Lester Brown Foundation Inc
- Assets
- $1.7m
- Revenue
- $115.5k
- Investments
- $949.7k
- Employees
- 0
- Location
- Marine City, MI
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 27-0128982
Organization Overview
Lester Brown Foundation Inc is located in Marine City, MI. The organization was established in 2007. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Lester Brown Foundation Inc 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, Lester Brown Foundation Inc generated $115.5k 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 (29.5%) each year. All expenses for the organization totaled $68.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM AND HISTORICAL RESIDENCE, TOURS AND EVENTS, CAPTAIN DAVID LESTER MUSEUM, 406 S. MAIN STREET, MARINE CITY, MI 48039
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Brown President | 0 | $6,000 | |
William Brown Treasurer | 0 | $6,000 | |
David Brown Vice Preside | 0 | $6,000 | |
Sandra Brown Board Member | 0 | $6,000 | |
Jerry Brown Board Member | 0 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,336 |
| Dividends & Interest | $21,173 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,470 |
| Capital Gain Net Income | $3,470 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $87,526 |
| Total Revenue | $115,505 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $18,259 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,420 |
| Total operating and administrative expenses | $68,497 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $68,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,331 |
| Savings and temporary cash investments | $0 |
| 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 | $12,343 |
| Prepaid expenses and deferred charges | $79 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $949,698 |
| Net Land, buildings, and equipment | $663,327 |
| Other assets | $0 |
| Total assets | $1,663,778 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
Kappa Kappa Gamma Foundation Dublin, OH | $48,213,422 | $9,077,849 |
Horizon Science Academy Of Lorain Lorain, OH | $7,416,204 | $11,463,711 |
Lansing Christian School Lansing, MI | $7,908,099 | $6,549,219 |
Alliance Community Schools Inc Dayton, OH | $2,196,262 | $6,414,023 |
Jewish Community Center Association Of Indianapolis Incorporated Indianapolis, IN | $4,270,447 | $7,644,985 |
Wisconsin Center For Manufacturing And Productivity Inc Madison, WI | $1,793,408 | $5,861,220 |
Dugger Union Community Schools Dugger, IN | $4,720,303 | $6,347,033 |
Heritage Christian Schools Inc New Berlin, WI | $9,766,972 | $6,403,349 |
Wisconsin Eschool Network Inc Burlington, WI | $5,717,556 | $6,828,639 |
907 Associated School Employees Credit Union Inc Youngstown, OH | $175,293,632 | $5,241,906 |
Duneland Charter School Incorporated Porter, IN | $8,159,001 | $4,448,249 |