Breman Educational Foundation Inc
- Assets
- $434.3k
- Revenue
- $363.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bremen, GA
- Founding
- 09/2004
- Data as of
- 06/2022
- EIN
- 04-3612705
Organization Overview
Breman Educational Foundation Inc is located in Bremen, GA. The organization was established in 2004. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Breman Educational 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 06/2022, Breman Educational Foundation Inc generated $363.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $86.7k during the year ending 06/2022. While expenses have increased by 7.5% per year over the past 7 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
TO IMPROVE THE QUALITY OF EDUCATION IN THE BREMEN CITY SCHOOL SYSTEM, PRESERVE AND INCREASE ACCESS TO OUR SYSTEM'S UNIQUE HERITAGE, PROMOTE BROAD BASED PARTICIPATION IN THE ARTS AND CULTURAL ACTIVITIES, IMPROVE CHILDREN'S READINESS TO LEARN AND SUCCEED IN SCHOOL, INCREASE LITERACY, TO ACT AS FISCAL AGENT FOR DONORS WHO WISH TO SPONSOR PROJECTS, TEACHERS, AND STUDENTS, TO GRANT SCHOLARSHIPS FOR GRADUATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED FUNDS FOR A SCHOOL PAVILION, PLAQUES FOR SCHOOL AWARDS AND SUPPORT FOR THE FINE ARTS CENTER.
THE FOUNDATION GRANTED 31 SCHOLARSHIPS TO BREMEN HIGH SCHOOL GRADUATES.
THE FOUNDATION PROVIDED FUNDS REQUESTED BY VARIOUS TEACHERS FOR EDUCATIONAL IMPROVEMENTS IN THE CITY OF BREMEN ELEMENTARY, MIDDLE AND HIGH SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Gore Director | Trustee | 0 | $0 |
Amy Harrison Director | Trustee | 0 | $0 |
Marcus Morgan Director | Trustee | 0 | $0 |
Kersha Cartwright Director | Trustee | 0 | $0 |
Jenny Elliot Director | Trustee | 0 | $0 |
Allen Pullen Treasurer | Trustee | 0 | $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 | $362,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $362,599 |
| Total Program Service Revenue | $0 |
| Investment income | $562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $363,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,800 |
| Grants and other assistance to domestic individuals. | $27,550 |
| 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 | $47 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $300 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $86,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,732 |
| Savings and temporary cash investments | $419,567 |
| 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 | $434,299 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $96,496 |
| Net assets with donor restrictions | $337,803 |
| 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 | $434,299 |
Grants Awarded
Over the last fiscal year, Breman Educational Foundation Inc has awarded $37,617 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BREMEN HIGH SCHOOL PURPOSE: Band Uniforms | $20,000 |
BREMEN CITY SCHOOLS PURPOSE: McPherson-Able Keyboard Grant | $17,617 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Breman Educational Foundation Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacksonville State University Foundation Jacksonville, AL | $99,989,549 | $15,547,897 |
Phoenix Academy Inc High Point, NC | $3,025,069 | $10,364,069 |
Elizabeth City State University Foundation Elizabeth City, NC | $21,052,714 | $2,780,872 |
Florida Medical Practice Plan Inc Tallahassee, FL | $6,356,277 | $9,443,720 |
Scago Educational Facilities Corporation For Pickens School Dis Easley, SC | $211,994,412 | $9,218,813 |
Alabama High School Athletic Association Montgomery, AL | $12,167,526 | $9,029,142 |
River City Education Organization Inc Jacksonville, FL | $21,815,598 | $7,864,021 |
Unc-G Excellence Foundation Greensboro, NC | $187,420,574 | $12,267,071 |
Georgia Gwinnett College Foundationinc Lawrenceville, GA | $177,329,540 | $11,526,847 |
Augusta University Foundation Inc Augusta, GA | $77,382,154 | $9,045,973 |
University Of North Carolina At Asheville Foundation Inc Asheville, NC | $61,754,429 | $7,423,002 |
Securing Assets For Education Moncks Corner, SC | $221,693,651 | $7,774,514 |