Royal Brook Community Foundation Inc is located in Houston, TX. The organization was established in 2016. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal Brook Community Foundation Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Royal Brook Community Foundation Inc generated $142.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $22.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ORGANIZATION PROVIDED FUNDING FOR SCHOOL AND COMMUNITY ACTIVITIES INCLUDING SPECIFIC TUITION OR EXPENSE PAYMENTS FOR THE WELFARE AND BENEFIT OF THE COMMUNITY AND RESIDENTS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Davis President | 2 | $0 | |
Bryan Paniagua Treasurer | 2 | $0 | |
Kim Stewart Vice President | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $140,091 |
| Investment income | $2,703 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $142,794 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,712 |
| Occupancy, rent, utilities, and maintenance | $809 |
| Printing, publications, postage, and shipping | $194 |
| Other expenses | $963 |
| Total expenses | $22,578 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $398,565 |
| Other assets | $0 |
| Total assets | $405,083 |
| Total liabilities | $2,632 |
| Net assets or fund balances | $402,451 |