Gabriel J Brown Trust
- Assets
- $1.6m
- Revenue
- $118.1k
- Investments
- $1.8k
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 12/1970
- Data as of
- 03/2023
- EIN
- 23-7086880
Organization Overview
Gabriel J Brown Trust is located in Bismarck, ND. The organization was established in 1970. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gabriel J Brown 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 03/2023, Gabriel J Brown Trust generated $118.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $255.4k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEY OPERATE A LOAN AND SCHOLARSHIP PROGRAM FOR NORTH DAKOTA LOW INCOME RESIDENTS TO ATTEND A NORTH DAKOTA STATE COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Lundberg Trustee | 20 | $0 | |
Melissa Mcgowan Trustee | 20 | $20,557 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $263 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $117,831 |
| Total Revenue | $118,094 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,557 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,639 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $208,263 |
| Total operating and administrative expenses | $255,378 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $255,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $250,042 |
| 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 | $1,311,296 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $411 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $609 |
| Total assets | $1,563,711 |
| Accounts payable and accrued expenses | $1,568 |
| 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 | $930 |
| Total liabilities | $2,498 |