Grant M Brown Memorial Foundation
- Assets
- $551.3k
- Revenue
- $101.9k
- Investments
- $532.6k
- Employees
- 0
- Location
- Allentown, PA
- Founding
- 05/1999
- Data as of
- 08/2023
- EIN
- 23-2805616
Organization Overview
Grant M Brown Memorial Foundation is located in Allentown, PA. The organization was established in 1999. 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. Grant M Brown Memorial 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 08/2023, Grant M Brown Memorial Foundation generated $101.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $47.9k during the year ending 08/2023. While expenses have increased by 2.2% per year over the past 8 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, Grant M Brown Memorial Foundation has awarded 100 individual grants totaling $271,910. 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
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,981 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,871 |
| Capital Gain Net Income | $80,871 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,852 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,289 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16 |
| Total operating and administrative expenses | $10,390 |
| Contributions, gifts, grants paid | $37,490 |
| Total expenses and disbursements | $47,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,415 |
| 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 | $266 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $210,502 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $551,303 |
| Accounts payable and accrued expenses | $7,820 |
| 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 | $7,820 |
Grants Awarded
Over the last fiscal year, Grant M Brown Memorial Foundation has awarded $37,490 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA POLYTECHNICAL STATE UNIV PURPOSE: SCHOLARSHIP IN THE FIELD OF ENGINEERING | $7,000 |
SEDONA ARTS CENTER INC PURPOSE: PROGRAM SUPPORT | $4,500 |
LEHIGH VALLEY CENTER FOR INDEPENDEN PURPOSE: SERVICES ANDSUPPORT TOPEOPLE WITH ALLTYPES OFDISABILITIES | $2,000 |
SEDONA INTERNATIONAL FILM FESTIVAL PURPOSE: EDUCATIONAL WORKSHOPS | $1,500 |
ALLENTOWN ART MUSEUM PURPOSE: TO DRIVEINTERACTION,EDUCATION,EXPERIMENTATIONAND SOCIALCHANGE | $1,500 |
UNITED FRIENDS SCHOOL OF THE GREATE PURPOSE: SCHOLARSHIP | $5,000 |