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Balemian Family Foundation EIN 20-3609403

Balemian Family Foundation

EIN  20-3609403 Private foundation / grantmaker Palm Bch Gdns, FL
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Size
$100K–1M
What they do
A private foundation based in Palm Bch Gdns, FL. It reported about $374K in revenue for 2024.
Leadership
Robert Balemian · President
Money in and out
$374K revenue, $156K expenses
Bottom line
—

A private foundation based in Palm Bch Gdns, FL. It reported about $374K in revenue for 2024. For fiscal year 2024 it reported $374K in revenue, $156K in expenses, and $255K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$374K
Pt VIII · Ln 12
Total expenses
$156K
Pt IX · Ln 25
Net assets
$255K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $218K
Total assets
255K
deployed as grants and operations
Grants paid
156K
in FY2024
Grants made
24grants
total in period
Payout rate
61%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 24 grants · $156K · 2024–2024
Check #623 Jupiter Medical Center FoundationFY2024$25,000
Check #612 Jupiter Medical Center FoundationFY2024$25,000
Check #634 Jupiter Medical Center FoundationFY2024$15,000
Check #633 Here with US FoundationFY2024$10,000
Check #620 Cathedral of St Ignatius LoyolaFY2024$10,000
Check #618 Here with US FoundationFY2024$10,000
Check #636 Genesis Metro ChurchFY2024$5,000
Check #632 Breakthrough Diabetes ResearchFY2024$5,000
Check #631 Palm Beach County Charity FundFY2024$5,000
Check #628 Wounded Warriors ProjectFY2024$5,000
Check #625 Els for AutismFY2024$5,000
Check #619 Church of St PatrickFY2024$5,000
Check #617 Seminary of the Immaculate ConceptionFY2024$5,000
Check #622 Townwide Fund of HuntingtonFY2024$3,000
Check #616 Sfpga FoundationFY2024$3,000
Check #610 Children Home Society of FloridaFY2024$3,000
Check #611 Palm Beach Police Scholarship FundFY2024$2,500
Check #635 Molly's HouseFY2024$2,000
See all 24 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$6K
Median grantPart XV$5K
Largest grantPart XV$25K

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$374K
FY2024▲ ×252
Expenses
$156K
FY2024▲ +68%
Total assets
$255K
FY2024▲ +588%
Total liabilities
$0
FY2024
Total revenue
$374K
Pt VIII · Ln 12
Total expenses
$156K
Pt IX · Ln 25
Net assets
$255K
Pt X · Ln 32
Total assetsPt II$255K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBalemian Family Foundation
EINHdr · item D20-3609403
Principal addressHdr · item CPalm Bch Gdns, FL
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFDec 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Balemian Family Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$248K · 66%
Investment income$125K · 34%
Contributions & grants66%$248K
Investment income34%$125K
Total revenueLn 12$374K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $1.00 Operating & administrative $0.00
Grants & contributions paid100%$156K
Operating & administrative$355
Total functional expensesLn 25$156K

Balance Sheet

Part X · end of year
CashLn 1$255K
Total assetsLn 16$255K
Total liabilitiesLn 26$0
Total net assetsLn 32$255K
Months of cash on handcomputed19.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $255K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $374K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $374K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $374K · Prior year $1K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $54K · FY2024 $374K
+62%
Net-asset trend (YoY)
End of year $255K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $374K · Expenses $156K
+58%
Liabilities-to-Assets
Total liabilities — · Total assets $255K
—
Net-asset ratio
Net assets $255K · Total assets $255K
100%
People & payroll
Highest Reported Total Compensation
Individual Robert Balemian · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $156K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth ×252——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$374K revenue · viewing · ⤓ 990 PDF
FY2023$1K revenue · ⤓ 990 PDF
FY2022$456K revenue · ⤓ 990 PDF
FY2021$80K revenue · ⤓ 990 PDF
FY2020$54K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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