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DR RICHARD BARNETT FOUNDATION INC
NEW YORK, NY · EIN 850862224 · Form 990 · FY2025 · Small ($100K-$1M) · drbfny.org
revenue
$268K
expenses
$227K
net assets
$18K
employees
1
volunteers
25
program ratio
70%
mission · from form 990

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.

profile · synthesized from sources

The Dr. Richard Barnett Foundation supports motivated New York City youth with limited financial resources by providing scholarships, mentorship, and career development opportunities. The organization focuses on empowering youth through educational programming, mental health support, and exposure to professional pathways in sports, entertainment, and other industries. Its flagship Scholars Program offers comprehensive support to help students pursue higher education and career goals.

named programs · 5 · from sources

What they call their work

Career Exploration Day Series
Program that exposes scholars to behind-the-scenes careers in sports, entertainment, and fashion through events at NBA Headquarters, Nike HQ, MSG, and Inter Miami CF/NYCFC games
Dr. Richard Barnett Foundation Scholars Program
Comprehensive program providing scholarships, mentorship, and career development opportunities to motivated New York City youth with limited financial resources; launched in February 2022 with inaugural class
Dream Big, Lead Boldly
Mentorship initiative led by Amy Lee Flower that provides inspiration and guidance to scholars during career exploration events
NYCFC 30-Day Mindfulness and College Prep Challenge
Collaborative program with NYCFC and A-List Education offering SAT preparation, 1:1 coaching, and daily mindfulness activities to students across New York City
SOAL U Program at Princeton University
Summer STEAM program hosted by New York Nets legend Brian Taylor that brings together driven scholars from the tri-state area for collaboration, volunteering, and learning from esteemed professors
activities · 4 groups

What they do

  • Local High School Scholarship Programs 2 activities
    • Administering college scholarships for NYC youth
      Provides higher-education scholarships to motivated New York City students with limited financial resources, supporting their college attendance through the Dr. Richard Barnett Foundation Scholarship Fund. The program targets underserved students entering grades 9, 10, and 11 and continues support into college.
    • Funding the DRBF Scholars Program
      Funds the DRBF Scholars Program, which provides academic, mental health, and mentorship resources to New York City youth, enabling educational and personal development. Fundraising efforts have raised nearly $100,000 specifically for this program.
  • Student Career Readiness and Internship Placement 2 activities
    • Hosting career exploration events for scholars
      Organizes career exploration events at major institutions including Madison Square Garden, NBA headquarters, Nike headquarters, and Princeton University, providing DRBF scholars exposure to careers in sports, entertainment, fashion, and STEAM fields through mentorship, networking, and hands-on learning experiences.
    • Providing internship opportunities for scholars
      Offers internship opportunities to DRBF scholars and alumni during college with professional sports leagues, Fortune 500 companies, and organizations in media, finance, technology, hospitality, entertainment, real estate, and fashion, including placements at Nike and NBA headquarters.
  • Charity Golf Tournament Fundraiser 1 activity
    • Conducting fundraising events
      Hosts annual fundraising events including the Celebrity Golf Classic and Luncheon Fundraiser, raising over $100,000 annually (e.g., $200,000 in 2022) to support foundation programs and partnerships such as with The Walt Frazier Youth Foundation.
  • College Access and Success Support 1 activity
    • Delivering college access and academic support programming
      Offers college advising, SAT/ACT preparation, high school academic support, and assistance with college applications, scholarships, and financial aid through the Road to College program for New York City youth.
financials · form 990 · fy2025
revenue
Total revenue$268K
Contributions & grants$140K52%
Program service revenue$00%
Investment income$1380%
Other revenue$128K
expenses
Total expenses$227K
Program expenses70%
Admin / overhead30%
Fundraising0%
Salaries & benefits$85K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$24K
Cash$19K
Investments$5K
Liabilities$7K
Net assets$18K
Liquid reserves1.3 mo
5 years on record · 2021–2025 · YoY revenue +20.2%
leadership · form 990 part vii · fy2025

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
STEPHEN BAUMLEY EXECUTIVE DIRECTOR 50 $28K
DR RICHARD BARNETT PRESIDENT 2 $3K
board members · 5
  • ANDREW CORRADO — BOARD MEMBER
  • DAVID JORDAN JR — BOARD MEMBER
  • JOE DEPAOLO — BOARD MEMBER
  • SCOTT FARBER — BOARD MEMBER
  • SENATOR BILL BRADLEY — BOARD MEMBER
relationships · 23

Who they work with

  • Brian Taylor Partner — Hosted DRBF scholars in his Summer of a Lifetime STEAM program at Princeton University.
  • Charles Koch Foundation Partner — Sponsored the 2024 Career Exploration Day event at Madison Square Garden.
  • Club 101 Partner — Hosted the Dr. Richard Barnett Foundation Casino Night fundraiser on December 10th.
  • Common App Partner — Partners with Common App to provide resources for students on paying for college.
  • Customers Bank Partner — Sponsored the 4th Annual DRBF Celebrity Golf Classic in 2025.
  • DRBF Network — DRBF refers to itself as an organization with partners, indicating a network-based structure.
  • Eagel Promotions Partner — Partnered with DRBF to power the 5th Annual Celebrity Golf Classic and Casino Night fundraiser.
  • Golf Event Planning Partner — Provided planning expertise for multiple DRBF Celebrity Golf Classics.
  • Knicks legends Partner — Participated as celebrity guests in the DRBF Celebrity Golf Classic.
  • Madison Square Garden Partner — Collaborated to host a career exploration day for DRBF scholars, including access to front office staff and career panels.
  • Madison Square Garden Partner — Hosted DRBF scholars for career exploration and special events at "The World’s Most Famous Arena."
  • Metropolitan Realty Group Partner — Sponsored the 2nd Annual DRBF Celebrity Golf Classic in 2022.
  • NBA Partner — Hosted a Career Exploration Day at NBA headquarters for DRBF scholars and supported programming through executive mentorship.
  • New York City Football Club Partner — Hosted a summer career exploration event for DRBF scholars at Yankee Stadium.
  • New York Knicks Partner — Collaborates with the foundation on multiple events including career exploration days, luncheons, and season tip-off activities for scholars.
  • New York Knicks Partner — Partnered with the New York Knicks to host Career Exploration Day at Madison Square Garden.
  • New York Knicks Partner — Provided career insights and networking opportunities for DRBF scholars through front office staff participation.
  • Peapack Private Bank Partner — Sponsored the 3rd Annual DRBF Celebrity Golf Classic in 2024.
  • Sei Less Restaurant Partner — Host venue for the DRBF 2025 luncheon fundraiser.
  • Signature Bank Partner — Sponsored the 2nd Annual DRBF Celebrity Golf Classic in 2022 and the 2nd Annual Luncheon Fundraiser.
  • Study Smart Tutors Partner — Partner organization delivering college advising and test preparation services in the Road to College program.
  • The Richman Group Partner — Sponsored the 2nd Annual DRBF Celebrity Golf Classic in 2022.
  • The Walt Frazier Youth Foundation Partner — Collaborated with the Dr. Richard Barnett Foundation to co-benefit from the 3rd Annual Luncheon Fundraiser.
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Experiential Learning and Career Exposure
    methodology: experiential_learning
    By integrating real-world experiences, internships, and career exploration events with industry professionals and sports organizations, the foundation builds career readiness because direct exposure and hands-on engagement increase motivation, clarify goals, and expand professional networks.
  • Full-Cost Scholarship Model
    methodology: full-cost college scholarship
    By covering the full cost of college—including tuition, room, board, and expenses—the foundation removes financial barriers to higher education, because complete financial support prevents students from dropping out due to unmet need.
  • Holistic Youth Development
    methodology: holistic_youth_development
    By combining financial support with integrated programming in education, mental health, and mentorship, the foundation empowers youth to achieve their aspirations because comprehensive support addresses both structural and personal barriers to success.
  • Mentorship-Integrated Pathways
    methodology: education-and-mentoring-pathways
    By combining academic principles, technology, and human mentoring, the foundation creates accessible pathways into professions like sports for all youth, because sustained mentorship bridges gaps in access and provides personalized guidance that systems alone cannot offer.