Stephen Breen Memorial Foundation Inc
- Assets
- $1.3m
- Revenue
- $295.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 09/2005
- Data as of
- 12/2023
- EIN
- 35-2238435
Organization Overview
Stephen Breen Memorial Foundation Inc is located in Fort Worth, TX. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stephen Breen Memorial 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 12/2023, Stephen Breen Memorial Foundation Inc generated $295.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $244.9k during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Stephen Breen Memorial Foundation Inc has awarded 156 individual grants totaling $1,410,358. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES FINANCIAL AID TO CHILDREN WHO SEEK THE STRENGHT AND VALUES OF A CATHOLIC EDUCATION AND TO THOSE CHILDREN AND THEIR FAMILIES WHO ARE AFFLICTED BY CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FINANCIAL AID TO LOCAL CHILDREN WHO SEEK THE STRENGTH AND VALUES OF A CATHOLIC EDUCATION. DURING 2023, EDUCATIONAL GRANTS WERE PROVIDED TO AROUND 195 PEOPLE.
THE FOUNDATION PROVIDES FINANCIAL AID TO THOSE COURAGEOUS CHILDREN AND THEIR FAMILIES WHOSE LIVES ARE AFFLICTED BY CANCER. DURING 2023, CANCER AID WAS PROVIDED TO 10 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Pennebaker Director | Trustee | 1 | $0 |
Mike Flynn Director | Trustee | 1 | $0 |
Lisa Fischer Director | Trustee | 1 | $0 |
Ginger Bergman Director | Trustee | 10 | $0 |
Connie Brown Director | Trustee | 1 | $0 |
Kathy Breen Secretary | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $122,884 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,264 |
| Total Program Service Revenue | $0 |
| Investment income | $41,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30 |
| Net Income from Fundraising Events | -$31,667 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $295,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $193,000 |
| Grants and other assistance to domestic individuals. | $48,019 |
| 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 | $0 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,116 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,555 |
| Total functional expenses | $244,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,140 |
| Savings and temporary cash investments | $978,805 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,262,945 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,262,945 |
| Total liabilities and net assets/fund balances | $1,262,945 |
Grants Awarded
Over the last fiscal year, Stephen Breen Memorial Foundation Inc has awarded $193,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS CATHOLIC SCHOOL PURPOSE: CATHOLIC SCHOOL TUITION | $9,000 |
CASSATA CATHOLIC HIGH SCHOOL PURPOSE: CATHOLIC SCHOOL TUITION | $9,000 |
HOLY TRINITY CATHOLIC SCHOOL PURPOSE: CATHOLIC SCHOOL TUITION | $9,000 |
HOLY FAMILY CATHOLIC SCHOOL PURPOSE: CATHOLIC SCHOOL TUITION | $9,000 |
IMMACULATE CONCEPTION CATHOLIC SCHO PURPOSE: CATHOLIC SCHOOL TUITION | $9,000 |
NOLAN CATHOLIC HIGH SCHOOL PURPOSE: CATHOLIC SCHOOL TUITION | $50,000 |