Brass Family Foundation
- Assets
- $2.1m
- Revenue
- $69.1k
- Investments
- $2.2m
- Employees
- 0
- Location
- Lennox, SD
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 20-8084679
Organization Overview
Brass Family Foundation is located in Lennox, SD. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Brass Family 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 12/2023, Brass Family Foundation generated $69.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $124.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Brass Family Foundation has awarded 63 individual grants totaling $1,110,500. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorin L Brass President | 4 | $0 | |
Adam Brand Vice President | 1 | $0 | |
Jennifer L Brand Secretary | 1 | $0 | |
Mary H Brass Treasurer | 4 | $0 | |
Brian D Shephard Trustee | 4 | $0 | |
Mary G Brass Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,449 |
| Dividends & Interest | $76,552 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,895 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,106 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $978 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,686 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $124,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$76,864 |
| 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 | $1,934,422 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,128,230 |
| 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, Brass Family Foundation has awarded $100,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST TEE OF SOUTH DAKOTA PURPOSE: GENERAL ASSISTANCE | $12,000 |
FRANCISCAN SISTERS OF LITTLE FALLS PURPOSE: GENERAL ASSISTANCE | $5,000 |
SD MINES CENTER FOR ALUMNI RELATIONS AND ADVANCEMENT (CARA) PURPOSE: GENERAL ASSISTANCE | $47,000 |
RAPID CITY NEWMAN CENTER PURPOSE: GENERAL ASSISTANCE | $14,000 |
SOUTH DAKOTA HUMANITIES COUNCIL PURPOSE: GENERAL ASSISTANCE | $10,000 |
CRAZY HORSE MEMORIAL FOUNDATION PURPOSE: GENERAL ASSISTANCE | $12,000 |