Brumm-Patel Charitable Trust
- Assets
- $278.9k
- Revenue
- $160.1k
- Investments
- $229.1k
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/2005
- Data as of
- 12/2023
- EIN
- 20-6647122
Organization Overview
Brumm-Patel Charitable Trust is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Brumm-Patel Charitable Trust 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 12/2023, Brumm-Patel Charitable Trust generated $160.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $119.3k during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 9 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.
Since 2015, Brumm-Patel Charitable Trust has awarded 83 individual grants totaling $631,865. 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
2023
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 |
|---|---|---|---|
Nicholas D S Brumm Trustee | 0 | $0 | |
Shyama Patel Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,450 |
| Interest on Savings | $883 |
| Dividends & Interest | $2,088 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,639 |
| Capital Gain Net Income | $56,639 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $160,060 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $550 |
| Contributions, gifts, grants paid | $118,700 |
| Total expenses and disbursements | $119,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,739 |
| 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 | $229,139 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $278,878 |
| 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, Brumm-Patel Charitable Trust has awarded $118,700 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICANS FOR OXFORD PURPOSE: SUPPORTS THE UNIVERSITY AND ITS COLLEGES TO FULFILL THEIR HISTORIC MISSION TO PROVIDE EXCELLENCE IN RESEARCH, SCHOLARSHIP AND TEACHING TO THE GLOBAL COMMUNITY . | $20,000 |
COLUMBIA LAW SCHOOL PURPOSE: PROVIDE LEGAL TRAINING TO ENGAGE WITH THE WORLD'S MOST CHALLENGING ISSUES ACROSS BORDERS, JURISDICTIONS, SUBJECT MATTERS, SECTORS AND INDUSTRIES. | $22,500 |
GREEN MOUNTAIN VALLEY SCHOOL PURPOSE: PROVIDE CAREER-ORIENTED PROFESSIONAL EDUCATION. GIVE ALL STUDENTS ACCESS TO OPPORTUNITY. SUPPORT APPLICATIONS-ORIENTED RESEARCH THAT BENEFITS THE LARGER WORLD. | $25,000 |
HARVARD UNIVERSITY PURPOSE: ADVANCE NEW IDEAS AND PROMOTE ENDURING KNOWLEDGE. | $25,000 |
ASIAN AMERICAN DREAM PURPOSE: TO PROVIDE MENTORSHIP NETWORKS, PROFESSIONAL DEVELOPMENT TRAINING, AND CAREER ADVANCEMENT OPPORTUNITIES FOR UNDERSERVED ASIAN AMERICAN AND PACIFIC ISLANDER UNDERGRADUATES, WITH THE GOAL OF HELPING THEM ACHIEVE THEIR UNIQUE VISION OF THE ASIAN AMERICAN DREAM. | $100 |
THE DALTON SCHOOL PURPOSE: PROVIDE AN EDUCATION OF EXCELLENCE THAT MEETS EACH STUDENTS INTERESTS, ABILITIES AND NEEDS WITHIN A COMMON CURICULAR FRAMEWORK AND REFLECTS AND PROMOTES AN UNDERSTANDING OF, AND APPRECIATION FOR, DIVERSITY IN OUR COMMUNITY AS AN INTEGRAL PART OF SCHOOL LIFE. | $15,000 |