Finn Brooks Family Foundation Inc
- Assets
- $2.3m
- Revenue
- $75.0k
- Investments
- $1.9m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 26-1324841
Organization Overview
Finn Brooks Family Foundation Inc is located in Atlanta, GA. The organization was established in 2008. 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. Finn Brooks Family 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 12/2022, Finn Brooks Family Foundation Inc generated $75.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $334.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Finn Brooks Family Foundation Inc has awarded 88 individual grants totaling $2,452,050. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oliver Brooks Jr President & Chairman | 5 | $0 | |
Martha Finn Brooks Ceo, Secretary & Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,196 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,421 |
| Capital Gain Net Income | $21,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,375 |
| Total Revenue | $74,992 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,279 |
| Taxes | $9,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1 |
| Total operating and administrative expenses | $21,381 |
| Contributions, gifts, grants paid | $313,000 |
| Total expenses and disbursements | $334,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $402,701 |
| 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 | $810,027 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,254,491 |
| 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, Finn Brooks Family Foundation Inc has awarded $313,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
THE PAIDEIA SCHOOL PURPOSE: EDUCATION GRANT | $50,000 |
CARE PURPOSE: GENERAL OPERATIONS GRANT | $125,000 |
HATHAWAY BROWN SCHOOL PURPOSE: ASPIRE PROGRAM ENDOWMENT | $30,000 |
SPELMAN COLLEGE PURPOSE: CORP. LEADERSHIP MENTORING | $25,000 |
THRESHOLD COMMUNITY PROGRAM PURPOSE: GENERAL OPERATIONS GRANT | $20,000 |
THE CARTER CENTER PURPOSE: GENERAL OPERATIONS GRANT | $10,000 |