Brave Heart Foundation Inc
- Assets
- $4.7m
- Revenue
- $606.1k
- Investments
- $4.5m
- Employees
- 0
- Location
- Fishers, IN
- Founding
- 03/2010
- Data as of
- 12/2023
- EIN
- 27-0720856
Organization Overview
Brave Heart Foundation Inc is located in Fishers, IN. The organization was established in 2010. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Brave Heart 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 12/2023, Brave Heart Foundation Inc generated $606.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $735.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Brave Heart Foundation Inc has awarded 1,041 individual grants totaling $4,840,618. 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 |
|---|---|---|---|
William Griffith Chairman | 5 | $0 | |
Gerry Griffith Treasurer | 5 | $0 | |
James Mulholland Secretary | 1 | $0 | |
Kim Walton Member | 1 | $0 | |
David Mcdaniel Member | 1 | $0 | |
Katie Hagerty Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,109 |
| Interest on Savings | $0 |
| Dividends & Interest | $124,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $180,897 |
| Capital Gain Net Income | $180,897 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $171 |
| Total Revenue | $606,095 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,490 |
| Depreciation | $0 |
| Occupancy | $4,260 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,276 |
| Total operating and administrative expenses | $77,348 |
| Contributions, gifts, grants paid | $658,488 |
| Total expenses and disbursements | $735,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,796 |
| Savings and temporary cash investments | $238,518 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,721,563 |
| 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, Brave Heart Foundation Inc has awarded $658,488 in support to 151 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN OF INDIANAPOLIS PURPOSE: COMMUNITY ASSISTANCE | $500 |
ALBION FELLOWS BACON CENTER PURPOSE: COMMUNITY ASSISTANCE | $3,972 |
ALLIES INC PURPOSE: COMMUNITY ASSISTANCE | $5,000 |
ALZHEIMERS ASSOC GREATER INDIANA CHAPTER PURPOSE: COMMUNITY ASSISTANCE | $1,000 |
AMIGOS THE RICHMOND LATINO CENTER INC PURPOSE: COMMUNITY ASSISTANCE | $5,000 |
ASCENT 121 PURPOSE: COMMUNITY ASSISTANCE | $7,000 |