The Brennan Family Charitable Trust
- Assets
- $47.0k
- Revenue
- $2.1k
- Investments
- $42.3k
- Employees
- 0
- Location
- Iron River, MI
- Founding
- 06/1996
- Data as of
- 12/2022
- EIN
- 34-1813450
Organization Overview
The Brennan Family Charitable Trust is located in Iron River, MI. The organization was established in 1996. 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. Brennan Family Charitable Trust 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 12/2022, Brennan Family Charitable Trust generated $2.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $8.1k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSION BIBLE TRAINING CENTER - GAASTRA MICHIGAN ADDICTION TREATMENT CENTER
BATES HALL PRESERVATION SOCIETY - IRON RIVER MI HISTORIC BUILDING PRESERVATION
VARIOUS CIVIC ORGANIZATIONS
VARIOUS CONSERVATION ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Brennan Trustee | 4 | $0 | |
Margaret Brennan Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $3,014 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$923 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,095 |
| 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 | $150 |
| Total operating and administrative expenses | $600 |
| Contributions, gifts, grants paid | $7,468 |
| Total expenses and disbursements | $8,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,623 |
| 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 | $46,951 |
| 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 Brennan Family Charitable Trust has awarded $7,468 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MISSION BIBLE TRAINING CENTER PURPOSE: ADDICTION TREATMENT CENTER | $2,150 |
BATES HALL PRESERVATION SOCIETY PURPOSE: HISTORIC BUILDING PRESERVATION | $1,534 |
VARIOUS CIVIC ORGANIZATIONS PURPOSE: ORGANIZATIONS DEDICATED TO CHARITABLE PURPOSES | $1,045 |
VARIOUS CONSERVATION ORGANIZATIONS PURPOSE: ORGANIZATIONS DEDICATED CONSERVATION OF OPEN SPACE | $625 |
VARIOUS CHURCHES PURPOSE: PUBLIC WORSHIP | $500 |
VARIOUS CHARITABLE ORGANIZATIONS PURPOSE: ORGANIZATIONS DEDICATED TO CHARITABLE ACTIVITIES | $1,614 |