The Joan H Brack Charitable Foundation
- Assets
- $785.3k
- Revenue
- $136.4k
- Investments
- $773.5k
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 31-6632672
Organization Overview
The Joan H Brack Charitable Foundation is located in Johnston, RI. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Joan H Brack Charitable Foundation 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, Joan H Brack Charitable Foundation generated $136.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $254.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Joan H Brack Charitable Foundation has awarded 22 individual grants totaling $820,898. 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 |
|---|---|---|---|
Kenneth B Brack Trustee | 1 | $0 | |
William H Brack Trustee | 3 | $0 | |
Virginia C Brack M D Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,569 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,438 |
| Capital Gain Net Income | $40,438 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,370 |
| Total Revenue | $136,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $354 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $9,335 |
| Contributions, gifts, grants paid | $245,000 |
| Total expenses and disbursements | $254,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,756 |
| 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 | $773,544 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $785,300 |
| 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, The Joan H Brack Charitable Foundation has awarded $245,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH MIDDLESEX OPPORTUNITY COUNCIL PURPOSE: JOAN H BRACK ADULT LEARNING | $80,000 |
COALITION OF IMMOKALEE WORKERS PURPOSE: UNRESTRICTED GIFT | $10,000 |
CRSI FOUNDATION INC- ROBERT B BRACK PURPOSE: 501(C)(3) | $100,000 |
METROWEST LEGAL SERVICES PURPOSE: CHILDRENS EDUCATION | $25,000 |
HOPE FLOATS HEALING & WELLNESS PURPOSE: UNRESTRICTED GIFT | $30,000 |