Stephen Breen Memorial Foundation Inc
- Assets
- $1.2m
- Revenue
- $246.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 09/2005
- Data as of
- 12/2022
- EIN
- 35-2238435
Organization Overview
Stephen Breen Memorial Foundation Inc is located in Fort Worth, TX. The organization was established in 2005. 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. Stephen Breen 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 12/2022, Stephen Breen Memorial Foundation Inc generated $246.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $170.9k during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 8 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 2014, Stephen Breen Memorial Foundation Inc has awarded 121 individual grants totaling $1,096,918. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES FINANCIAL AID TO CHILDREN WHO SEEK THE STRENGHT AND VALUES OF A CATHOLIC EDUCATION AND TO THOSE CHILDREN AND THEIR FAMILIES WHO ARE AFFLICTED BY CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FINANCIAL AID TO LOCAL CHILDREN WHO SEEK THE STRENGTH AND VALUES OF A CATHOLIC EDUCATION. DURING 2022, EDUCATIONAL GRANTS WERE PROVIDED TO AROUND 193 PEOPLE.
THE FOUNDATION PROVIDES FINANCIAL AID TO THOSE COURAGEOUS CHILDREN AND THEIR FAMILIES WHOSE LIVES ARE AFFLICTED BY CANCER. DURING 2022, CANCER AID WAS PROVIDED TO 3 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Breen President | OfficerTrustee | 10 | $0 |
Mike Flynn Director | Trustee | 1 | $0 |
Lisa Fischer Director | Trustee | 1 | $0 |
Jim Leito Treasurer | Trustee | 1 | $0 |
Ann Pennebaker Director | Trustee | 1 | $0 |
Connie Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $189,426 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,923 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,349 |
| Total Program Service Revenue | $0 |
| Investment income | $2,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14 |
| Net Income from Fundraising Events | -$45,961 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $148,000 |
| Grants and other assistance to domestic individuals. | $15,490 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,925 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $782 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,864 |
| Total functional expenses | $170,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,757 |
| Savings and temporary cash investments | $944,098 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,208,855 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,208,855 |
| Total liabilities and net assets/fund balances | $1,208,855 |
Grants Awarded
Over the last fiscal year, Stephen Breen Memorial Foundation Inc has awarded $148,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX PURPOSE: CATHOLIC SCHOOL TUITION | $20,000 |
IMMACULATE CONCEPTION CATHOLIC SCHO PURPOSE: CATHOLIC SCHOOL TUITION | $8,000 |
ST ELIZABETH ANN SETON CATHOLIC SCH PURPOSE: CATHOLIC SCHOOL TUITION | $8,000 |
ST GEORGE CATHOLIC SCHOOL PURPOSE: CATHOLIC SCHOOL TUITION | $8,000 |
Fr Worth, TX PURPOSE: CATHOLIC SCHOOL TUITION | $8,000 |
Fort Worth, TX PURPOSE: CATHOLIC SCHOOL TUITION | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Stephen Breen Memorial Foundation Inc has recieved totaling $47,025.
| Awarding Organization | Amount |
|---|---|
Rich Family Foundation Fort Worth, TX PURPOSE: GENERAL SUPPORT | $40,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,269 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |