Br Foundation
- Assets
- $1.2m
- Revenue
- $43.2k
- Investments
- $916.4k
- Employees
- 0
- Location
- Michigan City, IN
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 35-2014496
Organization Overview
Br Foundation is located in Michigan City, IN. The organization was established in 1997. 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. Br 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 12/2022, Br Foundation generated $43.2k 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 (20.6%) each year. All expenses for the organization totaled $46.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Br Foundation has awarded 56 individual grants totaling $179,398. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,323 |
| Interest on Savings | $1,679 |
| Dividends & Interest | $5,507 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,670 |
| Capital Gain Net Income | $3,670 |
| Net ST Capital Gain | $3,670 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,179 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $836 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $545 |
| Total operating and administrative expenses | $2,431 |
| Contributions, gifts, grants paid | $44,498 |
| Total expenses and disbursements | $46,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $279,014 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,195,446 |
| 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, Br Foundation has awarded $44,498 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
INDIAN AMERICAN CULTURAL CTR PURPOSE: GENERAL PURPOSE | $23,352 |
HINDU TEMPLE OF GREATER CHICAGO PURPOSE: RELIGIOUS | $501 |
SALAVATION ARMY PURPOSE: GENERAL PURPOSE | $1,100 |
CENTER FOR CREATIVE SOLUTIONS PURPOSE: LEGAL ASSISTANCE | $2,500 |
FRANCISCAN HEALTH FOUNDATION PURPOSE: NURSING SCHOLARSHIP | $6,395 |
GOODWILL PURPOSE: GENERAL PURPOSE | $3,950 |