Brightwater Fund
- Assets
- $2.5m
- Revenue
- $80.2k
- Investments
- $2.0m
- Employees
- 0
- Location
- Darien, CT
- Founding
- 03/2010
- Data as of
- 06/2023
- EIN
- 27-1041109
Organization Overview
Brightwater Fund is located in Darien, CT. The organization was established in 2010. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Brightwater Fund 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 06/2023, Brightwater Fund generated $80.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $594.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (16.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Brightwater Fund has awarded 394 individual grants totaling $10,529,781. 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 |
|---|---|---|---|
Gloria Jarecki President / Director | 0 | $0 | |
Donna M C Jarecki Director | 0 | $0 | |
Ellen B Chandler Director | 0 | $0 | |
Nancy Jarecki Director | 0 | $0 | |
Annchristine Gormley Secretary / Treasurer | 25 | $55,217 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $379,047 |
| Interest on Savings | $8,978 |
| Dividends & Interest | $59,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$367,740 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,230 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55,217 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,216 |
| Interest | $0 |
| Taxes | $644 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,759 |
| Total operating and administrative expenses | $98,655 |
| Contributions, gifts, grants paid | $496,250 |
| Total expenses and disbursements | $594,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $480,813 |
| 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 | $2,002,140 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,482,952 |
| 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 | $175 |
| Total liabilities | $175 |
Grants Awarded
Over the last fiscal year, Brightwater Fund has awarded $496,250 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU PURPOSE: GENERAL USE | $40,000 |
BOSTON MEDFLIGHT PURPOSE: GENERAL USE | $2,500 |
BRENNAN CENTER FOR JUSTICE PURPOSE: GENERAL USE | $5,000 |
CARVER CENTER PURPOSE: GENERAL USE | $35,000 |
CENTER FOR STUDY OF RESPONSIVE LAW PURPOSE: GENERAL USE | $10,000 |
CHILDFUND INTERNATIONAL PURPOSE: GENERAL USE | $1,500 |