Brass Family Foundation
- Assets
- $2.3m
- Revenue
- $128.6k
- Investments
- $2.2m
- Employees
- 0
- Location
- Lennox, SD
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-8084679
Organization Overview
Brass Family Foundation is located in Lennox, SD. The organization was established in 2007. 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. Brass Family 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 12/2021, Brass Family Foundation generated $128.6k 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 (10.2%) each year. All expenses for the organization totaled $150.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Brass Family Foundation has awarded 57 individual grants totaling $986,500. 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 |
|---|---|---|---|
Lorin L Brass President | 4 | $0 | |
Brian D Shephard Vice President | 4 | $0 | |
Mary G Brass Secretary | 1 | $0 | |
Jennifer L Brand Officer | 1 | $0 | |
Katherine M Shephard Officer | 1 | $0 | |
Adam Brand Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $78,603 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,931 |
| Capital Gain Net Income | $49,931 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $128,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $366 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,812 |
| Total operating and administrative expenses | $25,734 |
| Contributions, gifts, grants paid | $124,500 |
| Total expenses and disbursements | $150,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $182,433 |
| 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 | $1,999,096 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,349,668 |
| 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, Brass Family Foundation has awarded $124,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SD MINES CENTER FOR ALUMNI RELATIONS AND ADVANCEMENT (CARA) PURPOSE: GENERAL ASSISTANCE | $50,000 |
ABBEY OF THE HILLS PURPOSE: GENERAL ASSISTANCE | $20,000 |
DIOCESE OF RAPID CITY PURPOSE: GENERAL ASSISTANCE | $12,000 |
RAPID CITY NEWMAN CENTER PURPOSE: GENERAL ASSISTANCE | $12,000 |
Brookings, SD PURPOSE: GENERAL ASSISTANCE | $7,500 |
FRANCISCAN SISTERS OF LITTLE FALLS PURPOSE: GENERAL ASSISTANCE | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brass Family Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
South Dakota Humanities Council Brookings, SD | | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Dennis R Washington Foundation Inc Missoula, MT | $1,024,973,213 | $135,352,040 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |