Andy Bruce Foundation
- Assets
- $891.7k
- Revenue
- $38.9k
- Investments
- $843.7k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 84-4485845
Organization Overview
Andy Bruce Foundation is located in Wilmington, DE. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Andy Bruce 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, Andy Bruce Foundation generated $38.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (54.9%) each year. All expenses for the organization totaled $48.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra M Bruce Dir, VP | 1 | $0 | |
Gillian G Bruce Dir, VP | 1 | $0 | |
Gretchen V Bruce Dir, Sec, Treas, VP | 1 | $0 | |
Scott Bruce Dir, Pres, Chairman Of The Brd | 1 | $0 | |
Sarah V Cantley Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $1,466 |
| Dividends & Interest | $32,572 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,855 |
| Capital Gain Net Income | $2,855 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,893 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $225 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,048 |
| Total operating and administrative expenses | $13,661 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $48,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,007 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $891,671 |
| 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, Andy Bruce Foundation has awarded $35,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS CRISIS TREATMENT CENTER INC PURPOSE: SUMMER CAMP PROGRAMS | $10,000 |
MIGHTY OAKES HEART FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
CONCUSSION LEGACY FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
WALLINGFORD-SWARTHMORE SCHOOL DISTRICT PURPOSE: THE ANDY BRUCE MEMORIAL SCHOLARSHIP FUND | $5,000 |
COLGATE UNIVERSITY PURPOSE: ANDREW G. BRUCE '11 ENDOWED SCHOLARSHIP FUND | $10,000 |