Civic Intelligence

John Taylor Babbitt Foundation Inc

990 • Fiscal year 2022 • EIN 41-2216367

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 12, 2023

PO Box 698Chatham, NJ 07928

(973) 722-1212

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE T12 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

67th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE T12 • <$500k nonprofits • Source year 2022

Net Margin

22nd percentile

-24%

Higher net margin than 22% of similar nonprofits.

2022 filings • NTEE T12 • <$500k nonprofits • Source year 2022

Top Officer Pay

98th percentile

$0

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE T12 • <$500k nonprofits • Source year 2022

Asset Growth

42nd percentile

-5.8%

Faster asset growth than 42% of similar nonprofits.

2022 filings • NTEE T12 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

43rd percentile

-11%

Faster revenue growth than 43% of similar nonprofits.

2022 filings • NTEE T12 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$457,370

Down $28,395 (-5.8%) from 2021

Net Assets

Down

$457,370

Down $28,395 (-5.8%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$120,278

Down $14,384 (-11%) from 2021

Expenses

Up

$148,673

Up $50,063 (+51%) from 2021

Net Income

Down

-$28,395

Down $64,447 (-179%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2010: $346,868Liabilities 2010: $0Net Assets 2010: $346,8682010Assets 2011: $337,556Liabilities 2011: $0Net Assets 2011: $337,5562011Assets 2012: $361,779Liabilities 2012: $0Net Assets 2012: $361,7792012Assets 2013: $349,277Liabilities 2013: $0Net Assets 2013: $349,2772013Assets 2014: $400,298Liabilities 2014: $0Net Assets 2014: $400,2982014Assets 2015: $401,846Liabilities 2015: $0Net Assets 2015: $401,8462015Assets 2016: $404,214Liabilities 2016: $0Net Assets 2016: $404,2142016Assets 2017: $416,473Liabilities 2017: $0Net Assets 2017: $416,4732017Assets 2018: $427,700Liabilities 2018: $0Net Assets 2018: $427,7002018Assets 2019: $431,521Liabilities 2019: $0Net Assets 2019: $431,5212019Assets 2020: $449,713Liabilities 2020: $0Net Assets 2020: $449,7132020Assets 2021: $485,765Liabilities 2021: $0Net Assets 2021: $485,7652021Assets 2022: $457,370Liabilities 2022: $0Net Assets 2022: $457,3702022Assets 2023: $437,800Liabilities 2023: $0Net Assets 2023: $437,8002023Assets 2024: $429,180Liabilities 2024: $538Net Assets 2024: $428,6422024

Highlighted filing

2022

Assets$457,370
Liabilities$0
Net Assets$457,370

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2010: $86,535Expenses 2010: $9,862Net Income 2010: $76,6732010Revenue 2011: $72,311Expenses 2011: $81,623Net Income 2011: -$9,3122011Revenue 2012: $98,780Expenses 2012: $74,557Net Income 2012: $24,2232012Revenue 2013: $81,152Expenses 2013: $93,654Net Income 2013: -$12,5022013Revenue 2014: $149,311Expenses 2014: $98,290Net Income 2014: $51,0212014Revenue 2015: $140,337Expenses 2015: $138,789Net Income 2015: $1,5482015Revenue 2016: $125,436Expenses 2016: $123,068Net Income 2016: $2,3682016Revenue 2017: $129,389Expenses 2017: $117,130Net Income 2017: $12,2592017Revenue 2018: $84,706Expenses 2018: $73,479Net Income 2018: $11,2272018Revenue 2019: $136,130Expenses 2019: $132,309Net Income 2019: $3,8212019Revenue 2020: $109,949Expenses 2020: $91,757Net Income 2020: $18,1922020Revenue 2021: $134,662Expenses 2021: $98,610Net Income 2021: $36,0522021Revenue 2022: $120,278Expenses 2022: $148,673Net Income 2022: -$28,3952022Revenue 2023: $121,683Expenses 2023: $141,253Net Income 2023: -$19,5702023Revenue 2024: $159,302Expenses 2024: $168,460Net Income 2024: -$9,1582024

Highlighted filing

2022

Revenue$120,278
Expenses$148,673
Net Income-$28,395
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 12, 2023
Return Version
2022v5.0
Gross Receipts
$189,433
Mission and Program Overview

Mission

Increase awareness about the severity and prevalence of hypertro cardiomyopathy (hcm) within the young adult community.

Increase awareness about the prevalence of sudden cardiac death through donations of defibrillators and cpr training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$369,604$357,571▼ $12,033
Pd in Cap Srpls Land Bldg Eqp Fund$338,767$338,767→ $0
Rtn Earn Endowment Incm Other Fnds$146,998$118,603▼ $28,395
Cash and Non-Interest-Bearing Accounts$71,471$70,262▼ $1,209
Savings and Temporary Cash Investments$44,690$29,537▼ $15,153
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$485,765$457,370▼ $28,395
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$485,765$457,370▼ $28,395
Total Liabilities and Net Assets / Fund Balance$485,765$457,370▼ $28,395

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$2,297$2,297
Compensation and Service Providers

Board Members and Trustees

NameTitle
David C BabbittPresident
Joanne Taylor BabbittVice President
Gerald P ScalesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$165,388
Program Service Revenue
$0
Investment Income
$-29,497
Other Revenue
$-15,613
All Other Contributions
$54,439
Change in Net Assets
$-28,395
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$113,190
Other Expenses$35,483
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$113,190--$113,190
Office Expenses-$7,233-$7,233
Other Expenses$2,867$3,603-$2,867
All Other Expenses$1,893$784-$2,677
Information Technology$2,039--$2,039
Fees for Services Other$1,739--$1,739
Travel-$1,404-$1,404
Insurance$987--$987
Conferences and Meetings-$750-$750
Total Functional Expenses$134,899$13,774$0$148,673
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Duke UniversityDurham, NC501(c)3Fund Research-leveraging Dsp Pos$56,250
Foundation Morristown Med CtrMorristown, NJ501(c)3Support Project Heartbeat$25,000
Chatham Emergency SquadChatham, NJ501(c)3Support for Building for the Future$7,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$48,111
Fundraising Gross Income$32,498
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Babbitt Ball 2022$70,718$22,263-$22,263
Walk With Heart 2022$43,413$10,235$6,793$3,442
Total Events$143,447$32,498$48,111$-15,613
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

David c. Babbitt and joanne taylor babbitt are married.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by members of the governing body before filing.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
John Taylor Babbitt Foundation Inc
EIN
41-2216367
Phone
9737221212
Address
PO BOX 698, CHATHAM, NJ 07928

Signing Officer

Name
Joanne Taylor Babbitt
Title
Vice President
Signed
2023-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joanne Taylor Babbitt
Formed
2007
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
1
Employees
0

Preparer

Firm
Oberc & Associates LLC
Address
195 Fairfield Avenue Suite 1C, West Caldwell, NJ 07006
Preparer
Thaddeus a Oberc
Phone
9733641100
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0140150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0160661
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0246417
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0151946
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0897060
IRS990ScheduleA/TotalSupportAmt0939713
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02297
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02297
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0110949
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt048455
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt033178
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt029316
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt048111
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt05250
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt05250
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BABBITT BALL 2022
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WALK WITH HEART 2022
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt02265
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02265
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt070718
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt043413
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt029316
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0143447
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt022263
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt010235
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt032498
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-15613
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt01485
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt01485
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt01673
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt08466
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt06793
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt030645
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt030645
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt07500
IRS990ScheduleI/RecipientTable/CashGrantAmt156250
IRS990ScheduleI/RecipientTable/CashGrantAmt225000
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IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)3
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT FOR BUILDING FOR THE FUTURE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FUND RESEARCH-LEVERAGING DSP POS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SUPPORT PROJECT HEARTBEAT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHATHAM EMERGENCY SQUAD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DUKE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2FOUNDATION MORRISTOWN MED CTR
IRS990ScheduleI/RecipientTable/RecipientEIN0237122409
IRS990ScheduleI/RecipientTable/RecipientEIN1560532129
IRS990ScheduleI/RecipientTable/RecipientEIN2223392808
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt045 SPRING STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12200 WEST MAIN ST STE 820
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2475 SOUTH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHATHAM
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DURHAM
IRS990ScheduleI/RecipientTable/USAddress/CityNm2MORRISTOWN
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NJ
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd127705
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd207960
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAVID C. BABBITT AND JOANNE TAYLOR BABBITT ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY MEMBERS OF THE GOVERNING BODY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/SignificantChangeInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0485765
IRS990/TotalAssetsEOYAmt0457370
IRS990/TotalAssetsGrp/BOYAmt0485765
IRS990/TotalAssetsGrp/EOYAmt0457370
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0165388
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013774
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0134899
IRS990/TotalFunctionalExpensesGrp/TotalAmt0148673
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0485765
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0457370
IRS990/TotalProgramServiceExpensesAmt0134899
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-45110
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0120278
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0485765
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0457370
IRS990/TravelGrp/ManagementAndGeneralAmt01404
IRS990/TravelGrp/TotalAmt01404
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02192 TERRACE PLACE
IRS990/USAddress/CityNm0SEA GIRT
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008750
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.JTBFOUNDATION.ORG

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.29$0.01$4.29$1.59$1.68$0.09
2023Detailed filing. Detailed filing data is available for this year.$4.38$0.00$4.38$1.22$1.41$0.20
2022Detailed filing. Detailed filing data is available for this year.$4.57$0.00$4.57$1.20$1.49$0.28
2021Detailed filing. Detailed filing data is available for this year.$4.86$0.00$4.86$1.35$0.99$0.36
2020Detailed filing. Detailed filing data is available for this year.$4.50$0.00$4.50$1.10$0.92$0.18
2019Detailed filing. Detailed filing data is available for this year.$4.32$0.00$4.32$1.36$1.32$0.04
2018Detailed filing. Detailed filing data is available for this year.$4.28$0.00$4.28$0.85$0.73$0.11
2017Detailed filing. Detailed filing data is available for this year.$4.16$0.00$4.16$1.29$1.17$0.12
2016Detailed filing. Detailed filing data is available for this year.$4.04$0.00$4.04$1.25$1.23$0.02
2015Detailed filing. Detailed filing data is available for this year.$4.02$0.00$4.02$1.40$1.39$0.02
2014Detailed filing. Detailed filing data is available for this year.$4.00$0.00$4.00$1.49$0.98$0.51
2013Detailed filing. Detailed filing data is available for this year.$3.49$0.00$3.49$0.81$0.94$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.62$0.00$3.62$0.99$0.75$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.00$3.38$0.72$0.82$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.47$0.00$3.47$0.87$0.10$0.77