DR RICHARD BARNETT FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

DR RICHARD BARNETT FOUNDATION INC

EIN 85-0862224

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

59.51%of revenue went to mission work70.3% of expenses · Program services

$84.69spent for every $100 of revenueRevenue covered expenses this year.

25.18%of revenue went to management and office costs29.7% of expenses

$0.11in assets for every $1 spent this yearSome assets cannot be spent right away.

52.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $27,850 for STEPHEN BAUMLEY (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$267,819

Mission workProgram services$159,38959.51% of revenue70.3% of expenses

ManagementOffice and general costs$67,43825.18% of revenue29.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$40,99215.31% of revenueShown in gray on the chart

Total expenses$226,82784.69% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2025CurrentExpense mix: 70.3% mission · 29.7% management · 0.0% fundraisingTotal expenses: 84.69% of revenue

2024Expense mix: 65.1% mission · 34.9% management · 0.0% fundraisingTotal expenses: 112.05% of revenue

2023Expense mix: 70.7% mission · 29.3% management · 0.0% fundraisingTotal expenses: 119.41% of revenue

2022Expense mix: 85.5% mission · 14.5% management · 0.0% fundraisingTotal expenses: 111.13% of revenue

2021Expense mix: 0.0% mission · 46.0% management · 6.2% fundraisingTotal expenses: 48.20% of revenue

Money in and money out

Revenue$267,819

Expenses$226,827

Annual surplus $40,992 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$159,389 · 70.3% of expenses

Management and office costs$67,438 · 29.7% of expenses

See all reported dollar amounts

Revenue$267,819

Expenses$226,827

Assets$24,469

Income$344,371

Contributions$139,910

Mission work (program services)$159,389

Management and general$67,438

Accounting fees$8,661

People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

STEPHEN BAUMLEYEXECUTIVE DIRECTOR · 50 hrs/week $27,850

DR RICHARD BARNETTPRESIDENT · 2 hrs/week $3,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (7)

STEPHEN BAUMLEYEXECUTIVE DIRECTOR

DR RICHARD BARNETTPRESIDENT

ANDREW CORRADOBOARD MEMBER

DAVID JORDAN JRBOARD MEMBER

JOE DEPAOLOBOARD MEMBER

SCOTT FARBERBOARD MEMBER

SENATOR BILL BRADLEYBOARD MEMBER

About this charity

Recognized since: January 2020
Location: PO BOX 8667, NEW YORK, NY 10116
County: New York
In care of: STEPHEN BAUMLEY
Primary officer: STEPHEN BAUMLEY, EXECUTIVE DIRECTOR

How to reach them

Phone(201) 316-5582

Filing and classification

Latest tax year: 2025
Tax period began: January 1, 2025
Return type: 990
Tax preparer: ECK TAX & ACCOUNTING