Morris Braun Foundation
- Assets
- $2.9m
- Revenue
- $184.5k
- Investments
- $2.9m
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 11/2005
- Data as of
- 10/2024
- EIN
- 20-1921857
Organization Overview
Morris Braun Foundation is located in Evansville, IN. 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. Morris Braun 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 10/2024, Morris Braun Foundation generated $184.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $191.6k during the year ending 10/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Morris Braun Foundation has awarded 123 individual grants totaling $1,300,220. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Old National Wealth Management Co-Trustee | 1 | $10,508 | |
Barbara Chyette Co-Trustee | 1 | $12,000 | |
Timothy G Carroll Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,901 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $125,593 |
| Capital Gain Net Income | $125,593 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $184,494 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,508 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,340 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $536 |
| Total operating and administrative expenses | $36,112 |
| Contributions, gifts, grants paid | $155,500 |
| Total expenses and disbursements | $191,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $2,895,010 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,895,010 |
| 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, Morris Braun Foundation has awarded $155,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GRIN2B FOUNDATION PURPOSE: PROGRAM SUPPORT | $1,000 |
AIRPORT MARINA COUNSELING SERVICE PURPOSE: PROGRAM SUPPORT | $8,000 |
WISH CHARTER SCHOOLS PURPOSE: PROGRAM SUPPORT | $15,000 |
UNICEF USA PURPOSE: PROGRAM SUPPORT | $50,000 |
MYCHAL'S LEARNING PLACE PURPOSE: PROGRAM SUPPORT | $35,000 |
FRIENDSHIP FOUNDATION PURPOSE: PROGRAM SUPPORT | $10,000 |