Brown Ledge Foundation Inc
- Assets
- $5.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 103
- Location
- Colchester, VT
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 04-3351055
Organization Overview
Brown Ledge Foundation Inc is located in Colchester, VT. The organization was established in 1997. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Brown Ledge Foundation Inc employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brown Ledge 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, Brown Ledge Foundation Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 3.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BROWN LEDGE IS A CAMP THAT EXISTS TO DEVELOP COMMUNITY, SELF-DISCIPLINE, RESPONSIBILITY AND ACHIEVEMENT IN GIRLS AND YOUNG WOMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROWN LEDGE IS A RESIDENTIAL CAMP FOR GIRLS AGES 10-17 LOCATED ON MALLETTS BAY OF LAKE CHAMPLAIN IN NORTHERN VERMONT. WE ARE KNOWN FOR OUR FREEDOM OF CHOICE PHILOSOPHY, OUR EXCELLENT INSTRUCTION IN OUR ACTIVITIES, AND A LIVELY COMMUNITY THAT FOSTERS INDEPENDENT LIVING AND PERSONAL GROWTH. IN 2021 WE HAD TO REDUCE THE NUMBER OF CAMPERS WE HAD DUE TO COVID. WE WENT BACK TO OUR PRE-COVID ENROLLMENT NUMBERS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abby Lovshin-Smith Executive Di | Officer | 40 | $85,000 |
Hilary Chiang President | OfficerTrustee | 2 | $0 |
Kelcy Gears Vice Preside | OfficerTrustee | 2 | $0 |
Rachel Grindrod Treasurer | OfficerTrustee | 2 | $0 |
Jackie Meltzer Secretary | OfficerTrustee | 2 | $0 |
Tim Harkeness Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $540,526 |
| All other contributions, gifts, grants, and similar amounts not included above | $630,642 |
| Noncash contributions included in lines 1a–1f | $237,169 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,171,168 |
| Total Program Service Revenue | $2,068,920 |
| Investment income | $7,406 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,308 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,687 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,238,499 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $203,070 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,240 |
| Compensation of current officers, directors, key employees. | $29,968 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $649,230 |
| Pension plan accruals and contributions | $8,099 |
| Other employee benefits | $17,574 |
| Payroll taxes | $59,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $404 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,780 |
| Advertising and promotion | $19,689 |
| Office expenses | $21,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,880 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,459 |
| Insurance | $46,354 |
| All other expenses | $0 |
| Total functional expenses | $1,990,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,750 |
| Savings and temporary cash investments | $1,275,845 |
| 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 | $3,117,414 |
| Investments—publicly traded securities | $1,307,883 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,162 |
| Total assets | $5,927,054 |
| Accounts payable and accrued expenses | $16,888 |
| Grants payable | $0 |
| Deferred revenue | $125,958 |
| 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 | $0 |
| Total liabilities | $142,846 |
| Net assets without donor restrictions | $4,458,887 |
| Net assets with donor restrictions | $1,325,321 |
| 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 | $5,927,054 |