Brown Foundation Inc
- Assets
- $11.0m
- Revenue
- $1.5m
- Investments
- $6.6m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 06/1986
- Data as of
- 11/2023
- EIN
- 22-2663141
Organization Overview
Brown Foundation Inc is located in Palm Beach, FL. The organization was established in 1986. 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. Brown Foundation Inc 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 11/2023, Brown Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $160.0k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Brown Foundation Inc has awarded 135 individual grants totaling $4,825,387. 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 |
|---|---|---|---|
David Brown President | 0.5 | $0 | |
Adam R Brown Secretary/treasurer | 0.25 | $0 | |
Nikki Mintz Brown Officer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,031,841 |
| Interest on Savings | $67,941 |
| Dividends & Interest | $323,517 |
| Net Rental Income | -$5,966 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,646 |
| Total Revenue | $1,451,820 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $218 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,470 |
| Total operating and administrative expenses | $30,511 |
| Contributions, gifts, grants paid | $129,500 |
| Total expenses and disbursements | $160,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,394,152 |
| Savings and temporary cash investments | $2,367,047 |
| 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 | $41,010 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,266,782 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $544,266 |
| Total assets | $10,990,717 |
| 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 | $26,683 |
| Total liabilities | $26,683 |
Grants Awarded
Over the last fiscal year, Brown Foundation Inc has awarded $129,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ARNOLD P GOLD FOUNDATION PURPOSE: TO PROVIDE COMPASSIONATE, COLLABORATIVE, AND SCIENTIFICALLY EXCELLENT PATIENT CARE | $20,000 |
BIG HEART HOPE INC PURPOSE: TO SUPPORT COMMUNITY OUTREACH AND ASSISTANCE PROGRAMS. | $1,000 |
CATSKILL FOOD PANTRY INC PURPOSE: TO SUPPORT LOCAL HUNGER RELIEF EFFORTS | $15,000 |
FLAT ROCK BROOK PURPOSE: TO PERSERVE NATURE CENTER | $1,000 |
MARTHA'S VINEYARD COMMUNITY SERVICES INC PURPOSE: HELPING COMMUNITY THROUGH EDUCATIONAL AND HEALTH PROGRAMS | $25,000 |
MARTHA'S VINEYARD MV HEBREW CENTER PURPOSE: RELIGIOUS ORGANIZATION | $5,000 |