Brookfield Inc
- Assets
- $11.7m
- Revenue
- $426.7k
- Investments
- $11.3m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 05/1939
- Data as of
- 12/2023
- EIN
- 54-0638415
Organization Overview
Brookfield Inc is located in Richmond, VA. The organization was established in 1939. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Brookfield 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, Brookfield Inc generated $426.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $682.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Brookfield Inc has awarded 82 individual grants totaling $4,277,500. 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 |
|---|---|---|---|
John Walker President | 5 | $0 | |
Willie J Bell Jr Vice President | 5 | $0 | |
Thomas Bean Treasurer | 1 | $0 | |
Arrion Dennis Secretary | 1 | $0 | |
Yvonne Brandon Director | 1 | $0 | |
Denise Dickerson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,032 |
| Interest on Savings | $0 |
| Dividends & Interest | $253,280 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $165,369 |
| Capital Gain Net Income | $165,369 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $426,681 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,558 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,864 |
| Total operating and administrative expenses | $120,610 |
| Contributions, gifts, grants paid | $562,000 |
| Total expenses and disbursements | $682,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,847 |
| Savings and temporary cash investments | $350,322 |
| 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 | $14,842 |
| Total assets | $11,693,486 |
| 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, Brookfield Inc has awarded $562,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
PATH PARTNERSHIPS PURPOSE: GENERAL | $2,000 |
BLUE SKY FUND PURPOSE: GENERAL | $50,000 |
COMMUNITIES IN SCHOOLS OF RICHMOND PURPOSE: GENERAL | $100,000 |
HUMAN KIND PURPOSE: GENERAL | $70,000 |
GRASP PURPOSE: GENERAL | $100,000 |
JAMES RIVER ASSOCIATION PURPOSE: GENERAL | $50,000 |