The Balas Family Foundation for Children is a private foundation focused on Human Services, based in BOCA RATON, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $39K in total assets. In 2024, it awarded 1 grants totaling $3K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$39K
-4.6% YoY
Annual Giving
$3K
+0.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$3K
+0.0% YoY
Under IRS private-foundation payout rules, The Balas Family Foundation for Children reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About The Balas Family Foundation for Children
Based on IRS filings
The Balas Family Foundation for Children is a private foundation focused on Human Services, based in BOCA RATON, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $39K in total assets. In 2024, it awarded 1 grants totaling $3K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $38,951 | $40,845 | $46,242 |
| Revenue | $3,625 | $252 | $2,241 |
| Expenses | $5,519 | $5,649 | $4,901 |
| Qualifying Distributions | $3,321 | $3,243 | $3,164 |
| Net Investment Income | — | — | — |
| Distributable Amount | $2,003 | $2,163 | $2,398 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cross Roads House ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CROSS ROADS HOUSE PORTSMOUTH, NH | TO PROVIDE SHELTER, RESPECT, AND COLLABORATIVE SOLUTIONS TO UNHOUSED INDIVIDUALS | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL P BALAS | TRUSTEE & DIRECTOR | 1 | — |
| MARIE J CORSETTI | CO-DIRECTOR | 1 | — |
| MADISON E BALAS | AMBASSADOR | 1 | — |
| CAROLINA RINCHERE | AMBASSADOR | 1 | — |
| JUDITH A BRADLEY | COMMUNITY OUTREACH ADVISOR | 1 | — |
| STEVEN M BALAS | CO-TRUSTEE & LEGAL ADVISOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Balas Family Foundation for Children?
The Balas Family Foundation for Children is a private foundation focused on Human Services, based in BOCA RATON, FL. It holds $39K in total assets as of 2024.
How large is The Balas Family Foundation for Children?
As of 2024, The Balas Family Foundation for Children holds $39K in total assets with $4K in annual revenue. It awarded 1 grants totaling $3K in 2024.
Where does The Balas Family Foundation for Children operate?
The Balas Family Foundation for Children has awarded grants in New Hampshire, New York, Texas.
What size grants does The Balas Family Foundation for Children award?
In 2024, The Balas Family Foundation for Children awarded 1 grants totaling $3K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Balas Family Foundation for Children required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Balas Family Foundation for Children reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Balas Family Foundation for Children's EIN?
The Balas Family Foundation for Children's EIN (Employer Identification Number) is 83-3712492. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Balas Family Foundation for Children's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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