Monroe-Brown Foundation
- Assets
- $25.5m
- Revenue
- $919.0k
- Investments
- $21.9m
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 04/1984
- Data as of
- 12/2022
- EIN
- 38-2513263
Organization Overview
Monroe-Brown Foundation is located in Kalamazoo, MI. The organization was established in 1984. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Monroe-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 12/2022, Monroe-Brown Foundation generated $919.0k 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 (16.1%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Monroe-Brown Foundation has awarded 69 individual grants totaling $4,605,690. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Brown Jr Secretary, Trustee | 0.01 | $0 | |
A J Todd IV Vice President, Trustee | 0.01 | $0 | |
Jane B Todd Treasurer, Trustee | 0.01 | $0 | |
Frederick O Brown President, Trustee | 0.01 | $0 | |
Andrew Brown Trustee | 0.01 | $0 | |
Catherine E Brown Webb Trustee | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $444,674 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $474,362 |
| Capital Gain Net Income | $1,218,260 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $919,036 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,287 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $129,017 |
| Printing and publications | $0 |
| Other expenses | $2,728 |
| Total operating and administrative expenses | $307,609 |
| Contributions, gifts, grants paid | $1,630,619 |
| Total expenses and disbursements | $1,938,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,418,085 |
| 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 | $170,687 |
| Total assets | $25,483,173 |
| 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, Monroe-Brown Foundation has awarded $1,630,619 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
KALAMAZOO COLLEGE PURPOSE: USTA | $5,000 |
KALAMAZOO VALLEY COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $2,500 |
KALAMAZOO COUNTY READY 4S PURPOSE: GENERAL | $50,000 |
LOY NORRIX HIGH SCHOOL PURPOSE: GENERAL | $2,500 |
SOUTHWEST MICHIGAN FIRST PURPOSE: COUNCIL OF 100 CHAMBER | $7,500 |
UNIVERSITY OF MICHIGAN PURPOSE: INNOVATION FUND | $700,000 |