Skip to content
Nonprofiteer
← BARNET FOUNDATION TRUST INC

Form 990 for tax year 2022

Filed by BARNET FOUNDATION TRUST INC.

Totals

Total revenue
$40,622
Total expenses
$403,130
Contributions and grants received
$0
Grants paid
$375,202
Program service revenue
$0
Investment income
$40,622
Other revenue
$0
Total assets, end of year
$2,271,791
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,271,791
Program services expenses (Part IX)
$375,774
Management and general expenses
$27,356
Fundraising expenses
$0
Program service expenses (Part III)
$375,774

Program services were 93.2% 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.

  • 3 · Investment income

    total $43,097 · excluded $43,097

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

    securities $2,475

  • 7c · Gain or loss

    securities -$2,475

  • 7d · Net gain or loss

    total -$2,475 · excluded -$2,475

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $375,202 · program services $375,202

  • 11a · Fees: management

    total $27,356 · management and general $27,356

  • 24a · Other expenses: GRANT EXPENSE

    total $572 · program services $572

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $3,031,341 · end of year $2,271,791

  • 28 · Net assets with donor restrictions

    beginning of year $3,031,341 · end of year $2,271,791

Mission and programs · 2022

Mission

CHARITABLE AND PHILANTHROPIC ENDEAVORS IN SUPPORT OF AND IN CONJUNCTION WITH THE SPARTANBURG COUNTY FOUNDATION.

  • GRANTS TO SUPPORT PHILANTHROPIC ENDEAVORS IN SPARTANBURG COUNTY IN SUPPORT OF THE SPARTANBURG COUNTY FOUNDATION.

    Expenses $375,774 · Grants $375,202

As filed on the 2022 return.

Listed in Part VII

  • William Barnet III

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Valerie Barnet

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Katherine A Dunleavy

    VP

    Total calculated
    $0
    Hours/week
    1

  • John S McBride Jr

    VP

    Total calculated
    $0
    Hours/week
    1

  • Darlene Hemphill

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mary Rebecca Barnet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • D Byrd Miller III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349301500

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.