Cary Brown Family Foundation
- Assets
- $12.7m
- Revenue
- $867.2k
- Investments
- $562.6k
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 09/2005
- Data as of
- 12/2019
- EIN
- 30-0298993
Organization Overview
Cary Brown Family Foundation is located in Colorado Springs, CO. 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.
For the year ending 12/2019, Cary Brown Family Foundation generated $867.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $7.3m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Cary Brown Family Foundation has awarded 46 individual grants totaling $7,700,318. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE PURPOSES OF CHRISTIAN COMMUNITY FOUNDATION, INC. D/B/A WATERSTONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED AND OPERATED TO SUPPORT CHRISTIAN COMMUNITY FOUNDATION D/B/A WATERSTONE AND OTHER PUBLIC CHARITIES WHOSE WORK FURTHERS WATERSTONE'S PURPOSES BY RECEIVING AND MANAGING CHARITABLE CONTRIBUTIONS TO SUPPORT THOSE MINISTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mulder Assistant Treasurer | OfficerTrustee | 1 | $0 |
Cary Brown President/chairman | OfficerTrustee | 1 | $0 |
Chris Start Treasurer/assistant Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $400,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,344 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $430,344 |
| Total Program Service Revenue | $0 |
| Investment income | $316,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,400 |
| Net Gain/Loss on Asset Sales | $115,159 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $867,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,767,290 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,881 |
| Fees for services: Accounting | $3,209 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,303 |
| Fees for services: Other | $241,693 |
| Advertising and promotion | $250 |
| Office expenses | $579 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,196 |
| Travel | $7,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,097 |
| Insurance | $20,847 |
| All other expenses | $24 |
| Total functional expenses | $7,273,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $150,035 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,101,221 |
| Investments—publicly traded securities | $9,817,175 |
| Investments—other securities | $562,640 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,000 |
| Total assets | $12,711,071 |
| Accounts payable and accrued expenses | $38,076 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $286,437 |
| Total liabilities | $324,513 |
| Net assets without donor restrictions | $12,386,558 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,711,071 |
Grants Awarded
Over the last fiscal year, Cary Brown Family Foundation has awarded $6,635,717 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $4,910,646 |
Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $493,235 |
Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $435,103 |
Midland, TX PURPOSE: GENERAL SUPPORT | $135,400 |
Brentwood, TN PURPOSE: GENERAL SUPPORT | $120,000 |
Abilene, TX PURPOSE: GENERAL SUPPORT | $116,333 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cary Brown Family Foundation has recieved totaling $400,000.
| Awarding Organization | Amount |
|---|---|
Moriah Foundation Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $350,000 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diane And Bruce Halle Foundation Scottsdale, AZ | $79,155 | $15,113,571 |
Joseph W Craft Iii Foundation Tulsa, OK | $107,043,900 | $13,770,647 |
Charityvision International Inc Provo, UT | $10,100,224 | $13,208,299 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
The Helmerich Trust Tulsa, OK | $96,668,399 | $14,406,750 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $95,801,040 | $42,299,749 |
Cary Brown Family Foundation Colorado Springs, CO | $12,711,071 | $867,158 |
Allen Wyoming Foundation Inc Cody, WY | $23,298,449 | $30,117,629 |
Marshall L And Perrine D Mccune Charitable Foundation Santa Fe, NM | $104,513,402 | $4,266,840 |
Maffei Foundation Denver, CO | $13,112,642 | $182,093 |
Gods Light In The Darkness Foundation Carlbad, NM | $37,799,183 | $42,285,024 |
Py Foundation Artesia, NM | $60,400,626 | $1,216,151 |