Joseph S Bruno Educational Foundation
- Assets
- $6.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 35
- Location
- Birmingham, AL
- Founding
- 07/1983
- Data as of
- 08/2022
- EIN
- 63-0816873
Organization Overview
Joseph S Bruno Educational Foundation is located in Birmingham, AL. The organization was established in 1983. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2022, Joseph S Bruno Educational Foundation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph S Bruno Educational Foundation 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 08/2022, Joseph S Bruno Educational Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.1m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A LEARNING ENVIRONMENT FOR YOUNG CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOSEPH S. BRUNO MONTESSORI ACADEMY PROVIDES A LEARNING ENVIRONMENT FOR CHILDREN 22 MONTHS OF AGE THROUGH THE EIGHTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Larussa President | OfficerTrustee | 10 | $0 |
Robert Sprain Jr Secretary/treasurer | OfficerTrustee | 1 | $0 |
Hina Patel Director | Trustee | 1 | $0 |
Jay Waters Director | Trustee | 1 | $0 |
William Belser Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,881 |
| Total Program Service Revenue | $1,248,622 |
| Investment income | $109,832 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,606 |
| Net Gain/Loss on Asset Sales | $131,484 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,657,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,119,783 |
| Pension plan accruals and contributions | $18,406 |
| Other employee benefits | $2,500 |
| Payroll taxes | $86,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,097 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,108 |
| Office expenses | $16,854 |
| Information technology | $12,466 |
| Royalties | $0 |
| Occupancy | $119,354 |
| Travel | $260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,073 |
| Insurance | $214,739 |
| All other expenses | $60,973 |
| Total functional expenses | $2,082,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,734 |
| Savings and temporary cash investments | $89,985 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,289 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,100,993 |
| Investments—publicly traded securities | $4,135,059 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,500 |
| Total assets | $6,650,560 |
| Accounts payable and accrued expenses | $12,669 |
| Grants payable | $0 |
| Deferred revenue | $549,075 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,076 |
| Total liabilities | $563,820 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,086,740 |
| Total liabilities and net assets/fund balances | $6,650,560 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Joseph S Bruno Educational Foundation has recieved totaling $132.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $132 |
Peer Organizations
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|---|---|---|
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Children First Inc Sarasota, FL | $8,906,542 | $13,314,523 |
Washington County Opportunities Inc Greenville, MS | $2,892,910 | $12,059,595 |
Le Jardin Community Center Inc Homestead, FL | $6,704,998 | $12,650,316 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Pine School Inc Hobe Sound, FL | $19,297,694 | $13,018,702 |
Gulfstream School Inc Gulf Stream, FL | $26,409,353 | $8,595,738 |
Jacksonville Country Day School Jacksonville, FL | $17,414,730 | $8,804,940 |
The Augusta Preparatory Day School Martinez, GA | $25,344,401 | $14,944,838 |
High Meadows School Inc Roswell, GA | $15,794,704 | $8,144,978 |
Sumter County Opportunities Inc Livingston, AL | $567,206 | $6,863,023 |
Greenwood Leflore Educational Foundation Inc Greenwood, MS | $27,528,848 | $8,465,587 |