Carol Young Brooke Foundation
- Assets
- $6.3m
- Revenue
- $749.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Manhattan Beach, CA
- Founding
- 05/1999
- Data as of
- 12/2023
- EIN
- 95-4692391
Organization Overview
Carol Young Brooke Foundation is located in Manhattan Beach, CA. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carol Young Brooke 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, Carol Young Brooke Foundation generated $749.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $6.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Carol Young Brooke Foundation has awarded 93 individual grants totaling $351,200. 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 |
|---|---|---|---|
Honorable Edward M Ross Director | 25 | $0 | |
Michael P Chmura Director | 40 | $31,000 | |
Lori Ross President | 40 | $66,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $194,046 |
| Net Rental Income | $171,448 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $749,245 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $97,000 |
| Other employee salaries and wages | $31,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,738 |
| Depreciation | $157,210 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,550,943 |
| Total operating and administrative expenses | $6,915,695 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,915,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $905,760 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $17,962 |
| 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 | $300 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,411,850 |
| Other assets | $1,001 |
| Total assets | $6,336,873 |
| 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 | $23,880 |
| Total liabilities | $23,880 |
Grants Awarded
Over the last fiscal year, Carol Young Brooke Foundation has awarded $58,800 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION OF THE UNITED STATES NA PURPOSE: FOR CHARITABLE PURPOSES | $2,500 |
ALABAMA HILLEL PURPOSE: FOR CHARITABLE PURPOSES | $400 |
BRAILLE INSTITUE OF AMERICA PURPOSE: BLIND RESEARCH | $2,500 |
CALIFORNIA TROUT PURPOSE: FOR CHARITABLE PURPOSES | $4,000 |
E-ACESS FOUNDATION PURPOSE: EYE RESEARCH | $10,000 |
GLAUCOMA RESEARCH FOUNDATION PURPOSE: GLAUCOMA RESEARCH | $10,000 |