Broom Family Foundation
- Assets
- $3.7m
- Revenue
- $22.3k
- Investments
- $787.6k
- Employees
- 0
- Location
- New London, NH
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 04-3341452
Organization Overview
Broom Family Foundation is located in New London, NH. The organization was established in 1997. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broom Family 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 12/2021, Broom Family Foundation generated $22.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $206.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Broom Family Foundation has awarded 24 individual grants totaling $224,992. 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 |
|---|---|---|---|
Thomas P Broom Trustee | 0 | $0 | |
Joan M Broom Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $11,648 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,610 |
| Capital Gain Net Income | $10,610 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,264 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $107,569 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,165 |
| Total operating and administrative expenses | $147,734 |
| Contributions, gifts, grants paid | $58,309 |
| Total expenses and disbursements | $206,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,874 |
| 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 | $787,607 |
| Net Land, buildings, and equipment | $2,925,877 |
| Other assets | $0 |
| Total assets | $3,724,358 |
| 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, Broom Family Foundation has awarded $58,309 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Sunapee, NH PURPOSE: SUPPORT THE ORGANIZATION'S NON PROFIT PURPOSE - PER IRS REGULATION 53.4942 (A)2(C)3(II)(F) PROVIDED NEW ROOF FOR BUILDING, THAT IS USED TO DIRECTLY CARRY OUT THE FOUNDATIONS EXEMPT PURPOSE | $29,400 |
Sunapee, NH PURPOSE: SUPPORT THE ORGANIZATION'S NON PROFIT PURPOSE | $28,909 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hyams Foundation Inc Boston, MA | $163,844,341 | $20,347,329 |
Partnership Inc Boston, MA | $5,653,072 | $4,577,511 |
Multicultural Aids Coalition Inc Roxbury, MA | $1,116,469 | $3,034,089 |
Gerald R Jordan Jr Foundation Quincy, MA | $21,195,572 | $2,955,150 |
The Center For Systems Awareness Inc North Andover, MA | $734,959 | $1,923,804 |
Make A Wish Of New Hampshire Inc Manchester, NH | $4,345,175 | $2,601,281 |
Jewish Womens Archive Inc Brookline, MA | $5,242,906 | $855,721 |
Star Of Hope Inc Rockland, ME | $6,892,242 | $3,887,772 |
Art Complex Inc Duxbury, MA | $42,808,809 | $4,533,142 |
Jewish Alliance For Law And Social Action Inc Boston, MA | $743,594 | $903,599 |
St Johnsbury Athenaeum Inc St Johnsbury, VT | $10,194,894 | $1,358,471 |
Sail Marthas Vineyard Inc Vineyard Haven, MA | $1,825,334 | $344,025 |