Brothers Project
- Assets
- $49.7k
- Revenue
- $76.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Islamorada, FL
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-2615814
Organization Overview
Brothers Project is located in Islamorada, FL. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Brothers Project 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, Brothers Project generated $76.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $104.5k during the year ending 12/2022. 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
THE BROTHERS PROJECT IS A 501C3 NON PROFIT ORGANIZATION ESTABLISHED ON JAN. 1, 2019 BY WAYNE AND COLETTE POWELL IN MEMORY OF THEIR THREE BOYS, ANDREW PARKER, JACKSON POWELL, AND JONATHAN PARKER. THIS ORGANIZATION IS BUILT TO RAISE MONEY IN SUPPORT OF CAUSES REFLECTIVE OF THE INTERESTS THAT BECAME THEIR FOCUS, SPECIFICALLY, EDUCATION, CONSERVATION AND SUSTAINABILITY. WE DO THIS BY DONATING THE FUNDS RAISED THROUGH YOUR GENEROUS DONATIONS, SPECIAL EVENTS, AND FUNDRAISING EFFORTS THROUGHOUT THE YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION IS BUILT TO RAISE MONEY IN SUPPORT OF CAUSES REFLECTIVE OF THE INTERESTS THAT BECAME THEIR FOCUS, SPECIFICALLY, EDUCATION, CONSERVATION AND SUSTAINABILITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl W Powell Jr President, Treasurer | OfficerTrustee | 2 | $0 |
Colette Powell Vice President | OfficerTrustee | 2 | $0 |
Courtney Powell Secretary | OfficerTrustee | 2 | $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 | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $74,242 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $104,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,706 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,706 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $18 |
| Total liabilities | $18 |
| Net assets without donor restrictions | $49,688 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $49,706 |
Grants Awarded
Over the last fiscal year, Brothers Project has awarded $95,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GUY HARVEY OCEAN FUND INC PURPOSE: TO FURTHER OCEAN CONSERVATION | $25,000 |
Gainesville, FL PURPOSE: TO AWARD DESERVING STUDENTS FROM MIAMI'S PALMETTO HIGH SCHOOL WHO WILL ATTEND THE UNIVERSITY OF FLORIDA. | $20,000 |
Seattle, WA PURPOSE: TO PROMOTE THE INSPIRATION OF GROWTH, EMPOWERING GLOBAL CITIZENS, AND IGNITING SUSTAINABLE CHANGE WORLDWIDE | $20,000 |
FLORIDA GULF COAST UNIVERSITY PURPOSE: TO ALLOW TO MEMBERS TO JOIN THE G.I.V.E. ORGANIZATION ON THEIR VOLUNTEER TRIPS TO OTHER COUNTRIES. ON THESE TRIPS, VOLUNTEERS TEACH ENGLISH EDUCATION, ECO FRIENDLY INFRASTRUCTURE, ENVIRONMENT, AND WILDLIFE CONSERVATION | $15,000 |
Jacksonville, FL PURPOSE: TO PROVIDE ASSISTANCE AVAILABLE TO VETERANS AND ACTIVE DUTY SERVICE MEMBERS | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Brothers Project has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Healthcare Charity Inc Palm Beach Gardens, FL | $5,074,981 | $9,745,793 |
Don And Angie Seta Foundation Boca Raton, FL | $0 | $7,457,065 |
The Savannah Community Foundation Inc Savannah, GA | $54,173,792 | $9,998,384 |
National Cancer Assistance Foundation Inc Daytona Beach, FL | $587,584 | $4,501,111 |
The Giving Kitchen Initiative Inc Atlanta, GA | $5,202,127 | $3,829,430 |
The Ironman Foundation Inc Tampa, FL | $9,463,048 | $2,918,187 |
Norcross Foundation Inc Jacksonville, FL | $12,948,336 | $5,280,220 |
All Star Childrens Foundation Inc Sarasota, FL | $12,316,461 | $3,561,174 |
Point Gammon Foundation Palm Beach, FL | $4,923,051 | $4,318,443 |
The Charlie & Moll Anderson Foundation Florence, AL | $11,730,320 | $5,057,663 |
Little Kings And Queens Inc Buford, GA | $180,816 | $1,313,209 |
Latham Foundation Atlanta, GA | $1,091,516 | $917,015 |