Nonprofit · EIN 85-0862224
DR RICHARD BARNETT FOUNDATION INC
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $267,819 | $226,827 | $40,992 | $24,469 | $6,614 | $17,855 |
| December 31, 2024 | 990 | $222,802 | $249,653 | -$26,851 | $198 | $23,335 | -$23,137 |
| December 31, 2023 | 990 (amended) | $233,577 | $278,922 | -$45,345 | $26,578 | $22,866 | $3,712 |
| December 31, 2022 | 990 (amended) | $569,761 | $633,157 | -$63,396 | $49,582 | $525 | $49,057 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $139,910
- Program service revenue
- $0
- Investment income
- $138
- Net income from fundraising events
- $89,068
- Net income from gaming
- $38,703
- Other revenue
- $127,771
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $27,350
- Other salaries and wages
- $53,932
- Salaries, compensation and benefits (total)
- $84,501
- Professional fundraising fees
- $0
- Accounting fees
- $8,661
- Travel
- $8,949
- Program services (functional)
- $159,389
- Management and general (functional)
- $67,438
Balance sheet and other
- Total assets, start of year
- $198
- Total assets, end of year
- $24,469
- Total liabilities, end of year
- $6,614
- Net assets, end of year
- $17,855
- Gross receipts
- $344,371
- Employees
- 1
- Volunteers
- 25
- Year formed
- 2021
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN BAUMLEY | EXECUTIVE DIRECTOR Trustee or director | 50 | $27,850 |
| DR RICHARD BARNETT | PRESIDENT Trustee or director | 2 | $3,000 |
| SENATOR BILL BRADLEY | BOARD MEMBER Trustee or director | 0 | $0 |
| JOE DEPAOLO | BOARD MEMBER Trustee or director | 0 | $0 |
| SCOTT FARBER | BOARD MEMBER Trustee or director | 0 | $0 |
| DAVID JORDAN JR | BOARD MEMBER Trustee or director | 0 | $0 |
| ANDREW CORRADO | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN BAUMLEY | EXECUTIVE DIRECTOR Trustee or director | 40 | $71,875 |
| DR RICHARD BARNETT | PRESIDENT Trustee or director | 2 | $18,625 |
| SENATOR BILL BRADLEY | BOARD MEMBER Trustee or director | 0 | $0 |
| JOE DEPAOLO | BOARD MEMBER Trustee or director | 0 | $0 |
| MICHAEL SCHWARTZ | BOARD MEMBER Trustee or director | 0 | $0 |
| DAVID JORDAN JR | BOARD MEMBER Trustee or director | 0 | $0 |
| ANDREW CORRADO | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN BAUMLEY | EXECUTIVE DIRECTOR Trustee or director | 40 | $75,000 |
| DR RICHARD BARNETT | PRESIDENT Trustee or director | 20 | $30,000 |
| SENATOR BILL BRADLEY | BOARD MEMBER Trustee or director | 0 | $0 |
| JOE DEPAOLO | BOARD MEMBER Trustee or director | 0 | $0 |
| MICHAEL SCHWARTZ | BOARD MEMBER Trustee or director | 0 | $0 |
| SCOTT JAFFEE | BOARD MEMBER Trustee or director | 0 | $0 |
| SCOTT FARBER | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN BAUMLEY | EXECUTIVE DIRECTOR Trustee or director | 40 | $75,000 |
| DR RICHARD BARNETT | PRESIDENT Trustee or director | 20 | $23,000 |
| SENATOR BILL BRADLEY | BOARD MEMBER Trustee or director | 0 | $0 |
| JOE DEPAOLO | BOARD MEMBER Trustee or director | 0 | $0 |
| MICHAEL SCHWARTZ | BOARD MEMBER Trustee or director | 0 | $0 |
| SCOTT JAFFEE | BOARD MEMBER Trustee or director | 0 | $0 |
| SCOTT FARBER | BOARD MEMBER Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1333 BROADWAY FRNT 3, NEW YORK, NY 10018-7212
- In care of
- % STEVE BAUMLEY
- Principal officer (990 for 2025)
- STEPHEN BAUMLEY, PO BOX 8667, NEW YORK, NY 10116
- Signed the 990
- STEPHEN BAUMLEY, EXECUTIVE DIRECTOR
- Return prepared by
- ECK TAX & ACCOUNTING
Mission
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.
Program accomplishments
- THE DR. RICHARD BARNETT FOUNDATION SCHOLARS PROGRAM LEVELS THE PLAYING FIELD FOR UNDERREPRESENTED STUDENTS BY CONNECTING THEM WITH COLLEGE AND CAREER SUCCESS RESOURCES AND GIVING THEM THE TOOLS TO UNLOCK THEIR CONFIDENCE, AMBITION, AND PURPOSE. WE KNOW THAT OUR SCHOLARS ARE SO MUCH MORE THAN JUST STUDENTS. BY EDUCATING AND MENTORING THE WHOLE PERSON, THE DRBF SCHOLARS PROGRAM SETS ITS SCHOLARS UP FOR SUCCESS IN LIFE, NOT JUST HIGH SCHOOL AND COLLEGE.Expenses $159,389
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0862224
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $24,469
- Income (IRS master file)
- $344,371
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $267,819 | $226,827 | $24,469 | XML |
| 990 | December 2024 | $222,802 | $249,653 | $198 | XML |
| 990 | December 2023 | $233,577 | $278,922 | $26,578 | XML |
| 990 | December 2022 | $569,761 | $633,157 | $49,582 | XML |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0862224).
Questions about DR RICHARD BARNETT FOUNDATION INC
- What is the EIN of DR RICHARD BARNETT FOUNDATION INC?
- The employer identification number (EIN) of DR RICHARD BARNETT FOUNDATION INC is 85-0862224.
- Is DR RICHARD BARNETT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to DR RICHARD BARNETT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DR RICHARD BARNETT FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DR RICHARD BARNETT FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DR RICHARD BARNETT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DR RICHARD BARNETT FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names STEPHEN BAUMLEY.
- Who are the officers and directors of DR RICHARD BARNETT FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 2 received compensation from the organization, the highest $27,850 (STEPHEN BAUMLEY, EXECUTIVE DIRECTOR).
- How much revenue does DR RICHARD BARNETT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $267,819, expenses of $226,827 and total assets of $24,469 at year end.
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