Lorna Jean Brooks Foundation Inc
- Assets
- $90.1k
- Revenue
- $15.2k
- Investments
- $85.4k
- Employees
- 0
- Location
- Deland, FL
- Founding
- 02/1989
- Data as of
- 09/2023
- EIN
- 59-2905017
Organization Overview
Lorna Jean Brooks Foundation Inc is located in Deland, FL. The organization was established in 1989. 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. Lorna Jean Brooks Foundation 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 09/2023, Lorna Jean Brooks Foundation Inc generated $15.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $14.0k during the year ending 09/2023. While expenses have increased by 4.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorna Jean Hagstrom President | 0 | $0 | |
Lars Brooks Hagstrom Vice Preside | 0 | $0 | |
Kirsten Hagstrom-Rodriguez Secretary | 0 | $0 | |
William Rodriguez Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $437 |
| Dividends & Interest | $9,740 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $129 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $371 |
| Total operating and administrative expenses | $1,225 |
| Contributions, gifts, grants paid | $12,750 |
| Total expenses and disbursements | $13,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $4,673 |
| 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 | $0 |
| Total assets | $90,112 |
| 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, Lorna Jean Brooks Foundation Inc has awarded $12,750 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
STETSON UNIVERSITY PURPOSE: DONATION TO THE GENERAL OPERATING FD | $1,000 |
MUSEUM OF ART - DELAND PURPOSE: DONATION TO THE GENERAL OPERATING FD | $500 |
BOY SCOUTS PURPOSE: DONATION TO THE GENERAL OPERATING FD | $200 |
1ST UNITED METHODIST CHURCH DELAND PURPOSE: DONATION TO THE GENERAL OPERATING FD | $650 |
PBS STATION WUCF PURPOSE: DONATION TO THE GENERAL OPERATING FD | $100 |
FALL FESTIVAL OF THE ARTS - DELAND PURPOSE: DONATION TO THE GENERAL OPERATING FD | $400 |