James Graham Brown Foundation Inc
- Assets
- $402.3m
- Revenue
- $33.1m
- Investments
- $390.2m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 08/1964
- Data as of
- 12/2021
- EIN
- 61-0724060
Organization Overview
James Graham Brown Foundation Inc is located in Louisville, KY. The organization was established in 1964. 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. James Graham Brown 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 12/2021, James Graham Brown Foundation Inc generated $33.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $27.1m during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 6 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.
Since 2017, James Graham Brown Foundation Inc has awarded 155 individual grants totaling $42,181,444. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mason Rummel President, CEO | 50 | $300,000 | |
Kathy Kotcamp Treasurer/secretary, CFO | 30 | $185,000 | |
Bleik Pickett Program Officer | 40 | $140,000 | |
Kelsie Smithson Program Officer | 40 | $101,111 | |
Ashley Parrott Program Officer | 40 | $68,750 | |
Vanessa Cates Office Manager | 40 | $51,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cliffwater Llc | 12/30/21 | $200,000 |
Us Bank | 12/30/21 | $50,593 |
Nuveen Funds | 12/30/21 | $263,753 |
Baird Trust | 12/30/21 | $85,240 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,749 |
| Dividends & Interest | $6,648,330 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,980,037 |
| Capital Gain Net Income | $31,373,399 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $453,691 |
| Total Revenue | $33,107,807 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $683,275 |
| Other employee salaries and wages | $445,428 |
| Pension plans, employee benefits | $255,624 |
| Interest | $0 |
| Taxes | $685,275 |
| Depreciation | $19,368 |
| Occupancy | $126,975 |
| Travel, conferences, and meetings | $36,753 |
| Printing and publications | $0 |
| Other expenses | $998,097 |
| Total operating and administrative expenses | $3,950,628 |
| Contributions, gifts, grants paid | $23,180,110 |
| Total expenses and disbursements | $27,130,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,482,077 |
| Net Accounts receivable | $1,184,044 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $150,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $367,578,190 |
| Net Land, buildings, and equipment | $148,701 |
| Other assets | $122,023 |
| Total assets | $402,253,439 |
| Accounts payable and accrued expenses | $458,485 |
| Grants payable | $875,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,600,000 |
| Total liabilities | $2,933,485 |
Grants Awarded
Over the last fiscal year, James Graham Brown Foundation Inc has awarded $23,430,110 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
Lexington, KY PURPOSE: WEST END OPPORTUNITY PARTNERSHIP | $2,500,000 |
Louisville, KY PURPOSE: PLAYWORKS AT WATERFRONT PARK | $2,000,000 |
CENTRE COLLEGE PURPOSE: BROWN FELLOWS PROGRAM 2021 | $1,113,243 |
Louisville, KY PURPOSE: BEECHER TERRACE RECREATIONAL AMENITIES | $1,000,000 |
ONEWEST CORP PURPOSE: COMMUNITY-LED COMMERCIAL DEVELOPMENT, THE PLAN ROOM & INCREASED ADMINISTRATIVE CAPACITY | $1,000,000 |
Louisville, KY PURPOSE: ENHANCING UNDERGRADUATE STUDENT SUCCESS THROUGH PEER ENGAGEMENT IN HIGH-IMPACT COURSES. | $846,905 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that James Graham Brown Foundation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Hope Scarves Inc Louisville, KY PURPOSE: METASTATIC BREAST CANCER RESEARCH | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |