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Nonprofiteer
← JAMES BARRY ROBINSON HOME FOR BOYS TRUST

Form 990 for tax year 2023

Filed by JAMES BARRY ROBINSON HOME FOR BOYS TRUST.

Totals

Total revenue
$10,731,346
Total expenses
$5,047,015
Contributions and grants received
$4,500,000
Grants paid
$4,120,760
Program service revenue
$2,930,000
Investment income
$3,155,771
Other revenue
$145,575
Total assets, end of year
$71,059,080
Total liabilities, end of year
$3,835,102
Net assets or fund balances, end of year
$67,223,978
Program services expenses (Part IX)
$4,806,854
Management and general expenses
$240,161
Fundraising expenses
$0
Program service expenses (Part III)
$4,806,854

Program services were 95.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $4,500,000

  • 2a · Program service revenue: RENT FROM BRC & STPCS

    total $2,930,000 · related or exempt $2,930,000

  • 3 · Investment income

    total $1,011,391 · related or exempt $1,011,391

  • 6a · Gross rents

    real property $81,760

  • 6b · Less rental expenses

    real property $3,995

  • 6c · Rental income or loss

    real property $77,765

  • 6d · Net rental income or loss

    total $77,765 · related or exempt $77,765

  • 7a · Gross sales of assets other than inventory

    securities $8,199,253

  • 7b · Less cost or other basis and sales expenses

    securities $6,054,873

  • 7c · Gain or loss

    securities $2,144,380

  • 7d · Net gain or loss

    total $2,144,380 · related or exempt $2,144,380

  • 11a · Other revenue: HGI OPPORTUNITY FUND XII, LLC

    total $40,084 · related or exempt $4,514 · unrelated business $35,570

  • 11b · Other revenue: HGI MULTIFAMILY CREDIT SELECT FUN

    total $14,119 · related or exempt $7,314 · unrelated business $6,805

  • 11c · Other revenue: HGI OPPORTUNITY FUND XIV, LP

    total $8,964 · related or exempt $10,325 · unrelated business -$1,361

  • 11d · All other revenue

    total $4,643 · related or exempt $5,519 · unrelated business -$876

  • 11e · Other revenue, total

    $67,810

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,120,760 · program services $4,120,760

  • 5 · Compensation of officers, directors and key employees

    total $75,000 · management and general $75,000

  • 11b · Fees: legal

    total $26,243 · management and general $26,243

  • 11c · Fees: accounting

    total $39,595 · management and general $39,595

  • 11f · Fees: investment management

    total $86,197 · management and general $86,197

  • 20 · Interest

    total $140,660 · program services $140,660

  • 22 · Depreciation, depletion and amortization

    total $467,004 · program services $467,004

  • 24a · Other expenses: CORPORATE EVENTS

    total $72,697 · program services $72,697

  • 24b · Other expenses: UBIT TAXES PAID

    total $13,126 · management and general $13,126

  • 24c · Other expenses: MISCELLANEOUS

    total $3,883 · program services $3,883

  • 24d · Other expenses: BOND FEES

    total $1,850 · program services $1,850

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $833,292 · end of year $1,777,894

  • 2 · Savings and temporary cash investments

    beginning of year $4,079,579 · end of year $2,004,727

  • 3 · Pledges and grants receivable

    beginning of year $11,448 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $109,377

  • 10a · Land, buildings and equipment: cost or other basis

    $28,754,514

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,484,469

  • 10c · Land, buildings and equipment, net

    beginning of year $18,649,518 · end of year $18,270,045

  • 11 · Investments: publicly traded securities

    beginning of year $38,896,604 · end of year $41,175,725

  • 12 · Investments: other securities

    beginning of year $1,177,934 · end of year $1,461,338

  • 15 · Other assets

    beginning of year $36,582 · end of year $6,259,974

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,134 · end of year $44,735

  • 18 · Grants payable

    beginning of year $153,847 · end of year $181,070

  • 20 · Tax-exempt bond liabilities

    beginning of year $4,318,746 · end of year $3,595,351

  • 25 · Other liabilities

    beginning of year $8,952 · end of year $13,946

  • 29 · Capital stock, trust principal or current funds

    beginning of year $59,184,278 · end of year $67,223,978

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE TRUST IS A TYPE II SUPPORTING ORGANIZATION.

  • THE BARRY-ROBINSON CENTER OPERATES A RESIDENTIAL TREATMENT FACILITY FOR CHILDREN WHO ARE EXPERIENCING EMOTIONAL, BEHAVIORAL, EDUCATIONAL, OR SOCIAL PROBLEMS. THE CENTER ALSO PROVIDES SUBSTANCE ABUSE TREATMENT SERVICES TO ADOLESCENTS AS WELL AS FOSTER CARE SERVICES AND FOSTER PARENT TRAINING.

    Revenue $1,530,000

  • BARRY-ROBINSON SCHOOL OF NORFOLK, CONTROLLED BY THE TRUST & EXEMPT UNDER IRC SEC 501, WAS INCORPORATED TO CONSTRUCT AND OPERATE AN INDEPENDENT ROMAN CATHOLIC ELEMENTARY SCHOOL AND INCIDENTALLY PROVIDE TUITION AND CAPITAL ASSISTANCE TO THE OTHER CATHOLIC ELEMENTARY SCHOOLS IN NORFOLK, VA AND THE CATHOLIC HIGH SCHOOL SERVING THE AREA.

    Expenses $3,649,377 · Grants $2,963,283 · Revenue $1,400,000

  • NEXT STEP TO SUCCESS WAS INCORPORATED TO HELP YOUTH IN NORFOLK BUILD THE INDEPENDENT, RESILIENT CHARACTER THEY WILL NEED TO EARN SUCCESS AND ENJOY HAPPY, FULFILLING LIVES AS ADULTS. IT OFFERS AN AFTER SCHOOL AND SUMMER CAMP PROGRAM FOR YOUTH.

    Expenses $1,157,477 · Grants $1,157,477

As filed on the 2023 return.

Listed in Part VII

  • Michael K Kerner

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 5.5 related

  • Donald F Price

    VICE PRESIDENT

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 5.5 related

  • William A Prince

    TREASURER

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5 + 3.25 related

  • Charles V McPhillips

    PRESIDENT

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 15 related

  • Kevin M Sweeney

    SECRETARY

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 4 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
9 April 2025
IRS schema version
2023v6.0
Source object
202540999349300714

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