Lester Brown Foundation Inc
- Assets
- $1.5m
- Revenue
- -$124.7k
- Investments
- $779.8k
- Employees
- 0
- Location
- Marine City, MI
- Founding
- 07/2007
- Data as of
- 12/2022
- 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Brown Board Member | 0 | $6,000 | |
Robert Brown Board Member | 0 | $6,000 | |
William Brown Board Member | 0 | $6,000 | |
David 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 | $3,886 |
| Dividends & Interest | $16,439 |
| 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 | -$145,019 |
| Total Revenue | -$124,694 |
| 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 | $17,971 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,217 |
| Total operating and administrative expenses | $63,692 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $63,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,865 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $779,828 |
| Net Land, buildings, and equipment | $645,356 |
| Other assets | $0 |
| Total assets | $1,475,392 |
| 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 |