Richard D Brown Charitable Fund B
- Assets
- $1.5m
- Revenue
- $117.2k
- Investments
- $1.5m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2016
- Data as of
- 12/2023
- EIN
- 13-6030429
Organization Overview
Richard D Brown Charitable Fund B is located in Chicago, IL. The organization was established in 2016. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard D Brown Charitable Fund B is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Richard D Brown Charitable Fund B generated $117.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $129.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard D Brown Charitable Fund B has awarded 106 individual grants totaling $471,417. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,106 |
| Capital Gain Net Income | $64,106 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $648 |
| Total Revenue | $117,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,348 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,407 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $26,005 |
| Contributions, gifts, grants paid | $103,495 |
| Total expenses and disbursements | $129,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,053 |
| Savings and temporary cash investments | $40,912 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $102,521 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,545,475 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Richard D Brown Charitable Fund B has awarded $103,495 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
EW PURPOSE: EMERGENCY ASSISTANCE | $3,297 |
MW-K PURPOSE: EMERGENCY ASSISTANCE | $4,553 |
AJM PURPOSE: EMERGENCY ASSISTANCE | $3,085 |
LS PURPOSE: EMERGENCY ASSISTANCE | $3,332 |
KB PURPOSE: EMERGENCY ASSISTANCE | $2,933 |
BC PURPOSE: EMERGENCY ASSISTANCE | $4,614 |