Clarence S Brooks Foundation
- Assets
- $5.9m
- Revenue
- $528.9k
- Investments
- $5.8m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 01/2005
- Data as of
- 09/2023
- EIN
- 20-1835676
Organization Overview
Clarence S Brooks Foundation is located in Beverly Hills, CA. The organization was established in 2005. 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. Clarence S Brooks 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 09/2023, Clarence S Brooks Foundation generated $528.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $502.7k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clarence S Brooks Foundation has awarded 18 individual grants totaling $756,345. 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 |
|---|---|---|---|
Jeffrey Ratner President | 40 | $180,000 | |
Irene Gelfen Vice President | 40 | $96,000 | |
Elina Lerman Secretary | 10 | $14,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $335,838 |
| Dividends & Interest | $121,346 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $335,838 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $71,739 |
| Total Revenue | $528,923 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $290,400 |
| Other employee salaries and wages | $42,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,413 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,559 |
| Other expenses | $0 |
| Total operating and administrative expenses | $416,950 |
| Contributions, gifts, grants paid | $85,795 |
| Total expenses and disbursements | $502,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,607 |
| Savings and temporary cash investments | $75,442 |
| 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 | $1,048 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,863,632 |
| 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, Clarence S Brooks Foundation has awarded $85,795 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH VOCATIONAL SERVICE PURPOSE: EDUCATINAL | $20,000 |
HEBREW UNION COLLEGE PURPOSE: EDUCATIONAL | $50,000 |
ISRAEL EMERGENCY ALLIANCE PURPOSE: EDUCATIONAL | $15,000 |
EXPONENT PHILANTHROPY PURPOSE: EDUCATIONAL | $795 |