Dr Richard Barnett Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850862224 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Dr Richard Barnett Foundation Inc?

The Dr. Richard Barnett Foundation Inc, situated in New York City, is a nonprofit organization with a mission to empower local youth with significant potential yet limited financial resources. By offering scholarships and internship opportunities, the foundation seeks to support their higher education endeavors. Complementing this, the organization provides extensive educational, mental health, and mentorship programs to inspire these youth to pursue their dreams. Led by Dr. Dick Barnett, along with his teammates at A-List Education and social-emotional learning provider Robin, the foundation aims to equip the youth with the necessary resources and support for their success. With a small team of dedicated individuals, the Dr. Richard Barnett Foundation Inc is dedicated to making a transformative impact on New York City's youth.

Is Dr Richard Barnett Foundation Inc legitimate?

Dr Richard Barnett Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dr Richard Barnett Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $98,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Dr Richard Barnett Foundation Inc?

The Dr. Richard Barnett Foundation is a non-profit organization that aims to provide higher education scholarships and internship opportunities to motivated youth in New York City who have limited financial resources. The foundation accomplishes this goal through extensive educational, mental health, and mentorship programming. By inspiring these young individuals to pursue their dreams and equipping them with the necessary resources and support, the Dr. Richard Barnett Foundation empowers them to achieve their full potential.

Who is the CEO of Dr Richard Barnett Foundation Inc?

Stephen Baumley is the Executive Director of Dr Richard Barnett Foundation Inc.

What is the revenue of Dr Richard Barnett Foundation Inc?

Dr Richard Barnett Foundation Inc's revenue in 2022 was $552,261.

Who are the executives of Dr Richard Barnett Foundation Inc and what are their salaries?

The average compensation at Dr Richard Barnett Foundation Inc during 2022 was $98,000. There is 1 employee and 20 volunteers at Dr Richard Barnett Foundation Inc.


Here are 7 key members and their salaries:


Stephen Baumley (Executive Director)
  • Compensation: $75,000
  • Related: $0
  • Other: $0
Dr Richard Barnett (President)
  • Compensation: $23,000
  • Related: $0
  • Other: $0
Senator Bill Bradley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Depaolo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Schwartz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Jaffee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Farber (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Dr Richard Barnett Foundation Inc?

Dr Richard Barnett Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Dr Richard Barnett Foundation Inc

The Dr. Richard Barnett Foundation is a non-profit organization committed to empowering motivated New York City youth with significant potential but limited financial resources. Through extensive educational, mental health, and mentorship programming, the foundation strives to inspire these young individuals to pursue their dreams. By providing scholarships and internship opportunities, the Dr. Richard Barnett Foundation aims to equip these youth with the necessary resources and support needed to achieve their goals. The organization's mission is not merely about providing financial aid but also about fostering personal growth, mental well-being, and career development. The Dr. Richard Barnett Foundation is dedicated to empowering its beneficiaries, enabling them to chase their dreams and overcome the challenges that often come with limited financial resources.

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Impact




July, 2024

Dr. Richard Barnett Foundation Inc's impact can be seen in the transformation of motivated New York City youth with incredible potential but limited financial resources. By providing higher-education scholarships and internship opportunities, this organization is empowering young individuals to chase their dreams. Through extensive educational, mental health, and mentorship programs, Dr. Richard Barnett Foundation is not only inspiring youth but also giving them the resources and support needed to reach their goals. Through initiatives like college prep classes and unique workshops, led by experts both on and off the court, this foundation is breaking down traditional educational barriers and enabling experiential learning. The foundation's mission to support youth in pursuing their dreams and fulfilling their potential is making a meaningful impact in the lives of these individuals.




This information is meant to be a general summary of Dr Richard Barnett Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$552,261 (2022)
Expenses
$615,657 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $191
  • Gross Receipts: $646,016

Assets and Liabilities:

  • Total Assets: $49,582
  • Total Liabilities: $525
  • Net Assets: $49,057

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Organization Details

Founding Year

2021

Principal Officer

Stephen Baumley

Main Address

1333 BROADWAY 3RD FLOOR, NEW YORK, NY, 10018

NTEE Category

Code: T00 - Philanthropy

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