The Joseph S Bruno Charitable Foundation
- Assets
- $17.2m
- Revenue
- $1.6m
- Investments
- $17.2m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 10/1985
- Data as of
- 12/2023
- EIN
- 63-0936234
Organization Overview
The Joseph S Bruno Charitable Foundation is located in Birmingham, AL. The organization was established in 1985. 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. Joseph S Bruno Charitable 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 12/2023, Joseph S Bruno Charitable Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $724.5k during the year ending 12/2023. While expenses have increased by 2.0% 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.
Since 2017, Joseph S Bruno Charitable Foundation has awarded 240 individual grants totaling $2,931,300. 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 |
|---|---|---|---|
Benny M Larussa Jr Chairman | 1 | $0 | |
Robert H Sprain Jr Secretary | 1 | $0 | |
Marian L Phillips Vice Chairman | 1 | $0 | |
Karen Persinger Board Member | 1 | $0 | |
Megan Larussa Chenoweth Board Member | 1 | $0 | |
Thomas Persinger Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $80,117 |
| Dividends & Interest | $367,677 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,089,372 |
| Capital Gain Net Income | $1,089,372 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $60,743 |
| Total Revenue | $1,597,909 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $661 |
| Taxes | $35,124 |
| Depreciation | $1,522 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,071 |
| Printing and publications | $0 |
| Other expenses | $16,453 |
| Total operating and administrative expenses | $260,034 |
| Contributions, gifts, grants paid | $464,500 |
| Total expenses and disbursements | $724,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,653 |
| Savings and temporary cash investments | $0 |
| 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 | $17,199,744 |
| Net Land, buildings, and equipment | $5,648 |
| Other assets | $0 |
| Total assets | $17,213,045 |
| 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, The Joseph S Bruno Charitable Foundation has awarded $464,500 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
BETTER BASICS PURPOSE: CHARITABLE | $12,500 |
ALABAMA SYMPHONY ORCHESTRA PURPOSE: CHARITABLE | $15,000 |
BIRMINGHAM CHILDREN'S THEATRE PURPOSE: CHARITABLE | $10,000 |
BREAKTHROUGH COLLABORATIVE PURPOSE: CHARITABLE | $10,000 |
COMMUNITY CARE DEVELOPMENT NETWORK PURPOSE: CHARITABLE | $15,000 |
MCWANE SCIENCE CENTER PURPOSE: CHARITABLE | $10,000 |