Bruno Family Charitable Foundation
- Assets
- $290.1k
- Revenue
- $91.0k
- Investments
- $261.8k
- Employees
- 0
- Location
- Midland, TX
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 20-2312085
Organization Overview
Bruno Family Charitable Foundation is located in Midland, TX. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Bruno Family Charitable Foundation 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 12/2021, Bruno Family Charitable Foundation generated $91.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $95.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Bruno Family Charitable Foundation has awarded 216 individual grants totaling $415,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION IS ORGANIZED TO ENGAGE DIRECTLY IN THE SUPPORT OF CHARITABLE, BENEVOLENT, RELIGIOUS, ELEEMOSYNARY, LITERACY, PATRIOTIC, CIVIC, SCIENTIFIC, AND EDUCATIONAL PURPOSES, AND TO SUPPORT OTHER QUALIFYING ORGANIZATIONS OR ENTITIES ENGAGED IN SUCH PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl R Bruno Jr President | 1 | $0 | |
Deborah W Bruno VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $56,500 |
| Interest on Savings | $8 |
| Dividends & Interest | $7,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,857 |
| Capital Gain Net Income | $26,857 |
| Net ST Capital Gain | $15,924 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,970 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $172 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,102 |
| Contributions, gifts, grants paid | $87,500 |
| Total expenses and disbursements | $95,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406 |
| Savings and temporary cash investments | $0 |
| 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 | $54,374 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $27,914 |
| Total assets | $290,106 |
| 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, Bruno Family Charitable Foundation has awarded $87,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: GENERAL OPERATIONS | $10,000 |
FOCUS ON THE FAMILY PURPOSE: GENERAL OPERATIONS | $7,500 |
MAKE A WISH FOUNDATION OF WEST TEXA PURPOSE: GENERAL OPERATIONS | $7,500 |
CHILDREN OF NEW HORIZONS PURPOSE: GENERAL OPERATIONS | $7,500 |
BUCKNER FOUNDATION PURPOSE: GENERAL OPERATIONS | $7,500 |
WEST TEXAS REHAB - SAN ANGELO PURPOSE: GENERAL OPERATIONS | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jane P And Wiley L Mossy Jr Foundation Houston, TX | $339,084 | $6,855,893 |
Gene And Jerry Jones Family-Dallas Cowboys Charities Frisco, TX | $3,095,461 | $7,273,707 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |
Marshall Legacy Foundation Metairie, LA | $37,157,594 | $21,197,543 |
Gods Light In The Darkness Foundation Carlbad, NM | $31,530,012 | $790,978 |
Marshall Heritage Foundation Metairie, LA | $15,210,686 | $21,134,216 |
Mary E Bivins Trust Amarillo, TX | $23,577,867 | $7,091,283 |
Norman H Read 1985 Trust Amarillo, TX | $61,022,769 | $8,703,971 |
Arlene And Joseph Meraux Charitable Foundation Violet, LA | $95,291,949 | $9,307,858 |
East Texas Medical Center Regional Healthcare System Tyler, TX | $164,248,819 | $57,646,365 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $97,006,761 | $1,880,279 |
James A Buddy Davidson Charitable Foundation Midland, TX | $104,683,845 | $20,028,427 |