Beth Brown Memorial Foundation Inc
- Assets
- $810.4k
- Revenue
- $211.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Urbana, OH
- Founding
- 06/1965
- Data as of
- 12/2023
- EIN
- 34-0941011
Organization Overview
Beth Brown Memorial Foundation Inc is located in Urbana, OH. The organization was established in 1965. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Beth Brown Memorial 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, Beth Brown Memorial Foundation Inc generated $211.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $20.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIMARY EXEMPT PURPOSE - TO PROVIDE SCHOLARSHIPS TO INDIVIDUALS WHO PURSUE A MEDICAL CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE GRANTED ON AN OBJECTIVE & NONDISCRIMINATORY BASIS FOR STUDY AT AN EDUCATIONAL INSTITUTION FOR A MEDICAL CAREER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T E Richards MD Chair Emeritus | 0 | $0 | |
Debbie Richards Trustee | 0 | $0 | |
Joyce E Brown Trustee Emeritu | 0 | $0 | |
Judith Markin Treasurer | 0 | $0 | |
Catherine Brown Brinnon Chairperson | 0 | $0 | |
Mary Neal Miller Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $181,115 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,829 |
| Capital Gain Net Income | $20,829 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,812 |
| Total Revenue | $211,756 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $20,500 |
| Total expenses and disbursements | $20,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $111,829 |
| 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 | $698,578 |
| Total assets | $810,407 |
| 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, Beth Brown Memorial Foundation Inc has awarded $20,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ERIC GODDARD PURPOSE: TO ASSIST WITH COLLEGE TUITION AND FEES. | $1,250 |
CAELIE FLORA PURPOSE: TO ASSIST WITH COLLEGE TUITION AND FEES. | $1,250 |
KAYLEE LEVAN PURPOSE: TO ASSIST WITH COLLEGE TUITION AND FEES. | $1,250 |
KAATHERINE TRUDO PURPOSE: TO ASSIST WITH COLLEGE TUITION AND FEES. | $1,250 |
EMELEE PORTER PURPOSE: TO ASSIST WITH COLLEGE TUITION AND FEES. | $1,250 |
NATALIE TULL PURPOSE: TO ASSIST WITH COLLEGE TUITION AND FEES. | $1,250 |