Maddocks-Brown Foundation
- Assets
- $904.8k
- Revenue
- $76.4k
- Investments
- $857.2k
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 10/2009
- Data as of
- 12/2023
- EIN
- 27-0844490
Organization Overview
Maddocks-Brown Foundation is located in Santa Monica, CA. The organization was established in 2009. 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. Maddocks-Brown 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, Maddocks-Brown Foundation generated $76.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $33.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Maddocks-Brown Foundation has awarded 20 individual grants totaling $372,590. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Brown President | 0 | $0 | |
Russell Brown Director | 0 | $0 | |
Dr Susan Baker Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,484 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,054 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,849 |
| Capital Gain Net Income | $30,849 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $76,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $617 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,076 |
| Total operating and administrative expenses | $13,197 |
| Contributions, gifts, grants paid | $20,223 |
| Total expenses and disbursements | $33,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,932 |
| 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 | $431,576 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,700 |
| Total assets | $904,782 |
| 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, Maddocks-Brown Foundation has awarded $20,223 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST BREAK ACADEMY PURPOSE: QUALIFIED CHARITABLE PURPOSES | $2,000 |
FRIENDS OF RESIDENTIAL TREASURESLA PURPOSE: QUALIFIED CHARITABLE PURPOSES | $13,223 |
UTAH FILM CENTER PURPOSE: QUALIFIED CHARITABLE PURPOSES | $5,000 |