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Mary Reynolds Babcock Foundation Incorporated

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$7.79M (2023)

Expenses
$16.1M (2023)

Total Assets
$186M (2023)

Total Liabilities
$909k (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,793,293
Expenses
$16,143,088
Net Income
-$8,349,795
Net Assets
$184,903,431
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $94,340
1.2%
Interest Revenue $63,791
0.8%
Dividends $2,457,588
31.5%
Sales of Assets $5,190,768
66.6%
Other Income -$13,194
Notable Expenses Percent of Total Expenses
Charitable Disbursements $13,395,722
83.0%
Compensation of Officers* $1,086,117
6.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $185,812,542
Total Liabilities $909,111
Net Assets $184,903,431
Compensation
Key Employees and Officers Compensation Other
Flozell Daniels Jr (Chief Executive Officer) $300,057 $52,483
Jennifer Barksdale (Chief Finance And Operations Officer) $209,448 $43,452
Elena Conley (Chief Strategy Officer) $202,704 $30,366
Dwayne Patterson (Chief Equity Officer) $179,217 $51,691
Ethan Hamblin (Senior Network Offic) $136,076 $23,623
Tania Duran (Senior Network Offic) $132,351 $32,967
Julius Kimbrough (Impact Investment Of) $130,777 $24,561
Susanna Hegner (Communications Offic) $121,126 $23,642
Christine Mayers (Grants Manager) $103,221 $27,284
Ashleigh Gardere (Board Member President) $4,000 $0
James Mitchell (Board Member) $4,000 $0
Micah Gilmer (Board Member) $3,500 $0
Laveeda Battle (Board Member) $3,000 $0
Chad Berry (Board Member Vice President) $2,500 $0
Jerry Gonzalez (Board Member) $2,500 $0
Tyree Stephanie (Board Member) $2,000 $0
Holt Mountcastle (Board Member) $0 $0
Kara Mountcastle (Board Member Secretary) $0 $0
Kathy Mountcastle (Board Member) $0 $0
Kenneth Mountcastle Iii (Board Member Treasurer) $0 $0
Laura Mountcastle (Board Member) $0 $0
Mary Mountcastle (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$48,332,996
Expenses
$27,128,329
Net Income
-$75,461,325
Net Assets
$176,737,535
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $140,928
Interest Revenue $68,057
Dividends $1,946,794
Sales of Assets $8,908,560
Other Income -$59,397,335
Notable Expenses Percent of Total Expenses
Charitable Disbursements $24,724,298
91.1%
Compensation of Officers* $659,881
2.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $177,340,979
Total Liabilities $603,444
Net Assets $176,737,535
Compensation
Key Employees and Officers Compensation Other
Elena Conley (Chief Strategy Officer & Interim Ceo) $214,308 $30,979
Jennifer Barksdale (Chief Finance And Operations Officer) $184,988 $41,635
Dwayne Patterson (Chief Equity Officer) $161,937 $47,969
Ethan Hamblin (Senior Network Offic) $120,821 $21,643
Susanna Hegner (Communications Offic) $110,241 $22,148
Christine Mayers (Grants Manager) $95,207 $26,338
Scott Edmonds (Network Officer) $92,156 $27,824
Kiara Boone (Network Officer) $86,192 $18,107
Flozell Daniels Jr (Ceo (9/26/22 12/31/22)) $76,648 $13,772
Chad Berry (Board Member) $4,000 $0
Ashleigh Gardere (Board Member Vice President) $4,000 $0
Jerry Gonzalez (Board Member President) $4,000 $0
James Mitchell (Board Member) $4,000 $0
Stephanie Tyree (Board Member) $3,500 $0
Laveeda Battle (Board Member) $2,500 $0
Zachary Lassiter (Board Member) $0 $0
Holt Mountcastle (Board Member) $0 $0
Kara Mountcastle (Board Member Secretary) $0 $0
Kathy Mountcastle (Board Member) $0 $0
Kenneth Mountcastle Iii (Board Member Treasurer) $0 $0
Laura Mountcastle (Board Member) $0 $0
Mary Mountcastle (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$55,868,843
Expenses
$15,286,461
Net Income
$40,582,382
Net Assets
$252,198,860
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $9,717,953
17.4%
Interest Revenue $87,005
0.2%
Dividends $1,994,188
3.6%
Sales of Assets $24,752,005
44.3%
Other Income $19,317,692
34.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,622,047
69.5%
Compensation of Officers* $437,239
2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $253,832,619
Total Liabilities $1,633,759
Net Assets $252,198,860
Compensation
Key Employees and Officers Compensation Other
Jennifer Barksdale (Chief Finance And Operations Officer) $140,568 $44,373
Elena Conley (Chief Strategy Officer) $131,738 $27,892
Dwayne Patterson (Chief Equity Officer) $129,538 $47,243
Susanna Hegner (Communications Offic) $99,178 $25,706
Christine Mayers (Grants Manager) $92,041 $30,672
Ethan Hamblin (Network Officer) $85,358 $22,812
Scott Edmonds (Network Officer) $78,863 $31,729
Jennifer Fitzgerald (Executive Assistant) $61,068 $26,158
Justin Maxson (Ceo Through 1/22/21) $16,395 $2,644
Laveeda Battle (Board Member) $3,000 $0
Chad Berry (Board Member) $3,000 $0
Jerry Gonzalez (Board Member President) $3,000 $0
James Mitchell (Board Member) $3,000 $0
Stephanie Tyree (Board Member) $3,000 $0
Ashleigh Gardere (Board Member Vice President) $2,000 $0
Micah Gilmer (Board Member Through 2/28/21) $1,000 $0
Karama Neal (Board Member Through 3/25/21) $1,000 $0
Zachary Lassiter (Board Member) $0 $0
Holt Mountcastle (Board Member) $0 $0
Kara Mountcastle (Board Member Secretary) $0 $0
Kathy Mountcastle (Board Member) $0 $0
Kenneth Mountcastle Iii (Board Member Treasurer) $0 $0
Laura Mountcastle (Board Member) $0 $0
Mary Mountcastle (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$43,943,278
Expenses
$28,335,731
Net Income
$15,607,547
Net Assets
$211,616,478
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,600,000
12.7%
Interest Revenue $95,161
0.2%
Dividends $2,034,377
4.6%
Sales of Assets $13,104,751
29.8%
Other Income $23,108,989
52.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $33,090,189
> 100%
Compensation of Officers* $572,277
2.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $213,051,745
Total Liabilities $1,435,267
Net Assets $211,616,478
Compensation
Key Employees and Officers Compensation Other
Justin Maxson (Ceo) $255,014 $46,331
Jennifer Barksdale (Chief Finance And Operations Officer) $122,944 $36,353
Elena Conley (Chief Strategy Officer) $118,889 $20,823
Susanna Hegner (Communications Direc) $92,758 $18,335
Christine Mayer (Grants Manager) $84,279 $23,262
Ethan Hamlin (Network Officer) $77,079 $15,475
Scott Edmonds (Associate Network Of) $66,734 $14,741
Sherrie Fain (Operations Associate) $56,219 $31,499
Dwayne Patterson (Chief Equity Impact Officer) $29,613 $7,146
Danielle Sprately (Chief Equity Learning Officer) $21,817 $1,858
Ashleigh Gardere (Board Member) $3,500 $0
Karama Neal (Board Member Secretary) $3,500 $0
Laveeda Battle (Board Member) $3,000 $0
Chad Berry (Board Member) $3,000 $0
Micah Gilmer (Board Member) $3,000 $0
Jerry Gonzalez (Board Member Vice President) $3,000 $0
Stephanie Tyree (Board Member) $3,000 $0
James Mitchell (Board Member) $2,000 $0
Zachary Lassiter (Board Member) $0 $0
Holt Mountcastle (Board Member) $0 $0
Kara Mountcastle (Board Member) $0 $0
Kathy Mountcastle (Board Member) $0 $0
Kenneth Mountcastle Iii (Board Member Treasurer) $0 $0
Laura Mountcastle (Board Member President) $0 $0
Mary Mountcastle (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$41,538,737
Expenses
$20,406,337
Net Income
$21,132,400
Net Assets
$196,008,931
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,600,000
3.9%
Interest Revenue $98,041
0.2%
Dividends $3,132,989
7.5%
Sales of Assets $8,194,209
19.7%
Other Income $28,513,498
68.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $16,241,107
79.6%
Compensation of Officers* $641,687
3.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $205,960,233
Total Liabilities $9,951,302
Net Assets $196,008,931

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,340,054
Expenses
$10,579,094
Net Income
$15,760,960
Net Assets
$168,379,904
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $66,584
0.3%
Dividends $2,108,962
8.0%
Sales of Assets $23,048,771
87.5%
Other Income $1,115,737
4.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,757,187
82.8%
Compensation of Officers* $482,748
4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $173,058,458
Total Liabilities $4,678,554
Net Assets $168,379,904

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$13,990,517
Expenses
$10,060,694
Net Income
$3,929,823
Net Assets
$179,291,810
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $60,305
0.4%
Dividends $4,422,387
31.6%
Sales of Assets $7,701,851
55.1%
Other Income $1,805,974
12.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,021,487
89.7%
Compensation of Officers* $496,899
4.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $184,383,567
Total Liabilities $5,091,757
Net Assets $179,291,810

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,611,963
Expenses
$10,271,474
Net Income
$5,340,489
Net Assets
$176,990,622
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $72,889
0.5%
Dividends $4,626,597
29.6%
Sales of Assets $10,655,544
68.3%
Other Income $256,933
1.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,018,107
87.8%
Compensation of Officers* $484,534
4.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $182,397,210
Total Liabilities $5,406,588
Net Assets $176,990,622

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,233,675
Expenses
$9,636,435
Net Income
-$402,760
Net Assets
$156,486,993
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $75,443
0.8%
Dividends $5,386,218
58.3%
Sales of Assets $3,728,877
40.4%
Other Income $43,137
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,595,097
89.2%
Compensation of Officers* $502,487
5.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $162,022,145
Total Liabilities $5,535,152
Net Assets $156,486,993

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,788,122
Expenses
$9,629,575
Net Income
$158,547
Net Assets
$146,116,775
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $65,681
0.7%
Dividends $3,753,298
38.3%
Sales of Assets $4,815,486
49.2%
Other Income $1,153,657
11.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,434,948
87.6%
Compensation of Officers* $439,787
4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $151,748,278
Total Liabilities $5,631,503
Net Assets $146,116,775

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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