | 2 | $0 | |
Marvin L Barnes Jr Vice President/ Secretary | 2 | $0 | |
Michael L Barnes Trustee | 2 | $0 | |
Marvin L Barnes III Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $383,955 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$386,411 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,997,544 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,107 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,660 |
| Total operating and administrative expenses | $97,088 |
| Contributions, gifts, grants paid | $1,019,000 |
| Total expenses and disbursements | $1,116,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,887,182 |
| 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 | $18,807,893 |
| 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, Barnes Family Foundation has awarded $1,019,000 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN EXCELLENCE FOUNDATION PURPOSE: GENERAL PURPOSE SUPPORT | $25,000 |
BEAUFORT HISTORICAL ASSOCIATION FOUNDATION PURPOSE: GENERAL PURPOSE SUPPORT | $10,000 |
AMERICAN COUNCIL OF TRUSTEES & ALUMNI PURPOSE: GENERAL PURPOSE SUPPORT | $55,000 |
BOYS & GIRLS CLUB PURPOSE: GENERAL PURPOSE SUPPORT | $10,000 |
CARING HOUSE INC PURPOSE: GENERAL PURPOSE SUPPORT | $5,000 |
CARTERET COUNTY FRIENDS OF THE LIBRARY PURPOSE: GENERAL PURPOSE SUPPORT | $10,000 |