Cary Brown Family Foundation
- Assets
- $15.8m
- Revenue
- $3.0m
- Investments
- $244.7k
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 09/2005
- Data as of
- 12/2021
- 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. Cary Brown 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 12/2021, Cary Brown Family Foundation generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Cary Brown Family Foundation has awarded 118 individual grants totaling $17,865,441. 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
2021
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 |
Chris Start Treasurer/assistant Secretary | OfficerTrustee | 1 | $0 |
Cary Brown President/chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,312,348 |
| Investment income | $149,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,578,744 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,045,254 |
| Statement of Expenses | |
|---|---|
| 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 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 | $48,976 |
| Fees for services: Legal | $525 |
| Fees for services: Accounting | $3,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,355 |
| Fees for services: Other | $256,105 |
| Advertising and promotion | $0 |
| Office expenses | $1,742 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,019 |
| Travel | $5,078 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,561 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,848 |
| Insurance | $13,473 |
| All other expenses | $0 |
| Total functional expenses | $1,820,560 |
| 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 | $7,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $12,663,945 |
| Investments—other securities | $244,705 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,000 |
| Total assets | $15,829,572 |
| Accounts payable and accrued expenses | $842,124 |
| 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 | $381,731 |
| Total liabilities | $1,223,855 |
| Net assets without donor restrictions | $14,605,717 |
| 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 |
| Total liabilities and net assets/fund balances | $14,605,717 |
Grants Awarded
Over the last fiscal year, Cary Brown Family Foundation has awarded $5,324,009 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRIORITY OF AMERICA INC PURPOSE: GENERAL SUPPORT | $245,000 |
KWO MINISTRIES PURPOSE: GENERAL SUPPORT | $15,000 |
OKLAHOMA CHRISTIAN UNIVERSITY PURPOSE: GENERAL SUPPORT AND STUDENT CONFERENCE | $150,000 |
MIDLAND CHRISTIAN SCHOOL PURPOSE: SUPPORT -TUITION FUND | $13,685 |
FRIENDS OF UNITED HATZALAH PURPOSE: GENERAL SUPPORT | $20,000 |
FIRST LIBERTY INSTITUTE PURPOSE: GENERAL SUPPORT | $25,000 |