M K Brown Foundation Inc
- Assets
- $6.6m
- Revenue
- $599.0k
- Investments
- $6.3m
- Employees
- 0
- Location
- Pampa, TX
- Founding
- 07/1961
- Data as of
- 12/2022
- EIN
- 75-6034058
Organization Overview
M K Brown Foundation Inc is located in Pampa, TX. The organization was established in 1961. 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. M K 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 12/2022, M K Brown Foundation Inc generated $599.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $394.1k during the year ending 12/2022. While expenses have increased by 0.9% 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 2015, M K Brown Foundation Inc has awarded 268 individual grants totaling $1,969,281. 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 |
|---|---|---|---|
Leland W Waters Chairman | 10 | $15,000 | |
Doug Carmichael Vice Chmn | 0 | $0 | |
Ja Johnson Sec/treas | 0 | $0 | |
Diane Waters Asst Sec/treas | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $133,214 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $321,990 |
| Capital Gain Net Income | $321,990 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $143,758 |
| Total Revenue | $598,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $22,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,970 |
| Depreciation | $0 |
| Occupancy | $7,477 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,239 |
| Total operating and administrative expenses | $133,944 |
| Contributions, gifts, grants paid | $260,181 |
| Total expenses and disbursements | $394,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $190,577 |
| 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 | $17,925 |
| Net Land, buildings, and equipment | $142,308 |
| Other assets | $527 |
| Total assets | $6,631,362 |
| Accounts payable and accrued expenses | $8,251 |
| 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 | $8,251 |
Grants Awarded
Over the last fiscal year, M K Brown Foundation Inc has awarded $260,181 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
THE AMARILLO SYMPHONY PURPOSE: PROGRAM SUPPORT | $2,500 |
ABILENE CHRISTIAN UNIVERSITY PURPOSE: SCHOLARSHIPS | $2,500 |
CASA OF THE HIGH PLAINS PURPOSE: REMODELING | $5,000 |
TEXAS PLAINS GIRL SCOUTS PURPOSE: SPECIFIC FUNDING NEEDS | $15,000 |
MAKE A WISH FOUNDATION PURPOSE: DIRECT WISH EXPENSES | $5,000 |
GOLDEN SPREAD COUNCIL BOY SCOUTS PURPOSE: OPERATING EXPENSES & SEPTIC SYSTEMS | $35,000 |