Braeside Foundation
- Assets
- $1.1m
- Revenue
- $29.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Lincolnwood, IL
- Founding
- 12/1991
- Data as of
- 12/2022
- EIN
- 36-3779797
Organization Overview
Braeside Foundation is located in Lincolnwood, IL. The organization was established in 1991. 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. Braeside 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 12/2022, Braeside Foundation generated $29.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $54.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Braeside Foundation has awarded 19 individual grants totaling $277,004. 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 |
|---|---|---|---|
John Schomberg President | 0.25 | $0 | |
Darlene Oliver Hightower Secretary | 0.25 | $0 | |
Stuart J Chanen Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,561 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$323 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,077 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,807 |
| Total operating and administrative expenses | $54,897 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $54,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $1,063,435 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,157 |
| Total assets | $1,065,592 |
| 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, Braeside Foundation has awarded $70,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BELOVED COMMUNITY FAMILY WELLNESS C PURPOSE: PROVIDE AFFORDABLE PRIMARY HEALTH CARE, EDUCATION AND SOCIAL SERVICE PROGRAMS TO THE GREATER ENGLEWOOD AND SURROUNDING COMMUNITIES | $10,000 |
BRIGHT STAR COMMUNITY OUTREACH PURPOSE: EMPOWERING COMMUNITY RESIDENTS WITH SKILLS AND RESOURCES NEED TO BE SUCCESSFUL THROUGH PARENT EDUCATION, ADVOCACY, COUNSELING, MENTORING AND WORKFORCE DEVELOPMENT | $20,000 |
HOWARD BROWN HEALTH CENTER PURPOSE: TO HELP ELIMINATE DISPARITIES IN HEALTHCARE BY LESBIAN, GAY, BISEXUAL AND TRANSGENDER PEOPLE THROUGH RESEARCH, EDUCATION AND PROMOTING HEALTH WELLNESS | $20,000 |
NATIONAL ALLIANCE ON MENTAL ILLNESS PURPOSE: PROVIDE SERVICES FOR AMERICANS AFFECTED BY MENTAL ILLNESS ESPECIALLY SERIOUS MENTAL ILLNESS | $20,000 |