DR RICHARD BARNETT FOUNDATION INC

EIN: 850862224 501(c)(3)

NEW YORK, NY

Total Revenue
$267,819
Total Expenses
$226,827
Total Assets
$24,469
Net Assets
$17,855
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
STEPHEN BAUMLEY
Tax Period
2025-01-01 to 2025-12-31

DR RICHARD BARNETT FOUNDATION INC, founded in 2021, is a small nonprofit that reported $268K in total revenue in fiscal year 2025. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $41K, a strong 15% operating margin.

Mission

THE DR. RICHARD BARNETT FOUNDATION IS A NON-PROFIT ORGANIZATION WHOSE GOAL IS TO PROVIDE HIGHER-EDUCATION SCHOLARSHIPS AND INTERNSHIP OPPORTUNITIES TO MOTIVATED NEW YORK CITY YOUTH WITH INCREDIBLE POTENTIAL BUT LIMITED FINANCIAL RESOURCES. THROUGH EXTENSIVE EDUCATIONAL, MENTAL HEALTH, AND MENTORSHIP PROGRAMMING, THE DRBF STRIVES TO INSPIRE OUR YOUTH TO CHASE THEIR DREAMS AND TO EMPOWER THEM WITH THE RESOURCES AND SUPPORT THEY NEED TO GET THERE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $139,910
Program Service Revenue $0
Investment Income $138
Other Revenue $127,771
TOTAL REVENUE $267,819

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,501
Fundraising Expenses $0
Program Expenses $159,389
Other Expenses $142,326
TOTAL EXPENSES $226,827

Year-over-Year Comparison

2025 2024 Change
Revenue $267,819 $222,802 +0.2%
Expenses $226,827 $249,653 -0.1%
Net Income $40,992 $-26,851 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
1
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
7
$30,850
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN BAUMLEY EXECUTIVE DIRECTOR 50.00
Director
$27,850 $0 $27,850
SENATOR BILL BRADLEY BOARD MEMBER 0.00
Director
$0 $0 $0
JOE DEPAOLO BOARD MEMBER 0.00
Director
$0 $0 $0
SCOTT FARBER BOARD MEMBER 0.00
Director
$0 $0 $0
DAVID JORDAN JR BOARD MEMBER 0.00
Director
$0 $0 $0
ANDREW CORRADO BOARD MEMBER 0.00
Director
$0 $0 $0
DR RICHARD BARNETT PRESIDENT 2.00
Director
$3,000 $0 $3,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $267,819 $226,827 $24,469 $40,992
2024 No data No data No data No data
2023 $233,577 $278,922 $26,578 $-45,345
2023 $233,277 $278,620 $26,580 $-45,343
2022 $552,261 $615,657 $49,582 $-63,396
2022 $569,761 $633,157 $49,582 $-63,396
2021 $217,109 $104,656 $112,567 $112,453
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