Leonard J And Irene Brown Foundation Inc
- Assets
- $1.2m
- Revenue
- $201.1k
- Investments
- $985.7k
- Employees
- 0
- Location
- Michigan City, IN
- Founding
- 10/1978
- Data as of
- 10/2023
- EIN
- 31-0941100
Organization Overview
Leonard J And Irene Brown Foundation Inc is located in Michigan City, IN. The organization was established in 1978. 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. Leonard J And Irene 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 10/2023, Leonard J And Irene Brown Foundation Inc generated $201.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 56.0% each year . All expenses for the organization totaled $81.8k during the year ending 10/2023. While expenses have increased by 5.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Leonard J And Irene Brown Foundation Inc has awarded 138 individual grants totaling $224,440. 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 |
|---|---|---|---|
Adele Deprizio President | 12 | $0 | |
Deborah B Hyndman Secretary | 12 | $0 | |
Valerie Blumenfeld Director | 6 | $0 | |
Barry Brown Director | 3 | $0 | |
Christine Dacheff Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,435 |
| Dividends & Interest | $38,138 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $161,505 |
| Capital Gain Net Income | $161,505 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $201,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,092 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,728 |
| Total operating and administrative expenses | $20,820 |
| Contributions, gifts, grants paid | $61,000 |
| Total expenses and disbursements | $81,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,776 |
| Savings and temporary cash investments | $196,516 |
| 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 | $1,193,942 |
| 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, Leonard J And Irene Brown Foundation Inc has awarded $61,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: MEDICAL RESEARCH | $1,000 |
AMERICAN LEGION POST 441 PURPOSE: VETERAN SERVICES | $100 |
BEVERLY SHORES MUSEUM & ART GALLERY PURPOSE: ARTS PROGRAMMING | $500 |
BEVERLY SHORES VOLUNTEER FIRE DEPT PURPOSE: SUPPLIES | $1,000 |
BOYS & GIRLS CLUB OF LAPORTE COUNTY PURPOSE: YOUTH PROGRAMMING | $1,000 |
CHICAGO PUBLIC MEDIAWBEZ PURPOSE: PUBLIC RADIO PROGRAMMING | $3,000 |