Ike And Candy Brown Familyfoundation
- Assets
- $9.4m
- Revenue
- $2.8m
- Investments
- $8.9m
- Employees
- 0
- Location
- Camden, NJ
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 20-5265609
Organization Overview
Ike And Candy Brown Familyfoundation is located in Camden, NJ. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ike And Candy Brown Familyfoundation 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, Ike And Candy Brown Familyfoundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $122.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ike And Candy Brown Familyfoundation has awarded 50 individual grants totaling $2,293,857. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irwin J Brown President | 0.25 | $0 | |
Candy Brown Vice President And Treasurer | 0.25 | $0 | |
Jordan B Brown Director | 0.25 | $0 | |
Aaron D Brown Director | 0.25 | $0 | |
Zachary M Brown Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,402,634 |
| Interest on Savings | $36,051 |
| Dividends & Interest | $110,286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $240,492 |
| Capital Gain Net Income | $240,492 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,789,463 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,110 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $77,124 |
| Contributions, gifts, grants paid | $44,999 |
| Total expenses and disbursements | $122,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,161 |
| 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 | $617,505 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,385,464 |
| 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, Ike And Candy Brown Familyfoundation has awarded $44,999 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION OF GREATER DALLAS PURPOSE: ASSISTANCE FOR CHARITABLE PURPOSES | $10,000 |
THE INDEPENDENCE FUND PURPOSE: ASSISTANCE FOR CHARITABLE PURPOSES | $3,333 |
HEALTHWELL FOUNDATION PURPOSE: ASSISTANCE FOR CHARITABLE PURPOSES | $3,333 |
BRAZIL FOUNDATION PURPOSE: ASSISTANCE FOR CHARITABLE PURPOSES | $3,333 |
CHILD MIND INSTITUTE PURPOSE: ASSISTANCE FOR CHARITABLE PURPOSES | $10,000 |
FRIENDS OF THE ISRAEL DEFENSE FORCES PURPOSE: ASSISTANCE FOR CHARITABLE PURPOSES | $10,000 |