Will Bracken Family Foundation
- Assets
- $476.1k
- Revenue
- $29.5k
- Investments
- $418.4k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 41-2022611
Organization Overview
Will Bracken Family Foundation is located in Minneapolis, MN. The organization was established in 2002. 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. Will Bracken 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 12/2023, Will Bracken Family Foundation generated $29.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $165.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Will Bracken Family Foundation has awarded 183 individual grants totaling $856,875. 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 |
|---|---|---|---|
William M Bracken President/treasurer | 0 | $0 | |
Margaret Bracken Vice Pres/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,835 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,398 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,259 |
| Capital Gain Net Income | $14,259 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $763 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16 |
| Total operating and administrative expenses | $6,407 |
| Contributions, gifts, grants paid | $158,600 |
| Total expenses and disbursements | $165,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,616 |
| Savings and temporary cash investments | $0 |
| 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 | $295,514 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $135 |
| Total assets | $476,125 |
| 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, Will Bracken Family Foundation has awarded $158,600 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ALIGHT PURPOSE: TO PROVIDE FOR OPERATIONS | $2,000 |
AMERICAN COMPOSERS FORUM PURPOSE: TO PROVIDE FOR OPERATIONS | $100 |
BORDER PARTNERS PURPOSE: TO PROVIDE FOR OPERATIONS | $100 |
BEACON PURPOSE: TO PROVIDE FOR OPERATIONS | $10,000 |
CARLETON COLLEGE PURPOSE: TO PROVIDE FOR OPERATIONS | $10,000 |
COMPASSION & CHOICES PURPOSE: TO PROVIDE FOR OPERATIONS | $100 |