Isaac Bruce Foundation
- Assets
- $115.8k
- Revenue
- $209.2k
- Investments
- $0.0
- Employees
- 1
- Location
- OFallon, MO
- Founding
- 09/2007
- Data as of
- 12/2023
- EIN
- 20-8066845
Organization Overview
Isaac Bruce Foundation is located in OFallon, MO. The organization was established in 2007. According to its NTEE Classification (N65) the organization is classified as: Football, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isaac Bruce 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 12/2023, Isaac Bruce Foundation generated $209.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $254.9k during the year ending 12/2023. While expenses have increased by 10.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ISAAC BRUCE FOUNDATION FOCUSES ON EDUCATING KIDS ABOUT HEALTH, WELLNESS, FITNESS, AND EDUCATION. THROUGH THE FOUNDATION, WE REACH OUT TO THE YOUTH TO TEACH THEM AT AN EARLY AGE ABOUT THE IMPORTANCE OF A HEALTHY LIFESTYLE WITH A FOCUS ON EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLIGHT 300 PROGRAM: THE ISAAC BRUCE FOUNDATIONS FLIGHT 300 PROGRAM PROVIDES TRANSPORTATION TO COLLEGE BOUND STUDENTS IN NEED. WHEN ISAAC GRADUATED HIGH SCHOOL, HE HAD A SCHOLARSHIP TO A JUNIOR COLLEGE IN CALIFORNIA, BUT HE NEEDED TO FIND A WAY TO GET THERE. HE WAS PROVIDED MONEY FOR A FLIGHT AND IS NOW MAKING THAT DIFFERENCE FOR STUDENTS IN NEED.
DONATIONS PROGRAM: THE CHARITABLE MERCHANDISE PROGRAM DONATES AUTOGRAPHED ITEMS FOR OTHER 501(C)(3) ORGANIZATIONS.
SCHOLARSHIP PROGRAM: THE SCHOLARSHIP PROGRAM BEGAN IN 2008 AND PROVIDES SCHOLARSHIPS TO STUDENTS IN ST. LOUIS, BROWARD COUNTY, AND UNIVERSITY OF MEMPHIS ANNUALLY. IN ORDER TO APPLY FOR THE SCHOLARSHIPS, STUDENTS MUST BE COLLEGE BOUND HIGH SCHOOL SENIORS AND MUST HAVE A MINIMUM CUMULATIVE GPA OF 2.0 (ON A 4.0 SCALE).
FREE FOOTBALL CLINIC: THE FOOTBALL CLINIC PROGRAM PROMOTES HEALTH AND FITNESS WHILE PROVIDING AN OPPORTUNITY FOR KIDS TO HAVE FUN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffani W Burris Executive Director | Officer | 40 | $67,600 |
Isaac Bruce President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $66,431 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,836 |
| Total Program Service Revenue | $0 |
| Investment income | $315 |
| 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 | $209,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,600 |
| Compensation of current officers, directors, key employees. | $67,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,491 |
| Information technology | $0 |
| 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 | $254,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,067 |
| Savings and temporary cash investments | $0 |
| 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 | $65,714 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $115,781 |
| 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 | $115,781 |
| Net assets with donor restrictions | $0 |
| 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 | $115,781 |
Grants Awarded
Over the last fiscal year, Isaac Bruce Foundation has awarded $25,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ST LOUIS PUBLIC SCHOOLS FOUNDATION | | | $10,000 |
READER READERS | | | $5,000 |
BILL WINSTON MINISTRIES | | | $5,000 |
JOSEPH PRINCE MINISTRIES | | | $5,000 |