Brownell Family Foundation Rt 2
- Assets
- $2.7m
- Revenue
- $25.0k
- Investments
- $2.6m
- Employees
- 0
- Location
- Grinnell, IA
- Founding
- 12/1986
- Data as of
- 12/2022
- EIN
- 42-1276134
Organization Overview
Brownell Family Foundation Rt 2 is located in Grinnell, IA. The organization was established in 1986. 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. Brownell Family Foundation Rt 2 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, Brownell Family Foundation Rt 2 generated $25.0k 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 (41.5%) each year. All expenses for the organization totaled $800.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Brownell Family Foundation Rt 2 has awarded 50 individual grants totaling $2,199,555. 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 |
|---|---|---|---|
Frank R Brownell III Trustee | 1 | $0 | |
Peter R Brownell Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,000 |
| Interest on Savings | $1,700 |
| Dividends & Interest | $52,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$70,794 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,459 |
| Total Revenue | $25,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $16 |
| Taxes | $2,958 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,044 |
| Total operating and administrative expenses | $48,175 |
| Contributions, gifts, grants paid | $751,775 |
| Total expenses and disbursements | $799,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $39,875 |
| 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 | $2,594,150 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $50,030 |
| Total assets | $2,684,054 |
| 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, Brownell Family Foundation Rt 2 has awarded $751,775 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN EXPRESS ASSOCIATION PURPOSE: CHARITABLE | $22,222 |
BOONE AND CROCKETT CLUB FOUNDATION PURPOSE: CHARITABLE | $20,000 |
BOY SCOUTS OF AMERICA PURPOSE: CHARITABLE | $10,000 |
CGSC FOUNDATION PURPOSE: CHARITABLE | $7,500 |
DES MOINES METRO OPERA PURPOSE: CHARITABLE | $100,000 |
FIREARMS POLICY FOUNDATION PURPOSE: CHARITABLE | $22,222 |